Turkey: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Turkey

In 2021, the Turkish market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -59.3% to $X, falling for the second consecutive year after eight years of growth. Over the period under review, consumption recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Turkey

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 61% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Turkey

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Turkey soared to X tons, growing by 20% compared with the previous year. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Iraq (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Turkey, accounting for a 21% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Iraq exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The third position in this ranking was held by Sudan (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+46.0% per year) and Sudan (+102.7% per year).

In value terms, the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Turkey were Iraq ($X), Spain ($X) and Germany ($X), with a combined 30% share of total exports. These countries were followed by Nigeria, Yemen, Sudan, Kazakhstan, Libya, Israel, Serbia, Senegal, Mauritania and Somalia, which together accounted for a further 21%.

Somalia, with a CAGR of +122.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, growing by 1.9% against the previous year. Overall, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2013 an increase of 3.4% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Turkey

In 2021, overseas purchases of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 16% to X tons, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, faced a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to Turkey, with a 51% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.5% per year) and Indonesia (+1.5% per year).

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Turkey, together accounting for 74% of total imports. These countries were followed by Bosnia and Herzegovina, Germany, Cambodia and Spain, which together accounted for a further 16%.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +52.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, growing by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9.8% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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