Turkey: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Turkey

In 2022, the Turkish glass in the mass market decreased by -27.5% to $X, falling for the second year in a row after four years of growth. Overall, consumption enjoyed a moderate expansion. Glass in the mass consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in Turkey

In value terms, glass in the mass production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 11%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass in The Mass

Exports from Turkey

In 2022, overseas shipments of glass in the mass increased by 1,135% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports saw a significant increase. Over the period under review, the glass in mass exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, glass in the mass exports soared to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 397% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass in the mass exports from Turkey, accounting for a 86% share of total exports. It was followed by Israel (X tons), with a 2.8% share of total exports. Saudi Arabia (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +1,455.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+21.0% per year) and Saudi Arabia (+64.0% per year).

In value terms, the largest markets for glass in the mass exported from Turkey were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), together accounting for 76% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +796.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, reducing by -64.3% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Turkey

In 2022, imports of glass in the mass into Turkey totaled X tons, increasing by 14% on 2021 figures. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 873% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass in the mass imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 416% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Israel (X tons) was the main supplier of glass in the mass to Turkey, with a 99% share of total imports. It was followed by Malta (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel amounted to +181.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (-64.3% per year) and Spain (-69.3% per year).

In value terms, Israel ($X) constituted the largest supplier of glass in the mass to Turkey, comprising 70% of total imports. The second position in the ranking was held by Malta ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel stood at +121.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (-30.6% per year) and Spain (-66.5% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, falling by -34.1% against the previous year. Over the period under review, the import price saw a precipitous decrease. The most prominent rate of growth was recorded in 2017 an increase of 64%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malta ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+94.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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