Turkey: Glass Closure Market 2025

Glass Closure Market Size in Turkey

The Turkish glass closure market was estimated at $X in 2022, surging by 4.3% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glass closure consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Glass Closure Production in Turkey

In value terms, glass closure production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Glass Closure Exports

Exports from Turkey

In 2022, shipments abroad of glass stoppers, lids and other closures increased by 97% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 299%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, glass closure exports soared to $X in 2022. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 278% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for glass closure exports from Turkey, with a 56% share of total exports. Moreover, glass closure exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), sixfold. The third position in this ranking was taken by Egypt (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+282.8% per year) and Egypt (+9.5% per year).

In value terms, Italy ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Turkey, comprising 43% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9% share of total exports. It was followed by Morocco, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+14.6% per year) and Morocco (+86.1% per year).

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, falling by -11.9% against the previous year. In general, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2016 an increase of 41%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Belarus ($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 Iran (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Turkey

Glass closure imports into Turkey shrank remarkably to X tons in 2022, reducing by -34.9% on the previous year. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 598% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, glass closure imports fell dramatically to $X in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 595% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and Iran (X tons) were the main suppliers of glass closure imports to Turkey, together accounting for 95% of total imports. The Czech Republic, Vietnam and Indonesia lagged somewhat behind, together comprising a further 4.7%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +113.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest glass closure suppliers to Turkey were France ($X), China ($X) and Iran ($X), together accounting for 87% of total imports. Vietnam, the Czech Republic and Indonesia lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Vietnam, with a CAGR of +125.3%, recorded 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 glass closure import price stood at $X per ton in 2022, jumping by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+79.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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