Turkey: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Turkey

The Turkish plastic household articles market shrank to $X in 2022, falling by -13.8% against the previous year. Over the period under review, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in Turkey

In value terms, plastic household articles production declined rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The growth pace was the most rapid in 2017 with an increase of 79%. Plastic household articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from Turkey

In 2022, after ten years of growth, there was significant decline in overseas shipments of household articles and toilet articles of plastics, when their volume decreased by -5.1% to X tons. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, plastic household articles exports amounted to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Israel (X tons), Iraq (X tons) and the United Arab Emirates (X tons) were the main destinations of plastic household articles exports from Turkey, together comprising 18% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Iraq ($X) and Morocco ($X) constituted the largest markets for plastic household articles exported from Turkey worldwide, with a combined 17% share of total exports. The UK, Poland, Italy, Germany, the United Arab Emirates, Georgia, Romania, Greece, Libya and Spain lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +32.6%, saw the highest growth rate of 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 plastic household articles export price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to the United Arab Emirates ($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 Libya (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Articles Imports

Imports into Turkey

In 2022, supplies from abroad of household articles and toilet articles of plastics increased by 31% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, plastic household articles imports skyrocketed to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to Turkey, with a 54% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+29.1% per year) and Italy (-5.8% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Turkey, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Spain, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.2% per year) and Spain (+15.2% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, rising by 9.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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