Turkey: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Turkey

The Turkish metal gas appliances market totaled $X in 2022, surging by 4.3% against the previous year. In general, consumption showed a resilient increase. Metal gas appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Gas Appliances Production in Turkey

In value terms, metal gas appliances production expanded modestly to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2015 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Gas Appliances Exports

Exports from Turkey

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 5.8% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2017 when exports increased by 125%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, metal gas appliances exports rose significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X units), Morocco (X units) and Georgia (X units) were the main destinations of metal gas appliances exports from Turkey, together accounting for 38% of total exports. Israel, Bulgaria, Italy, Egypt, Romania, Poland, Hungary, Lebanon, Azerbaijan and Algeria lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +95.5%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) remains the key foreign market for iron or steel gas domestic appliances exports from Turkey, comprising 29% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.4% share of total exports. It was followed by Egypt, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-1.9% per year) and Egypt (+82.4% per year).

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, increasing by 5.7% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Turkey

In 2022, supplies from abroad of iron or steel gas domestic appliances increased by 126% to X units, rising for the second consecutive year after three years of decline. In general, imports enjoyed a prominent increase. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal gas appliances imports skyrocketed to $X in 2022. Over the period under review, imports recorded a measured increase. The pace of growth was the most pronounced in 2021 when imports increased by 81%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal gas appliances to Turkey, accounting for a 69% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+106.1% per year) and the United States (-3.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Turkey, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Ireland, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.4% per year) and Ireland (+54.3% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, reducing by -39.9% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 120%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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