Turkey: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Turkey

The Turkish market for iron or steel gas domestic cooking appliances and plate warmers totaled $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Turkey

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Turkey

After six years of growth, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers decreased by -8.5% to X units in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.4% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then declined in the following year.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped slightly to $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Morocco (X units), Algeria (X units) and Romania (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Turkey, with a combined 24% share of total exports. Italy, Russia, Germany, Mauritania, France, Iraq, the UK, Spain, Libya and Poland lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +25.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Turkey were Algeria ($X), Iraq ($X) and the UK ($X), together accounting for 23% of total exports. Italy, Russia, Romania, France, Morocco, Libya, Spain, Germany, Poland and Mauritania lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Mauritania, with a CAGR of +12.2%, 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 export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, rising by 6.5% against the previous year. Over the period under review, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 11%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Mauritania ($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 Iraq (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Turkey

In 2022, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers increased by 9.1% to X units, rising for the third consecutive year after five years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +129.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers skyrocketed to $X in 2022. In general, imports saw a measured expansion. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to Turkey, together comprising 91% of total imports. Algeria and the United Arab Emirates lagged somewhat behind, together comprising a further 4.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Algeria (with a CAGR of +110.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Turkey, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.4% per year) and Italy (-5.9% per year).

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, picking up by 40% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform