Turkey: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Turkey

The Turkish metal hot-worked helical spring market surged to $X in 2021, picking up by 17% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Metal hot-worked helical spring consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Turkey

In value terms, metal hot-worked helical spring production soared to $X in 2021 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 83% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Turkey

After four years of decline, overseas shipments of iron or steel hot-worked helical springs increased by 50% to X tons in 2021. Over the period under review, exports, however, saw a deep slump. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Overall, exports, however, showed a pronounced slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), the United States (X tons) and Georgia (X tons) were the main destinations of metal hot-worked helical spring exports from Turkey, with a combined 30% share of total exports. These countries were followed by Romania, Serbia, the United Arab Emirates, Germany, France, Moldova, Bulgaria, Morocco, Poland and Italy, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +76.9%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for iron or steel hot-worked helical springs exports from Turkey, comprising 15% of total exports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total exports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.9% per year) and Germany (+9.1% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, rising by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Turkey

In 2021, overseas purchases of iron or steel hot-worked helical springs were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.4% against 2016 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 56%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and China (X tons) were the main suppliers of metal hot-worked helical spring imports to Turkey, together comprising 61% of total imports. These countries were followed by Romania, the United States, South Korea, Spain, Russia, France, Italy, Hungary, Slovakia and Japan, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +123.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Turkey, comprising 44% of total imports. The second position in the ranking was taken by Poland ($X), with a 9.3% share of total imports. It was followed by Romania, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+37.2% per year) and Romania (+100.4% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, surging by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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