Turkey: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Turkey

The Turkish metal self-locking nut market declined notably to $X in 2021, falling by -16.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Metal self-locking nut consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Self-Locking Nut Production in Turkey

In value terms, metal self-locking nut production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Metal Self-Locking Nut Exports

Exports from Turkey

In 2021, metal self-locking nut exports from Turkey surged to X tons, increasing by 44% against the year before. Over the period under review, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut exports skyrocketed to $X in 2021. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal self-locking nut exports from Turkey, accounting for a 36% share of total exports. Moreover, metal self-locking nut exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. France (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+67.1% per year) and France (+23.7% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel nuts (including self-locking nuts) exports from Turkey, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 9.8% share of total exports. It was followed by France, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+47.5% per year) and France (+20.2% per year).

Export Prices by Country

In 2021, the average metal self-locking nut export price amounted to $X per ton, rising by 2.6% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2020 when the average export price increased by 4.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 Russia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Self-Locking Nut Imports

Imports into Turkey

In 2021, after three years of decline, there was significant growth in overseas purchases of iron or steel nuts (including self-locking nuts), when their volume increased by 19% to X tons. In general, imports, however, recorded a pronounced downturn. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal self-locking nut imports expanded rapidly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of metal self-locking nut imports to Turkey, together accounting for 57% of total imports. These countries were followed by Taiwan (Chinese), Malaysia, South Korea, the United States, Italy and France, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut suppliers to Turkey were Germany ($X), Japan ($X) and China ($X), together comprising 53% of total imports. Taiwan (Chinese), the United States, France, Italy, South Korea and Malaysia lagged somewhat behind, together comprising a further 37%.

Malaysia, with a CAGR of +44.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, falling by -4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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