Turkey: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Turkey

For the fifth year in a row, the Turkish metal link chain parts market recorded decline in sales value, which decreased by -8.4% to $X in 2021. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Turkey

In value terms, metal link chain parts production soared to $X in 2021 estimated in export price. In general, production showed a abrupt slump. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Turkey

In 2021, shipments abroad of iron or steel parts of articulated link chain increased by 142% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 369% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal link chain parts exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 306% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Liberia (X tons), France (X tons) and Egypt (X tons) were the main destinations of metal link chain parts exports from Turkey, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +6,063,100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), Italy ($X) and France ($X) constituted the largest markets for metal link chain parts exported from Turkey worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, Liberia, with a CAGR of +2,018,780.0%, 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 2021, the average metal link chain parts export price amounted to $X per ton, with a decrease of -10.6% against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Jordan ($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 Italy (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Turkey

In 2021, supplies from abroad of iron or steel parts of articulated link chain increased by 25% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 133% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 increased by +138.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 86%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain parts supplier to Turkey, accounting for a 56% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+35.1% per year) and Germany (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Turkey, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and Italy (+14.7% per year).

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, with an increase of 2.6% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts import price decreased by -23.2% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 75% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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