Turkey: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Turkey

In 2021, the Turkish market for iron or steel flat spiral or discs springs was finally on the rise to reach $X after three years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Turkey

In value terms, metal spiral or discs spring production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 77% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Turkey

After four years of decline, shipments abroad of iron or steel flat spiral or discs springs increased by 52% to X tons in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports surged to $X in 2021. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for metal spiral or discs spring exports from Turkey, with a 20% share of total exports. Moreover, metal spiral or discs spring exports to Romania exceeded the volume sent to the second major destination, Israel (X tons), twofold. Morocco (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+13.0% per year) and Morocco (+56.5% per year).

In value terms, Israel ($X), Germany ($X) and Romania ($X) were the largest markets for metal spiral or discs spring exported from Turkey worldwide, together accounting for 34% of total exports. These countries were followed by the United States, Morocco, the United Arab Emirates, Poland, Egypt, Tunisia, Russia, Italy, the UK and Iraq, which together accounted for a further 42%.

The United States, with a CAGR of +74.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for iron or steel flat spiral or discs springs amounted to $X per ton, increasing by 8.1% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring export price increased by +117.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 46%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 the UK (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Turkey

In 2021, overseas purchases of iron or steel flat spiral or discs springs increased by 11% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 34%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Italy (X tons) and China (X tons) were the main suppliers of metal spiral or discs spring imports to Turkey, with a combined 60% share of total imports. These countries were followed by Germany, the Czech Republic, Bulgaria, Spain, India, France, Japan and Croatia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +154.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spiral or discs spring suppliers to Turkey were Germany ($X), Italy ($X) and China ($X), together accounting for 57% of total imports. These countries were followed by the Czech Republic, Poland, France, Spain, India, Bulgaria, Japan and Croatia, which together accounted for a further 29%.

Bulgaria, with a CAGR of +98.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, picking up by 4.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 38%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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