Turkey: Metal Washer Market 2025

Metal Washer Market Size in Turkey

In 2021, the Turkish metal washer market increased by 43% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable decrease. Metal washer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Washer Production in Turkey

In value terms, metal washer production surged to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 200% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Washer Exports

Exports from Turkey

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel washers, when their volume increased by 39% to X tons. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports surged to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal washer exports from Turkey, accounting for a 57% share of total exports. Moreover, metal washer exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.8% per year) and the UK (+5.9% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel washers exports from Turkey, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 4.6% share of total exports. It was followed by the UK, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+23.6% per year) and the UK (+6.0% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, growing by 2.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Greece ($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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Turkey

In 2021, approx. X tons of iron or steel washers were imported into Turkey; dropping by -3.2% compared with the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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 +5.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal washer imports soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) constituted the largest metal washer supplier to Turkey, with a 30% share of total imports. Moreover, metal washer imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.1% per year) and China (-7.0% per year).

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and China ($X) appeared to be the largest metal washer suppliers to Turkey, with a combined 51% share of total imports. These countries were followed by Spain, Taiwan (Chinese), Italy, France and Vietnam, which together accounted for a further 22%.

Among the main suppliers, Vietnam, with a CAGR of +78.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, jumping by 27% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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