Turkey: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Turkey

The Turkish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers soared to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in years to come.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Turkey

In value terms, iron, steel or aluminium reservoir production rose slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Turkey

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Turkey shrank to X tons, waning by -X% against the previous year. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2019, and then dropped in the following year.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2019, and then fell in the following year.

Exports by Country

Italy (X tons), Iraq (X tons) and the UK (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Turkey, together accounting for X% of total exports. Germany, Israel, Sudan, Bangladesh, Algeria, Nigeria, Cote d'Ivoire, Hungary, Spain and Bulgaria lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Turkey were Germany ($X), Italy ($X) and the UK ($X), with a combined X% share of total exports. These countries were followed by Iraq, Israel, Algeria, Nigeria, Sudan, Bangladesh, Spain, Cote d'Ivoire, Hungary and Bulgaria, which together accounted for a further X the main countries of destination, Bangladesh (+X% per year) recorded the highest rates of growth with regard to 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 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, showed a mild setback. The growth pace was the most rapid in 2018 an increase of X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Turkey

Iron, steel or aluminium reservoir imports into Turkey soared to X tons in 2020, jumping by X% compared with the previous year's figure. In general, imports saw a notable expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2020. Over the period under review, total imports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Turkey, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Germany (+X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Turkey were China ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. Italy, South Korea, Russia, Poland, India, Portugal, Hungary, the United Arab Emirates and Spain lagged somewhat behind, together accounting for a further X the main suppliers, the United Arab Emirates saw 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

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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