Turkey: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Turkey

In 2022, the Turkish metal domestic furniture market decreased by X% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption continues to indicate a perceptible contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Metal Domestic Furniture Production in Turkey

In value terms, metal domestic furniture production reduced notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Turkey

In 2022, overseas shipments of metal furniture decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, metal domestic furniture exports reached $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Iraq (X tons) and France (X tons) were the main destinations of metal domestic furniture exports from Turkey, with a combined X% share of total exports. Israel, the United States, Romania, the UK, the Netherlands, Libya, Spain, Azerbaijan, Bulgaria and Morocco lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Iraq ($X) and France ($X) constituted the largest markets for metal domestic furniture exported from Turkey worldwide, together comprising X% of total exports. The United States, Israel, the Netherlands, the UK, Romania, Libya, Spain, Morocco, Bulgaria and Azerbaijan lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average metal domestic furniture export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced a decline.

Metal Domestic Furniture Imports

Imports into Turkey

In 2022, after two years of growth, there was significant decline in overseas purchases of metal furniture, when their volume decreased by X% to X tons. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal domestic furniture imports dropped to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal domestic furniture to Turkey, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: Malaysia (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Turkey, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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