Turkey: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Turkey

In 2021, the Turkish rubber-to-metal and moulded article market decreased by -42.9% to $X, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Rubber-to-Metal and Moulded Articles in Turkey

In value terms, rubber-to-metal and moulded article production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 102% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Turkey

In 2021, the amount of rubber-to-metal and moulded articles exported from Turkey expanded significantly to X tons, with an increase of 11% on the previous year's figure. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Turkey, with a 28% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+4.8% per year) and Poland (+5.1% per year).

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Turkey, comprising 29% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 9.2% share of total exports. It was followed by Italy, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+7.6% per year) and Italy (+13.6% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, picking up by 4.6% against the previous year. In general, the export price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 6.8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Hungary ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bulgaria (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Turkey

In 2021, the amount of rubber-to-metal and moulded articles imported into Turkey rose significantly to X tons, surging by 11% on 2020 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 16%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Turkey, with a combined 38% share of total imports. These countries were followed by Thailand, India, the Czech Republic, Romania, Poland, Spain, Slovakia, the UK, Serbia and France, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Turkey were Germany ($X), Italy ($X) and China ($X), together accounting for 35% of total imports. Romania, the Czech Republic, the UK, India, Thailand, Poland, France, Serbia, Spain and Slovakia lagged somewhat behind, together accounting for a further 46%.

The UK, with a CAGR of +24.2%, recorded the highest rates of growth with regard to 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 rubber-to-metal and moulded article import price stood at $X per ton in 2021, shrinking by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 7.7% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :