Turkey: Moulds For Metal Market 2024

Moulds For Metal Market Size in Turkey

In 2022, the Turkish moulds for metal market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Turkey

In value terms, moulds for metal production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in shipments abroad of moulds for metals, when their volume decreased by -16.4% to X tons. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, moulds for metal exports declined to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Romania (X tons) were the main destinations of moulds for metal exports from Turkey, together comprising 47% of total exports. Russia, Iran, the United States, Iraq, Ireland, France, the Netherlands, Denmark, Algeria and Serbia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +77.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for moulds for metals exports from Turkey, comprising 23% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.7% share of total exports. It was followed by Russia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.8% per year) and Russia (+2.0% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, picking up by 9.2% against the previous year. Over the period under review, the export price recorded mild growth. The most prominent rate of growth was recorded in 2013 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Iraq ($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 Romania (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Turkey

In 2022, the amount of moulds for metals imported into Turkey soared to X tons, increasing by 21% on the previous year's figure. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 93%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, moulds for metal imports rose to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 86%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Algeria (X tons) and Italy (X tons) were the main suppliers of moulds for metal imports to Turkey, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +3,394.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest moulds for metal suppliers to Turkey were China ($X), Italy ($X) and Germany ($X), together comprising 77% of total imports. Japan, Romania, Algeria, South Korea, Spain and Iran lagged somewhat behind, together accounting for a further 6.3%.

Algeria, with a CAGR of +943.2%, recorded 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 mixed trend patterns.

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, declining by -15.2% against the previous year. Over the period under review, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform