Turkey: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Turkey

In 2021, after two years of growth, there was significant decline in the Turkish multiple-walled insulating glass unit market, when its value decreased by -6.4% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Multiple-Walled Insulating Units Of Glass in Turkey

In value terms, multiple-walled insulating glass unit production contracted slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Turkey

For the sixth consecutive year, Turkey recorded growth in shipments abroad of multiple-walled insulating units of glass, which increased by 31% to X square meters in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +120.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X square meters) was the main destination for multiple-walled insulating glass unit exports from Turkey, accounting for a 30% share of total exports. Moreover, multiple-walled insulating glass unit exports to Israel exceeded the volume sent to the second major destination, France (X square meters), fourfold. Iraq (X square meters) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel stood at +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.7% per year) and Iraq (+3.8% per year).

In value terms, Israel ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Turkey, comprising 31% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.6% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Israel totaled +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+72.3% per year) and France (+17.7% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, which is down by -4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 19%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Georgia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Turkey

Multiple-walled insulating glass unit imports into Turkey surged to X square meters in 2021, with an increase of 27% compared with 2020 figures. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 313%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, multiple-walled insulating glass unit imports declined remarkably to $X in 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 295%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Iran (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Turkey, with a 74% share of total imports. Moreover, multiple-walled insulating glass unit imports from Iran exceeded the figures recorded by the second-largest supplier, Romania (X square meters), sevenfold. The third position in this ranking was taken by Italy (X square meters), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at +305.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+173.5% per year) and Italy (+18.6% per year).

In value terms, the largest multiple-walled insulating glass unit suppliers to Turkey were Romania ($X), Iran ($X) and Italy ($X), with a combined 58% share of total imports.

Among the main suppliers, Romania, with a CAGR of +158.6%, 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 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, shrinking by -65% against the previous year. In general, the import price showed a pronounced decrease. The growth pace was the most rapid in 2013 an increase of 139%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average 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 ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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