Turkey: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Turkey

The Turkish metal pickling preparations market shrank to $X in 2021, dropping by -2.7% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.1% against 2012 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell modestly in the following year.

Metal Pickling Preparations Production in Turkey

In value terms, metal pickling preparations production declined modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.2% against 2012 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Metal Pickling Preparations Exports

Exports from Turkey

In 2021, approx. X tons of pickling preparations for metal surfaces were exported from Turkey; with an increase of 137% compared with 2020 figures. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations exports soared to $X in 2021. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons), the United Arab Emirates (X tons) and Iraq (X tons) were the main destinations of metal pickling preparations exports from Turkey, together comprising 62% of total exports. Iran, Uzbekistan, Azerbaijan, Slovakia, the UK, Pakistan, Albania, Saudi Arabia and Indonesia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +250.8%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) emerged as the key foreign market for pickling preparations for metal surfaces exports from Turkey, comprising 16% of total exports. The second position in the ranking was taken by Iran ($X), with a 6% share of total exports. It was followed by the United Arab Emirates, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+16.5% per year) and the United Arab Emirates (+1.0% per year).

Export Prices by Country

The average metal pickling preparations export price stood at $X per ton in 2021, shrinking by -14.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2016 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Indonesia (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Turkey

In 2021, approx. X tons of pickling preparations for metal surfaces were imported into Turkey; with an increase of 40% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 43%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of metal pickling preparations imports to Turkey, together accounting for 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Poland ($X) appeared to be the largest metal pickling preparations suppliers to Turkey, with a combined 51% share of total imports. China, France, Italy, South Korea and the United States lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, South Korea, with a CAGR of +28.1%, recorded 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

The average metal pickling preparations import price stood at $X per ton in 2021, growing by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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