Turkey: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Turkey

The Turkish market for plastic hoses and hose fittings contracted dramatically to $X in 2021, with a decrease of -49.5% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Plastic hose and hose fitting consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Turkey

In value terms, plastic hose and hose fitting production reduced slightly to $X in 2021 estimated in export price. Overall, production faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Turkey

In 2021, overseas shipments of plastic hoses and hose fittings increased by 72% to X tons, rising for the third year in a row after six years of decline. Overall, exports saw noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +109.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for plastic hose and hose fitting exports from Turkey, accounting for a 29% share of total exports. Moreover, plastic hose and hose fitting exports to Iraq exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.5% per year) and Spain (+28.4% per year).

In value terms, Iraq ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for plastic hose and hose fitting exported from Turkey worldwide, together accounting for 26% of total exports.

Among the main countries of destination, Spain, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, rising by 7.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Iraq ($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 Poland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Turkey

In 2021, after two years of decline, there was growth in purchases abroad of plastic hoses and hose fittings, when their volume increased by 0.3% to X tons. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.4% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 55%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports stood at $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 33% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of plastic hose and hose fitting imports to Turkey, with a combined 71% share of total imports. These countries were followed by the Czech Republic, the Netherlands, Spain, France, the United States, Poland, South Korea, Iran and India, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest plastic hose and hose fitting suppliers to Turkey, together accounting for 55% of total imports. These countries were followed by the Czech Republic, the United States, France, Poland, South Korea, Spain, the Netherlands, Iran and India, which together accounted for a further 31%.

In terms of the main suppliers, Iran, with a CAGR of +72.7%, 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 import price for plastic hoses and hose fittings amounted to $X per ton, growing by 2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 when the average import price increased by 25%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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