Turkey: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Turkey

In 2022, the Turkish mill rolling roll market decreased by -13.8% to $X, falling for the second consecutive year after five years of growth. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mill Rolling Roll Production in Turkey

In value terms, mill rolling roll production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with a decrease of 99.9%. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in the near future.

Mill Rolling Roll Exports

Exports from Turkey

In 2022, the amount of rolls for rolling mills exported from Turkey surged to X units, picking up by 124% on the previous year's figure. In general, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mill rolling roll exports surged to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for mill rolling roll exports from Turkey, with a 37% share of total exports. Moreover, mill rolling roll exports to the United States exceeded the volume sent to the second major destination, Egypt (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+5.1% per year) and Germany (+19.8% per year).

In value terms, the United States ($X) remains the key foreign market for rolls for rolling mills exports from Turkey, comprising 37% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9.4% share of total exports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-2.3% per year) and Germany (+11.5% per year).

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, falling by -40.5% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 12%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per unit) and Iraq ($X per unit), while the average price for exports to the United States ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-6.5%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Turkey

In 2022, the amount of rolls for rolling mills imported into Turkey soared to X units, increasing by 52% on the year before. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mill rolling roll imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +116.8% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest mill rolling roll supplier to Turkey, with a 38% share of total imports. Moreover, mill rolling roll imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.4% per year) and Italy (+25.0% per year).

In value terms, China ($X) constituted the largest supplier of rolls for rolling mills to Turkey, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and Italy (+16.2% per year).

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2022, declining by -26.2% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2017 a decrease of -2.6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Germany ($X per unit), while the price for Japan ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :