Turkey: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Turkey

The Turkish metal-reinforced rubber hose market fell sharply to $X in 2022, with a decrease of -24.9% against the previous year. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Turkey

In value terms, metal-reinforced rubber hose production shrank markedly to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 367% against the previous year. Metal-reinforced rubber hose production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Turkey

In 2022, metal-reinforced rubber hose exports from Turkey fell to X tons, with a decrease of -13.2% against 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports shrank to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Poland (X tons) were the main destinations of metal-reinforced rubber hose exports from Turkey, with a combined 59% share of total exports. Italy, China, Russia, South Africa, Austria, Spain, the Czech Republic, France and Sweden lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Turkey were Germany ($X), the United States ($X) and Poland ($X), together comprising 61% of total exports. Italy, Russia, South Africa, China, Austria, the Czech Republic, Spain, France and Sweden lagged somewhat behind, together accounting for a further 24%.

The Czech Republic, with a CAGR of +43.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, surging by 4.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Turkey

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 1.6% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +38.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports expanded significantly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 39% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of metal-reinforced rubber hose imports to Turkey, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Poland ($X) were the largest metal-reinforced rubber hose suppliers to Turkey, with a combined 74% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +27.1%, recorded the highest growth rate of 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-reinforced rubber hose import price stood at $X per ton in 2022, picking up by 8.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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