Turkey: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Turkey

In 2022, the Turkish market for self-adhesive plastic tape in rolls of a width under 20cm decreased by -2.7% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, posted a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Turkey

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm reached $X in 2022 estimated in export price. Overall, production, however, saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 86% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Turkey

In 2022, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm increased by 26% to X tons, rising for the fourth year in a row after five years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Iraq (X tons) and Poland (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Turkey, with a combined 24% share of total exports. Egypt, Bulgaria, Israel, Spain, Italy, Georgia, Morocco, Azerbaijan, Syrian Arab Republic and Canada lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +90.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Iraq ($X) were the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Turkey worldwide, together comprising 24% of total exports. Egypt, Bulgaria, Canada, Spain, Italy, Israel, Georgia, Azerbaijan, Morocco and Syrian Arab Republic lagged somewhat behind, together accounting for a further 32%.

Canada, with a CAGR of +80.6%, saw 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 export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, dropping by -3.9% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 15%. Over the period under review, the average export prices hit record highs 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Russia (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Turkey

For the third consecutive year, Turkey recorded decline in purchases abroad of self-adhesive plastic tape in rolls of a width under 20cm, which decreased by -2.8% to X tons in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm expanded markedly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 11%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Turkey, accounting for a 47% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and Italy (-1.0% per year).

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Turkey were China ($X), Germany ($X) and the United States ($X), together comprising 56% of total imports. Italy, Belgium, South Korea, Japan, the UK, France, Thailand, Greece, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 36%.

South Korea, with a CAGR of +30.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, with an increase of 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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