Turkey: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Turkey

In 2022, the Turkish plastic ornamental articles market was finally on the rise to reach $X for the first time since 2014, thus ending a seven-year declining trend. In general, consumption, however, showed a dramatic descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Ornamental Articles Production in Turkey

In value terms, plastic ornamental articles production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 49%. Plastic ornamental articles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Turkey

In 2022, exports of statuettes and other ornamental articles of plastic from Turkey amounted to X tons, surging by 4.9% compared with the year before. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 474% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic ornamental articles exports reached $X in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 295% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X tons), the United States (X tons) and Saudi Arabia (X tons) were the main destinations of plastic ornamental articles exports from Turkey, with a combined 22% share of total exports. Germany, Iraq, Qatar, Kazakhstan, Libya, Greece, the UK, North Macedonia, France and Romania lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +57.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Israel ($X) and Qatar ($X) constituted the largest markets for plastic ornamental articles exported from Turkey worldwide, with a combined 22% share of total exports.

Among the main countries of destination, Qatar, with a CAGR of +51.6%, 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 plastic ornamental articles export price stood at $X per ton in 2022, growing by 5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 26%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Greece (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Turkey

In 2022, supplies from abroad of statuettes and other ornamental articles of plastic increased by 22% to X tons for the first time since 2013, thus ending a eight-year declining trend. Over the period under review, imports, however, saw a deep slump. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plastic ornamental articles imports surged to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Turkey, with a 87% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.0% per year) and the Czech Republic (+118.8% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Turkey, comprising 87% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 3.2% share of total imports. It was followed by Italy, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+118.3% per year) and Italy (+5.3% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, surging by 4.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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