Turkey: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Turkey

After two years of decline, the Turkish stainless steel household articles market increased by 309% to $X in 2022. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Turkey

In value terms, stainless steel household articles production fell markedly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 85%. Stainless steel household articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Turkey

In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel decreased by -15.5% to X units for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +30.2% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 25%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced notably in the following year.

In value terms, stainless steel household articles exports reduced modestly to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +47.6% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

Egypt (X units) was the main destination for stainless steel household articles exports from Turkey, accounting for a 20% share of total exports. Moreover, stainless steel household articles exports to Egypt exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Libya (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.1% per year) and Libya (+2.4% per year).

In value terms, Egypt ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Turkey, comprising 19% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of total exports. It was followed by Italy, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.0% per year) and Italy (+13.8% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, rising by 15% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Turkey

In value terms, stainless steel household articles imports soared to $X in 2022. In general, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Turkey, accounting for a 59% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. India (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and India (+1.4% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Turkey, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by France, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and France (-10.7% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, growing by 8.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 30%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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