Turkey: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Turkey

After three years of decline, the Turkish market for tubes, pipes and hollow profiles (of iron or steel) increased by 55% to $X in 2021. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Turkey

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021 estimated in export price. Overall, production showed a buoyant increase. Production of peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Turkey

In 2021, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), the UK (X tons) and Iraq (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Turkey, together comprising 38% of total exports. These countries were followed by Belgium, Israel, Italy, Germany, the United States, Canada, Ireland, Georgia, Egypt and Spain, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +21.2%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the UK ($X) and Iraq ($X) appeared to be the largest markets for iron or steel pipe and tube exported from Turkey worldwide, together comprising 34% of total exports. Belgium, Israel, Germany, Italy, the United States, Canada, Georgia, Egypt, Ireland and Spain lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Canada, with a CAGR of +24.6%, saw 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 export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, with an increase of 46% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Egypt ($X per ton) and Germany ($X per ton), while the average price for exports to Ireland ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Turkey

In 2021, purchases abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 25% to X tons for the first time since 2015, thus ending a five-year declining trend. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Turkey, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest iron or steel pipe and tube suppliers to Turkey, together accounting for 53% of total imports. Russia, Ukraine, Romania, Slovakia and Austria lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Russia, with a CAGR of +11.2%, saw 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 import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, surging by 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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