Turkey: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Turkey

The Turkish unwrought aluminium alloys market rose notably to $X in 2020, picking up by X% against the previous year. Overall, consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2018; afterwards, it flattened through to 2020.

Unwrought Aluminium Alloys Production in Turkey

In value terms, unwrought aluminium alloys production surged to $X in 2020 estimated in export prices. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Unwrought Aluminium Alloys Exports

Exports from Turkey

After ten years of growth, overseas shipments of unwrought aluminium alloys decreased by -X% to X tons in 2020. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tons in 2019, and then declined remarkably in the following year.

In value terms, unwrought aluminium alloys exports fell sharply to $X in 2020. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2019, and then fell sharply in the following year.

Exports by Country

Canada (X tons), China (X tons) and Bulgaria (X tons) were the main destinations of unwrought aluminium alloys exports from Turkey, with a combined X% share of total exports. These countries were followed by Italy, Israel, Greece, Cyprus, Serbia, Morocco, Japan and North Macedonia, which together accounted for a further X 2007 to 2020, the biggest increases were in Cyprus (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unwrought aluminium alloys exported from Turkey were Canada ($X), Bulgaria ($X) and Italy ($X), together accounting for X% of total exports. China, Greece, Israel, Cyprus, Morocco, Serbia, North Macedonia and Japan lagged somewhat behind, together accounting for a further X terms of the main countries of destination, China (+X% per year) saw the highest growth rate of 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

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price saw a perceptible decline. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Morocco ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Turkey

In 2020, supplies from abroad of unwrought aluminium alloys increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports fell slightly to $X in 2020. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), Qatar (X tons) and Bahrain (X tons) were the main suppliers of unwrought aluminium alloys imports to Turkey, together accounting for X% of total imports. These countries were followed by the United Arab Emirates, Malaysia, India and Vietnam, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought aluminium alloys suppliers to Turkey were Russia ($X), Qatar ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. These countries were followed by Bahrain, Malaysia, India and Vietnam, which together accounted for a further X the main suppliers, Vietnam (+X% per year) 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

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the United Arab Emirates ($X per ton) and Qatar ($X per ton), while the price for Bahrain ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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