Turkey: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Turkey

The Turkish metal welded link chain market shrank modestly to $X in 2021, with a decrease of -1.7% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Turkey

In value terms, metal welded link chain production contracted to $X in 2021 estimated in export price. In general, production posted a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 75%. Metal welded link chain production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Turkey

In 2021, the amount of welded link chain of iron or steel exported from Turkey surged to X tons, rising by 69% on the year before. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 115%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal welded link chain exports skyrocketed to $X in 2021. Over the period under review, exports recorded a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Germany (X tons) and Greece (X tons) were the main destinations of metal welded link chain exports from Turkey, with a combined 40% share of total exports. These countries were followed by Moldova, Georgia, Croatia, Italy, Ukraine, the Netherlands, Serbia, Uzbekistan, Portugal and Spain, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +149.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal welded link chain exported from Turkey were Romania ($X), Germany ($X) and Greece ($X), together accounting for 38% of total exports. Italy, Moldova, Georgia, Serbia, Croatia, the Netherlands, Ukraine, Uzbekistan, Portugal and Spain lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Croatia, with a CAGR of +134.8%, 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

In 2021, the average metal welded link chain export price amounted to $X per ton, increasing by 32% against the previous year. In general, the export price, however, saw a slight curtailment. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Turkey

In 2021, supplies from abroad of welded link chain of iron or steel increased by 67% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.3% against 2019 indices. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal welded link chain imports surged to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of metal welded link chain imports to Turkey, together comprising 72% of total imports. The Czech Republic, Italy, Greece, the Netherlands and Austria lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +77.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) were the largest metal welded link chain suppliers to Turkey, together accounting for 70% of total imports. These countries were followed by the Czech Republic, Italy, the Netherlands, Austria and Greece, which together accounted for a further 24%.

The Netherlands, with a CAGR of +86.0%, saw the highest growth rate of the value of imports, among 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 metal welded link chain import price stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :