Turkey: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Turkey

For the fourth year in a row, the Turkish iron and steel wire market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption enjoyed a remarkable increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in years to come.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Turkey

In value terms, iron and steel wire production expanded markedly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Iron and steel wire production peaked in 2020 and is expected to retain growth in years to come.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Turkey

In 2020, iron and steel wire exports from Turkey totaled X tons, surging by X% against 2019 figures. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, iron and steel wire exports fell to $X in 2020. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Morocco (X tons) and Spain (X tons) were the main destinations of iron and steel wire exports from Turkey, together accounting for X% of total exports. These countries were followed by the UK, Israel, Belgium, Poland, Portugal, Iraq, Romania, France, Guatemala and Bulgaria, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Morocco ($X) constituted the largest markets for iron and steel wire exported from Turkey worldwide, together comprising X% of total exports. These countries were followed by the UK, Israel, Portugal, Belgium, Poland, Romania, France, Iraq, Bulgaria and Guatemala, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price showed a slight curtailment. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2020, the highest prices were recorded for prices to the UK ($X per ton) and Portugal ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Turkey

In 2020, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) imported into Turkey contracted modestly to X tons, with a decrease of -X% on the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports declined modestly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

China (X tons), South Korea (X tons) and India (X tons) were the main suppliers of iron and steel wire imports to Turkey, together accounting for X% of total imports. These countries were followed by Slovakia, Belarus, Italy, Spain, Germany, the Czech Republic, Austria and Belgium, 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 Slovakia, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and South Korea ($X) constituted the largest iron and steel wire suppliers to Turkey, together comprising X% of total imports. Slovakia, Germany, Italy, Belarus, the Czech Republic, Spain, Belgium and Austria lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to 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

In 2020, the average iron and steel wire import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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