Turkey: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Turkey

In 2021, the Turkish concrete reinforcing wire rod market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption recorded a slight decrease. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Wire Rod Used For Concrete Reinforcing in Turkey

In value terms, concrete reinforcing wire rod production contracted to $X in 2021 estimated in export price. In general, production, however, showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Turkey

In 2021, concrete reinforcing wire rod exports from Turkey rose notably to X tons, increasing by X% compared with 2020 figures. Over the period under review, exports posted measured growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, concrete reinforcing wire rod exports skyrocketed to $X in 2021. In general, exports enjoyed a noticeable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Israel (X tons), the Netherlands (X tons) and Brazil (X tons) were the main destinations of concrete reinforcing wire rod exports from Turkey, with a combined X% share of total exports.

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

In value terms, Israel ($X), the Netherlands ($X) and Brazil ($X) appeared to be the largest markets for concrete reinforcing wire rod exported from Turkey worldwide, together accounting for X% of total exports.

The Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average concrete reinforcing wire rod export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 overseas markets. In 2021, the countries with the highest prices were Australia ($X per ton) and Belgium ($X per ton), while the average price for exports to Haiti ($X per ton) and the Netherlands ($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 Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Turkey

In 2021, concrete reinforcing wire rod imports into Turkey soared to X tons, rising by X% on 2020. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, concrete reinforcing wire rod imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of concrete reinforcing wire rod imports to Turkey, together accounting for X% of total imports. These countries were followed by Japan, Bosnia and Herzegovina, the UK and Ukraine, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing wire rod suppliers to Turkey were Spain ($X), Russia ($X) and Germany ($X), with a combined X% share of total imports. Japan, the UK, Bosnia and Herzegovina and Ukraine lagged somewhat behind, together comprising a further X and Herzegovina, with a CAGR of +X%, 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 concrete reinforcing wire rod import price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the price for Russia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform