Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey - 2024
Contents:
- Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (CIF) - 2024
- Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (FOB) - 2024
- Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey
- Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey
Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (CIF) - 2024
The average import price for base metals clad with silver; not further worked than semi-manufactured stood at $109K per ton in March 2024, dropping by -13.8% against the previous month. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in January 2024 when the average import price increased by 401% against the previous month. As a result, import price attained the peak level of $715K per ton. From February 2024 to March 2024, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Germany ($119K per ton), while the price for India stood at $104K per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by India (+1.1%).
Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (FOB) - 2024
The average export price for base metals clad with silver; not further worked than semi-manufactured stood at $36,612 per ton in March 2024, growing by 13% against the previous month. Overall, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in May 2023 when the average export price increased by 1,114% against the previous month. As a result, the export price reached the peak level of $369K per ton. From June 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Germany ($44,751 per ton), while the average price for exports to Italy ($13,786 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey
In 2022, approx. 14 tons of base metals clad with silver; not further worked than semi-manufactured were imported into Turkey; with an increase of 19% compared with the previous year's figure. Over the period under review, imports, however, saw a pronounced slump.
In value terms, imports of base metals clad with silver; not further worked than semi-manufactured reached $1.7M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years.
| Import of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.6 | 1.7 | 1.5 | 1.5 | -2.1% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 1.7 | 1.5 | 1.7 | 2.0% |
Top Suppliers of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured to Turkey in 2022:
- Germany (11.9 tons)
- India (1.6 tons)
Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey
In 2022, the amount of base metals clad with silver; not further worked than semi-manufactured exported from Turkey soared to 2.1 tons, increasing by 37% compared with the year before. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 341% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of base metals clad with silver; not further worked than semi-manufactured skyrocketed to $69K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 424%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 0.5 | 18.0 | 38.3 | 237.1% |
| United States | N/A | 0.1 | 6.8 | 12.0 | 995.4% |
| Qatar | N/A | N/A | N/A | 6.2 | 0% |
| United Kingdom | 0.9 | 0.7 | 0.6 | 5.3 | 80.6% |
| Malaysia | N/A | N/A | N/A | 2.0 | 0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | N/A | N/A | 3.6 | N/A | 0% |
| Kuwait | 10.2 | N/A | 0.3 | N/A | -82.9% |
| Mauritania | N/A | 0.4 | N/A | N/A | 0% |
| Others | 27.3 | 6.7 | 14.3 | 4.7 | -44.4% |
| Total | 39.4 | 8.3 | 43.4 | 68.6 | 20.3% |
Top Export Markets for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured from Turkey in 2022:
- Germany (987.0 kg)
- Qatar (429.0 kg)
- United States (191.0 kg)
- Australia (156.0 kg)
- United Kingdom (149.0 kg)
- Malaysia (65.0 kg)
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