Price for Cermets; Articles Thereof, Including Waste and Scrap in Turkey - 2024

Contents:

1. Price for Cermets; Articles Thereof, Including Waste and Scrap in Turkey (CIF) - 2024
2. Price for Cermets; Articles Thereof, Including Waste and Scrap in Turkey (FOB) - 2022
3. Imports of Cermets; Articles Thereof, Including Waste and Scrap in Turkey
4. Exports of Cermets; Articles Thereof, Including Waste and Scrap in Turkey

Price for Cermets; Articles Thereof, Including Waste and Scrap in Turkey (CIF) - 2024

In May 2024, the average import price for cermets; articles thereof, including waste and scrap amounted to $80,542 per ton, shrinking by -1.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 42% m-o-m. As a result, import price attained the peak level of $105K per ton. From October 2023 to May 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was the United States ($165K per ton), while the price for China ($65,844 per ton) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cermets; Articles Thereof, Including Waste and Scrap in Turkey (FOB) - 2022

In 2022, the average export price for cermets; articles thereof, including waste and scrap amounted to $65,528 per ton, increasing by 4.6% against the previous year. Overall, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 75%. As a result, the export price reached the peak level of $141,270 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($329,357 per ton), while the average price for exports to Yemen ($39,747 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cermets; Articles Thereof, Including Waste and Scrap in Turkey

In 2022, approx. 272 tons of cermets; articles thereof, including waste and scrap were imported into Turkey; with a decrease of -4.2% on the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of 284 tons, and then shrank slightly in the following year.

In value terms, imports of cermets; articles thereof, including waste and scrap amounted to $23M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Cermets; Articles Thereof, Including Waste and Scrap to Turkey in 2022:

1. China (171.5 tons)
2. Germany (38.2 tons)
3. Austria (36.5 tons)
4. Italy (10.9 tons)
5. United States (9.2 tons)
6. Switzerland (2.5 tons)

Exports of Cermets; Articles Thereof, Including Waste and Scrap in Turkey

In 2022, shipments abroad of cermets; articles thereof, including waste and scrap decreased by -65.1% to 563 kg, falling for the second year in a row after two years of growth. In general, exports faced a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, the exports reached the peak of 2.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cermets; articles thereof, including waste and scrap shrank remarkably to $37K in 2022. Over the period under review, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year.

Top Export Markets for Cermets; Articles Thereof, Including Waste and Scrap from Turkey in 2022:

1. Yemen (194.0 kg)
2. Italy (175.0 kg)
3. Russia (127.0 kg)
4. Germany (43.0 kg)
5. Netherlands (14.0 kg)
6. Austria (1.0 kg)

Source: IndexBox Market Intelligence Platform