Price for Chain and Parts Thereof, of Iron or Steel in Turkey - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Turkey (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Turkey (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Turkey
- Exports of Chain and Parts Thereof, of Iron or Steel in Turkey
Price for Chain and Parts Thereof, of Iron or Steel in Turkey (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $5,427 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 an increase of 17%. As a result, import price reached the peak level of $5,877 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($18,102 per ton), while the price for Spain ($3,172 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Turkey (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $3,029 per ton, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($6,188 per ton), while the average price for exports to Tunisia ($1,668 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 Liberia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Turkey
In 2022, the amount of chain and parts thereof, of iron or steel imported into Turkey was estimated at 13K tons, growing by 13% on the year before. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.3% 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 +78.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of chain and parts thereof, of iron or steel reached $72M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 16.2 | 22.6 | 27.6 | 29.5% |
| Germany | 8.5 | 9.1 | 12.5 | 16.4 | 24.5% |
| Italy | 4.3 | 7.1 | 8.5 | 7.4 | 19.8% |
| India | 1.7 | 1.2 | 1.2 | 2.5 | 13.7% |
| Netherlands | 1.2 | 2.3 | 1.9 | 1.5 | 7.7% |
| Czech Republic | 0.5 | 0.9 | 2.0 | 1.4 | 40.9% |
| Poland | 0.6 | 0.6 | 1.3 | 1.2 | 26.0% |
| Spain | 0.4 | 0.1 | 0.6 | 1.1 | 40.1% |
| France | 0.6 | 0.9 | 1.1 | 1.0 | 18.6% |
| Thailand | 1.5 | 1.2 | 1.2 | 0.9 | -15.7% |
| Vietnam | 0.2 | 0.7 | 1.4 | 0.5 | 35.7% |
| Others | 7.0 | 7.3 | 8.8 | 10.1 | 13.0% |
| Total | 38.9 | 47.6 | 63.0 | 71.8 | 22.7% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Turkey in 2022:
- China (8.2K tons)
- Germany (1.2K tons)
- India (0.6K tons)
- Italy (0.4K tons)
- Czech Republic (0.3K tons)
- Spain (0.3K tons)
- Netherlands (0.2K tons)
- Poland (0.2K tons)
- France (0.2K tons)
- Vietnam (0.2K tons)
- Thailand (0.2K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Turkey
In 2022, the amount of chain and parts thereof, of iron or steel exported from Turkey skyrocketed to 13K tons, jumping by 17% against the year before. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of chain and parts thereof, of iron or steel soared to $39M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 39% 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.
| Export of Chain and Parts Thereof, of Iron or Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 3.8 | 5.1 | 6.8 | 15.6% |
| France | 1.6 | 1.7 | 1.8 | 3.4 | 28.6% |
| United States | 1.2 | 0.1 | 1.4 | 2.8 | 32.6% |
| Russia | 0.9 | 0.8 | 0.8 | 2.8 | 46.0% |
| Romania | 1.2 | 1.2 | 2.1 | 1.6 | 10.1% |
| Italy | 1.1 | 1.0 | 1.5 | 1.6 | 13.3% |
| Poland | 0.3 | 0.5 | 0.8 | 1.4 | 67.1% |
| Greece | 0.3 | 0.3 | 0.8 | 1.3 | 63.0% |
| Spain | 0.4 | 0.4 | 1.0 | 1.1 | 40.1% |
| Serbia | 0.3 | 1.0 | 0.7 | 0.8 | 38.7% |
| Liberia | N/A | 0.1 | 0.3 | 0.7 | 164.6% |
| Bulgaria | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Tunisia | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Others | 10.4 | 10.0 | 12.9 | 14.3 | 11.2% |
| Total | 22.6 | 21.5 | 29.9 | 39.4 | 20.4% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Turkey in 2022:
- Germany (2358.2 tons)
- France (1291.4 tons)
- United States (851.7 tons)
- Greece (704.6 tons)
- Romania (674.8 tons)
- Poland (644.8 tons)
- Russia (489.4 tons)
- Spain (404.3 tons)
- Italy (255.3 tons)
- Serbia (251.8 tons)
- Liberia (250.1 tons)
- Tunisia (242.0 tons)
- Bulgaria (241.8 tons)
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