Price for Iron or Steel; Cast Articles in Turkey - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Turkey (FOB) - 2023
- Price for Iron or Steel; Cast Articles in Turkey (CIF) - 2023
- Exports of Iron or Steel; Cast Articles in Turkey
- Imports of Iron or Steel; Cast Articles in Turkey
Price for Iron or Steel; Cast Articles in Turkey (FOB) - 2023
The average export price for iron or steel; cast articleses stood at $2,239 per ton in July 2023, picking up by 1.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $2,553 per ton. From March 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($3,955 per ton), while the average price for exports to Romania ($1,206 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Turkey (CIF) - 2023
In July 2023, the average import price for iron or steel; cast articleses amounted to $1,902 per ton, with a decrease of -29.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 52% against the previous month. As a result, import price reached the peak level of $2,702 per ton, and then reduced remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($18,853 per ton), while the price for Iran ($973 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Cast Articles in Turkey
Iron or steel; cast articles exports from Turkey amounted to 199K tons in 2022, surging by 7.4% on the year before. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, iron or steel; cast articles exports surged to $412M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +55.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Cast Articles in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 61.5 | 55.1 | 68.3 | 85.2 | 11.5% |
| Italy | 38.9 | 39.5 | 36.7 | 55.6 | 12.6% |
| United Kingdom | 40.1 | 31.4 | 48.2 | 51.9 | 9.0% |
| Morocco | 13.8 | 11.2 | 18.5 | 19.5 | 12.2% |
| Netherlands | 9.2 | 8.7 | 12.6 | 14.1 | 15.3% |
| Austria | 10.6 | 7.7 | 9.9 | 12.6 | 5.9% |
| Spain | 8.6 | 9.7 | 9.7 | 11.7 | 10.8% |
| France | 8.3 | 7.6 | 10.0 | 11.4 | 11.2% |
| Hungary | 4.6 | 4.2 | 7.0 | 11.4 | 35.3% |
| Romania | 9.1 | 9.5 | 11.0 | 11.0 | 6.5% |
| Poland | 5.0 | 6.0 | 7.1 | 8.3 | 18.4% |
| Bulgaria | 4.1 | 4.6 | 6.1 | 7.4 | 21.8% |
| Israel | 2.4 | 4.4 | 5.3 | 5.8 | 34.2% |
| Others | 65.9 | 65.1 | 78.2 | 106 | 17.2% |
| Total | 282 | 265 | 329 | 412 | 13.5% |
Top Export Markets for Iron or Steel; Cast Articles from Turkey in 2022:
- Italy (34.2K tons)
- United Kingdom (33.8K tons)
- Germany (26.4K tons)
- Morocco (13.1K tons)
- Romania (8.2K tons)
- Austria (5.6K tons)
- Spain (4.9K tons)
- Netherlands (4.8K tons)
- Poland (4.8K tons)
- Israel (4.3K tons)
- Hungary (4.3K tons)
- France (4.0K tons)
- Bulgaria (3.7K tons)
Imports of Iron or Steel; Cast Articles in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of iron or steel; cast articleses, which increased by 279% to 43K tons in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel; cast articles imports soared to $141M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.3 | 0.9 | 3.0 | 11.3 | 235.2% |
| Thailand | 3.4 | 3.3 | 4.0 | 7.1 | 27.8% |
| Germany | 2.2 | 1.5 | 2.6 | 3.4 | 15.6% |
| China | 1.1 | 1.0 | 1.8 | 3.3 | 44.2% |
| India | 0.6 | 0.6 | 0.6 | 2.0 | 49.4% |
| Egypt | N/A | 0.3 | 3.1 | 1.5 | 123.6% |
| Poland | N/A | 0.1 | 0.5 | 1.5 | 287.3% |
| South Africa | N/A | N/A | N/A | 1.4 | 0% |
| Others | 4.4 | 5.2 | 3.9 | 110 | 192.4% |
| Total | 12.1 | 13.0 | 19.6 | 141 | 126.7% |
Top Suppliers of Iron or Steel; Cast Articles to Turkey in 2022:
- Iran (9.2K tons)
- Thailand (3.8K tons)
- Egypt (1.2K tons)
- India (1.0K tons)
- South Africa (0.8K tons)
- China (0.8K tons)
- Germany (0.7K tons)
- Poland (0.3K tons)
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This report provides an in-depth analysis of the market for non-malleable cast iron articles in Turkey.
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