Turkey: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Turkey

After nine years of growth, the Turkish market for drawn glass and blown glass decreased by -0.5% to $X in 2021. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.0% against 2012 indices. Drawn glass and blown glass consumption peaked at $X in 2020, and then shrank modestly in the following year.

Production of Drawn Glass And Blown Glass in Turkey

In value terms, drawn glass and blown glass production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.4% against 2012 indices. The growth pace was the most rapid in 2019 when the production volume increased by 8.2% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Exports of Drawn Glass And Blown Glass

Exports from Turkey

In 2021, the amount of drawn glass and blown glass exported from Turkey reduced notably to X square meters, shrinking by -58.7% on the year before. Overall, exports recorded a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports reduced remarkably to $X in 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 57% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X square meters), Israel (X square meters) and the United States (X square meters) were the main destinations of drawn glass and blown glass exports from Turkey, together accounting for 51% 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 United States (with a CAGR of +196.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bulgaria ($X) and Cameroon ($X) constituted the largest markets for drawn glass and blown glass exported from Turkey worldwide, with a combined 43% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +149.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, rising by 12% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 23% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Turkey

Drawn glass and blown glass imports into Turkey soared to X square meters in 2021, increasing by 39% against 2020. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports soared to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X square meters) constituted the largest supplier of drawn glass and blown glass to Turkey, accounting for a 81% share of total imports. Moreover, drawn glass and blown glass imports from Russia exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. The third position in this ranking was held by Iran (X square meters), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +126.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.7% per year) and Iran (+34.4% per year).

In value terms, Russia ($X) constituted the largest supplier of drawn glass and blown glass to Turkey, comprising 70% of total imports. The second position in the ranking was held by Iran ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+68.5% per year) and the Czech Republic (+45.9% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, rising by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 41%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :