Turkey: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Turkey

The Turkish market for plastic hoses and hose fittings rose markedly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Turkey

In value terms, plastic hose and hose fitting production rose markedly to $X in 2023 estimated in export price. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Turkey

In 2023, shipments abroad of plastic hoses and hose fittings decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports amounted to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for plastic hose and hose fitting exports from Turkey, accounting for a X% share of total exports. Moreover, plastic hose and hose fitting exports to Iraq exceeded the volume sent to the second major destination, Morocco (X tons), threefold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Syrian Arab Republic (X% per year).

In value terms, Germany ($X), Iraq ($X) and Spain ($X) constituted the largest markets for plastic hose and hose fitting exported from Turkey worldwide, together comprising X% of total exports. Morocco, France, Italy, Romania, Ukraine, Syrian Arab Republic, Turkmenistan, Algeria, Georgia and Libya lagged somewhat behind, together accounting for a further X%.

Syrian Arab Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for plastic hoses and hose fittings amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Turkey

In 2023, imports of plastic hoses and hose fittings into Turkey dropped slightly to X tons, standing approx. at the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, plastic hose and hose fitting imports dropped slightly to $X in 2023. In general, total imports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2023, Italy (X tons) constituted the largest plastic hose and hose fitting supplier to Turkey, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the largest plastic hose and hose fitting suppliers to Turkey were Italy ($X), Germany ($X) and China ($X), with a combined X% share of total imports. The Czech Republic, the United States, Spain, France, Poland, South Korea, Iran, India and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform