Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $10,539 per ton in 2022, declining by -7.9% against the previous year. Overall, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7.8% against the previous year. Over the period under review, average import prices hit record highs at $12,811 per ton in 2019; however, from 2020 to 2022, 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 France ($31,226 per ton), while the price for South Korea ($4,152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $5,703 per ton, rising by 6% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel; non-threaded cotters and cotter-pinses increased by +24.5% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $9,287 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($10,157 per ton), while the average price for exports to Egypt ($2,229 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 Azerbaijan (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses, which increased by 40% to 3K tons in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $31M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +76.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 4.9 | 5.8 | 7.5 | 10.2% |
| China | 2.3 | 2.5 | 3.4 | 5.2 | 31.2% |
| Italy | 2.2 | 2.3 | 3.3 | 3.9 | 21.0% |
| South Korea | 0.4 | 0.4 | 0.8 | 1.5 | 55.4% |
| India | 0.3 | 0.3 | 0.9 | 1.4 | 67.1% |
| Japan | 0.8 | 0.5 | 0.8 | 1.3 | 17.6% |
| Hungary | 0.3 | 0.5 | 1.0 | 1.1 | 54.2% |
| Sweden | 0.8 | 0.6 | 0.4 | 0.5 | -14.5% |
| Others | 5.3 | 5.6 | 7.9 | 8.9 | 18.9% |
| Total | 18.0 | 17.7 | 24.4 | 31.3 | 20.3% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Turkey in 2022:
- Germany (780.3 tons)
- China (626.1 tons)
- South Korea (351.1 tons)
- Italy (323.9 tons)
- Hungary (240.9 tons)
- India (211.2 tons)
- Japan (81.6 tons)
- Sweden (56.8 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Turkey rose notably to 2.6K tons, with an increase of 9.9% on the year before. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses surged to $15M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,139 | 3,268 | 5,039 | 5,332 | 8.8% |
| Russia | 515 | 338 | 607 | 1,543 | 44.2% |
| Netherlands | 332 | 304 | 610 | 790 | 33.5% |
| France | 286 | 308 | 555 | 497 | 20.2% |
| Italy | 271 | 130 | 254 | 375 | 11.4% |
| Ukraine | 337 | 349 | 499 | 313 | -2.4% |
| Romania | 830 | 486 | 524 | 245 | -33.4% |
| Kazakhstan | 157 | 185 | 197 | 221 | 12.1% |
| Azerbaijan | 82.8 | 116 | 195 | 213 | 37.0% |
| Algeria | 157 | 99.4 | 94.7 | 207 | 9.7% |
| Turkmenistan | 119 | 53.6 | 134 | 193 | 17.5% |
| Iraq | 215 | 188 | 124 | 164 | -8.6% |
| Egypt | 13.8 | 47.5 | 82.4 | 127 | 109.6% |
| Others | 3,672 | 3,931 | 3,956 | 4,771 | 9.1% |
| Total | 11,127 | 9,802 | 12,869 | 14,992 | 10.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Turkey in 2022:
- Germany (854.5 tons)
- Russia (465.9 tons)
- Italy (106.5 tons)
- Ukraine (88.9 tons)
- Netherlands (80.5 tons)
- Turkmenistan (74.3 tons)
- Romania (70.7 tons)
- Algeria (69.9 tons)
- Kazakhstan (68.5 tons)
- Iraq (62.4 tons)
- Egypt (57.1 tons)
- France (49.0 tons)
- Azerbaijan (45.5 tons)
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