Turkey: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Turkey

The Turkish articles of zinc market reduced to $X in 2023, waning by X% against the previous year. In general, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Articles Of Zinc Production in Turkey

In value terms, articles of zinc production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Articles of zinc production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Articles Of Zinc Exports

Exports from Turkey

In 2023, the amount of articles of zinc exported from Turkey shrank to X tons, waning by X% against the year before. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, articles of zinc exports dropped slightly to $X in 2023. Overall, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Iraq (X tons) and Algeria (X tons) were the main destinations of articles of zinc exports from Turkey, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for articles of zinc exported from Turkey were the UK ($X), Iraq ($X) and Germany ($X), with a combined X% share of total exports. Algeria, Russia, the United States, France, the United Arab Emirates, Egypt, Bulgaria, Spain, Morocco and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Algeria, with a CAGR of X%, 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 articles of zinc export price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price saw strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bulgaria ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Turkey

In 2023, approx. X tons of articles of zinc were imported into Turkey; with an increase of X% against the previous year's figure. In general, total imports indicated strong growth from 2012 to 2023: its volume 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 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, articles of zinc imports soared to $X in 2023. Over the period under review, total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), Italy (X tons) and China (X tons) were the main suppliers of articles of zinc imports to Turkey, together comprising X% of total imports. Sweden, Peru, Estonia, Germany and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of zinc suppliers to Turkey were Spain ($X), Italy ($X) and China ($X), with a combined X% share of total imports. Sweden, Germany, Bosnia and Herzegovina, Peru and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded 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 articles of zinc import price stood at $X per ton in 2023, increasing 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 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform