Turkey - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Turkey - 2023
Contents:
- Price for Forged Stainless Steel Bar in Turkey (CIF) - 2023
- Price for Forged Stainless Steel Bar in Turkey (FOB) - 2023
- Imports of Forged Stainless Steel Bar in Turkey
- Exports of Forged Stainless Steel Bar in Turkey
Price for Forged Stainless Steel Bar in Turkey (CIF) - 2023
In July 2023, the average forged stainless steel bar import price amounted to $14,893 per ton, falling by -34.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 109% m-o-m. As a result, import price reached the peak level of $22,880 per ton, and then shrank notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($30,475 per ton), while the price for China ($3,042 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 Italy (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Forged Stainless Steel Bar in Turkey (FOB) - 2023
In July 2023, the average forged stainless steel bar export price amounted to $6,329 per ton, reducing by -44.3% against the previous month. Overall, the export price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 81% against the previous month. The export price peaked at $11,353 per ton in June 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($12,854 per ton), while the average price for exports to Romania ($4,176 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 Iran (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Forged Stainless Steel Bar in Turkey
Forged stainless steel bar imports into Turkey skyrocketed to 1.4K tons in 2022, rising by 35% compared with the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 69%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, forged stainless steel bar imports reached $6.8M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports reached the peak of $8.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Forged Stainless Steel Bar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,190 | 3,423 | 2,220 | 2,540 | 5.1% |
| Germany | 1,180 | 1,996 | 1,837 | 1,602 | 10.7% |
| India | 48.9 | 445 | 755 | 654 | 137.4% |
| Sweden | 571 | 690 | 387 | 539 | -1.9% |
| Italy | 284 | 321 | 423 | 367 | 8.9% |
| Austria | 373 | 415 | 141 | 308 | -6.2% |
| China | 309 | 153 | 185 | 209 | -12.2% |
| Others | 382 | 691 | 623 | 603 | 16.4% |
| Total | 5,338 | 8,133 | 6,571 | 6,822 | 8.5% |
Top Suppliers of Forged Stainless Steel Bar to Turkey in 2022:
- Germany (548.0 tons)
- India (200.4 tons)
- Sweden (138.3 tons)
- United States (134.5 tons)
- China (97.5 tons)
- Italy (86.5 tons)
- Austria (36.9 tons)
Exports of Forged Stainless Steel Bar in Turkey
In 2022, approx. 320 tons of forged bars of stainless steel were exported from Turkey; increasing by 15% against 2021 figures. Overall, exports, however, saw a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year.
In value terms, forged stainless steel bar exports soared to $1.9M in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 139%.
| Export of Forged Stainless Steel Bar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1,979 | 179 | 68.1 | 831 | -25.1% |
| United Arab Emirates | 187 | 267 | 722 | 801 | 62.4% |
| Turkmenistan | 14.2 | 52.3 | 0.6 | 36.7 | 37.2% |
| Russia | 222 | N/A | N/A | N/A | 0% |
| Others | 142 | 98.9 | 633 | 213 | 14.5% |
| Total | 2,544 | 597 | 1,424 | 1,882 | -9.6% |
Top Export Markets for Forged Stainless Steel Bar from Turkey in 2022:
- United Arab Emirates (221.5 tons)
- Iran (77.8 tons)
- Turkmenistan (3.7 tons)
This report provides an in-depth analysis of the market for forged stainless steel bar in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106450 - Forged bars, of stainless steel
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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