Turkey - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's December 2023 Wire Export Decreases Slightly to $52M
Turkey Stranded Wire Exports
In December 2023, approximately 13K tons of stranded wire, ropes and cables were exported from Turkey; declining by -9.5% against the month before. In general, exports saw a noticeable slump. The pace of growth appeared the most rapid in February 2023 when exports increased by 14% m-o-m.
In value terms, stranded wire exports contracted to $52M (IndexBox estimates) in December 2023. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in March 2023 when exports increased by 16% m-o-m. As a result, the exports attained the peak of $94M. From April 2023 to December 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Stranded Wire in Turkey (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Italy | 11.2 | 15.3 | 16.8 | 21.0 | 15.0 | 18.5 | 13.6 | 11.5 | 10.1 | 10.4 | 10.0 | 9.0 | 5.5 |
| United Kingdom | 5.1 | 4.6 | 7.1 | 7.6 | 5.1 | 9.4 | 7.6 | 7.0 | 7.4 | 6.9 | 4.6 | 4.9 | 4.4 |
| Germany | 4.3 | 5.2 | 7.5 | 9.0 | 6.2 | 7.9 | 9.4 | 7.2 | 4.5 | 5.2 | 4.0 | 5.0 | 3.5 |
| Iraq | 4.6 | 1.7 | 0.1 | 0.7 | 2.1 | 0.4 | 1.0 | 2.9 | 1.5 | 1.2 | 1.4 | 4.2 | 3.4 |
| United States | 12.4 | 8.8 | 6.7 | 8.4 | 6.0 | 6.5 | 6.1 | 4.7 | 3.6 | 5.8 | 3.5 | 4.7 | 2.7 |
| Others | 39.1 | 36.2 | 43.1 | 47.3 | 38.8 | 37.0 | 38.6 | 34.1 | 40.0 | 36.3 | 36.9 | 32.4 | 32.4 |
| Total | 76.7 | 71.8 | 81.3 | 93.9 | 73.1 | 79.6 | 76.4 | 67.4 | 67.2 | 65.8 | 60.4 | 60.1 | 52.0 |
Exports by Country
Iraq (1.5K tons) was the main destination for stranded wire exports from Turkey, with a 12% share of total exports. Moreover, stranded wire exports to Iraq exceeded the volume sent to the second major destination, Italy (715 tons), twofold. The third position in this ranking was taken by the United States (624 tons), with a 4.8% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (-5.5% per month) and the United States (-11.9% per month).
In value terms, the largest markets for stranded wire exported from Turkey were Italy ($5.5M), the UK ($4.4M) and Germany ($3.5M), with a combined 26% share of total exports.
the UK, with a CAGR of -1.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Exports by Type
Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (7.7K tons) was the largest type of stranded wire exported from Turkey, accounting for a 59% share of total exports. Moreover, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated exceeded the volume of the second product type, copper stranded wire, cables and plaited bands (3.2K tons), twofold.
From December 2022 to December 2023, the average monthly rate of growth in terms of the volume of export of stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated totaled -1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: copper stranded wire, cables and plaited bands (-2.7% per month) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (-5.8% per month).
In value terms, copper stranded wire, cables and plaited bands ($32M) remains the largest type of stranded wire exported from Turkey, comprising 62% of total exports. The second position in the ranking was held by stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($12M), with a 24% share of total exports.
From December 2022 to December 2023, the average monthly rate of growth in terms of the export volume of copper stranded wire, cables and plaited bands amounted to -2.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (-2.7% per month) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (-6.0% per month).
Export Prices by Country
In December 2023, the stranded wire price amounted to $3,997 per ton (FOB, Turkey), reducing by -4.3% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 16% m-o-m. The export price peaked at $5,368 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Germany ($7,802 per ton), while the average price for exports to Algeria ($937 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
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
