Turkey: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Turkey

The Turkish rubber-to-metal and moulded article market expanded significantly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Turkey

In value terms, rubber-to-metal and moulded article production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Turkey

In 2023, approx. X tons of rubber-to-metal and moulded articles were exported from Turkey; rising by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article exports rose remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Turkey, accounting for a X% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Russia (X% per year).

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average rubber-to-metal and moulded article export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

Imports of Rubber-to-Metal and Moulded Articles

Imports into Turkey

For the third year in a row, Turkey recorded growth in purchases abroad of rubber-to-metal and moulded articles, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2023. The total import value 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 in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Turkey, together comprising X% of total imports. Thailand, Poland, Romania, India, Spain, the Czech Republic, Slovakia, Serbia, France and Vietnam lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest rubber-to-metal and moulded article suppliers to Turkey were Germany ($X), China ($X) and Italy ($X), together comprising X% of total imports. Romania, Poland, the Czech Republic, Serbia, India, France, Spain, Thailand, Slovakia and Vietnam lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform