Turkey: Nail And Bolt Market 2024

Nail And Bolt Market Size in Turkey

In 2022, the Turkish nail and bolt market increased by X% to $X for the first time since 2015, thus ending a six-year declining trend. Overall, consumption, however, saw a drastic downturn. Nail and bolt consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Nail And Bolt Production in Turkey

In value terms, nail and bolt production dropped rapidly to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Turkey

In 2022, the amount of nails, tacks, staples, screws and bolts exported from Turkey expanded significantly to X tons, growing by X% compared with 2021 figures. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, nail and bolt exports skyrocketed to $X in 2022. In general, exports showed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main destinations of nail and bolt exports from Turkey, together accounting for X% of total exports. France, Poland, Spain, Israel, Slovakia, the Netherlands, Canada, the UK, Romania and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Turkey

In 2022, overseas purchases of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, nail and bolt imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of nail and bolt imports to Turkey, together accounting for X% of total imports. Japan, Malaysia, Taiwan (Chinese), South Korea, the United States, the Czech Republic, France, Spain and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest nail and bolt suppliers to Turkey, with a combined X% share of total imports. Italy, Japan, France, Taiwan (Chinese), Malaysia, the Czech Republic, South Korea, Spain and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 nail and bolt import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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