Turkey: Container Market 2024

Container Market Size in Turkey

After two years of decline, the Turkish container market increased by X% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Container Production in Turkey

In value terms, container production contracted remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Container Exports

Exports from Turkey

For the sixth consecutive year, Turkey recorded growth in overseas shipments of tanks, casks, drums, cans, boxes and similar containers, which increased by X% to X units in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2017 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 see steady growth in years to come.

In value terms, container exports soared to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X units), the UK (X units) and Israel (X units) were the main destinations of container exports from Turkey, together comprising X% of total exports. Iraq, Algeria, France, Germany, Egypt, Russia, Georgia, Poland, Bulgaria and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for container exported from Turkey were the UK ($X), Greece ($X) and Israel ($X), with a combined X% share of total exports. Iraq, Algeria, France, Germany, Russia, Egypt, Georgia, Poland, Spain and Bulgaria lagged somewhat behind, together comprising a further X%.

Among 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

In 2022, the average container export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Turkey

In 2022, imports of tanks, casks, drums, cans, boxes and similar containers into Turkey soared to X units, rising by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 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 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, container imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Greece (X units), China (X units) and Serbia (X units) were the main suppliers of container imports to Turkey, with a combined X% share of total imports. Germany, Hungary, Russia, Romania, Iran, Poland, France, Egypt, Italy and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest container suppliers to Turkey were China ($X), Greece ($X) and Serbia ($X), with a combined X% share of total imports. Germany, Russia, Hungary, Romania, France, Italy, Poland, Egypt, Bulgaria and Iran lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Russia, 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 container import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price recorded a mild expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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