Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey - 2024

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey (FOB) - 2024
2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey (CIF) - 2024
3. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey
4. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey (FOB) - 2024

In November 2023, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $1.6 per unit, increasing by 5.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $1.8 per unit in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Sweden ($2.2 per unit), while the average price for exports to Romania ($1.2 per unit) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey (CIF) - 2024

In November 2023, the average import price for non-electric iron or steel central heating radiators other than of cast iron amounted to $4.3 per unit, with a decrease of -31% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 197% against the previous month. As a result, import price reached the peak level of $12.9 per unit. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($17.0 per unit), while the price for Germany ($3.9 per unit) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey

Exports of non-electric iron or steel central heating radiators other than of cast iron from Turkey contracted markedly to 298M units in 2022, waning by -29.5% against the previous year. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports attained the peak of 423M units, and then declined remarkably in the following year.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron reduced remarkably to $514M in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $642M, and then dropped notably in the following year.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Turkey in 2022:

1. United Kingdom (96.0M units)
2. Romania (36.9M units)
3. Hungary (16.1M units)
4. Poland (16.0M units)
5. Germany (11.8M units)
6. Netherlands (10.2M units)
7. Serbia (8.9M units)
8. Greece (8.4M units)
9. Russia (7.6M units)
10. France (6.4M units)
11. Italy (6.0M units)
12. China (6.0M units)
13. Ireland (5.9M units)

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Turkey

In 2022, approx. 1.5M units of non-electric iron or steel central heating radiators other than of cast iron were imported into Turkey; with an increase of 10% compared with the previous year. Over the period under review, imports, however, recorded a slight shrinkage. Over the period under review, imports of hit record highs at 1.6M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron soared to $6.6M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Turkey in 2022:

1. Germany (496.9K units)
2. Iran (327.8K units)
3. Italy (265.0K units)
4. Czech Republic (125.9K units)
5. Russia (66.0K units)
6. United Kingdom (46.3K units)
7. Ukraine (26.8K units)
8. China (9.1K units)

Source: IndexBox Market Intelligence Platform