Turkey: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Turkey

In 2022, the Turkish non-alloy steel i-sections market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a abrupt slump. Non-alloy steel i-sections consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Production in Turkey

In value terms, non-alloy steel i-sections production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Non-alloy steel i-sections production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Alloy Steel I-Sections Exports

Exports from Turkey

In 2022, after four years of growth, there was significant decline in shipments abroad of i-sections of non-alloy steel, when their volume decreased by X% to X tons. In general, total exports indicated a noticeable expansion 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 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, non-alloy steel i-sections exports dropped slightly to $X in 2022. Over the period under review, exports, however, saw a temperate increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

Morocco (X tons), Egypt (X tons) and the UK (X tons) were the main destinations of non-alloy steel i-sections exports from Turkey, with a combined X% share of total exports. Colombia, Romania, Greece, Israel, Bulgaria, Argentina, Senegal, Yemen, Georgia and Ukraine lagged somewhat behind, together comprising 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 Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel i-sections exported from Turkey were Morocco ($X), the UK ($X) and Colombia ($X), together accounting for X% of total exports. Egypt, Romania, Greece, Argentina, Bulgaria, Israel, Georgia, Senegal, Ukraine and Yemen lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded 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 non-alloy steel i-sections export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price 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, non-alloy steel i-sections export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Non-Alloy Steel I-Sections Imports

Imports into Turkey

Non-alloy steel i-sections imports into Turkey expanded significantly to X tons in 2022, picking up by X% compared with the year before. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports soared to $X in 2022. Overall, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of non-alloy steel i-sections to Turkey, with a X% share of total imports. Moreover, non-alloy steel i-sections imports from Spain exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold. The third position in this ranking was held by Luxembourg (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Luxembourg (X% per year).

In value terms, Spain ($X) constituted the largest supplier of i-sections of non-alloy steel to Turkey, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Luxembourg, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2022, the average non-alloy steel i-sections import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price 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, non-alloy steel i-sections import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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