Turkey - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Turkey - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (CIF) - 2023
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (FOB) - 2023
The average export price for hot-rolled non-alloy steel wire rods stood at $637 per ton in July 2023, which is down by -5.7% against the previous month. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 5.2% m-o-m. The export price peaked at $791 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In July 2023, the highest price was recorded for prices to Trinidad and Tobago ($692 per ton) and Australia ($676 per ton), while the average price for exports to Serbia ($563 per ton) and Romania ($607 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (CIF) - 2023
In July 2023, the average import price for hot-rolled non-alloy steel wire rods amounted to $702 per ton, shrinking by -7% against the previous month. Overall, the import price saw a noticeable shrinkage. The growth pace was the most rapid in November 2022 an increase of 9% m-o-m. As a result, import price attained the peak level of $961 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,081 per ton), while the price for Malaysia ($602 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (+0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey
In 2022, the amount of hot-rolled non-alloy steel wire rods exported from Turkey declined significantly to 1.2M tons, falling by -19.4% on the previous year's figure. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
In value terms, hot-rolled non-alloy steel wire rod exports dropped to $916M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports attained the peak of $1B, and then reduced in the following year.
Export of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 200 | 128 | 138 | 215 | 2.4% |
Romania | 54.1 | 14.7 | 42.7 | 101 | 23.1% |
Senegal | 29.4 | 27.8 | 26.2 | 55.7 | 23.7% |
Canada | 10.2 | 11.7 | 26.6 | 42.9 | 61.4% |
Morocco | 42.4 | 26.3 | 26.8 | 37.5 | -4.0% |
Netherlands | 73.4 | 40.2 | 103 | 36.8 | -20.6% |
Australia | 19.3 | 6.5 | 28.5 | 33.2 | 19.8% |
Cote d'Ivoire | 16.9 | 10.4 | 52.2 | 32.5 | 24.4% |
Italy | 6.9 | 10.4 | 31.3 | 31.7 | 66.2% |
Haiti | 9.5 | 12.3 | 7.7 | 30.5 | 47.5% |
Bulgaria | 31.6 | 7.7 | 8.6 | 29.3 | -2.5% |
United Kingdom | 1.6 | 3.6 | 4.3 | 21.5 | 137.7% |
Serbia | 4.8 | 3.2 | 4.2 | 21.3 | 64.3% |
Others | 423 | 276 | 535 | 227 | -18.7% |
Total | 922 | 579 | 1,035 | 916 | -0.2% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Turkey in 2022:
- Israel (279.8K tons)
- Romania (125.4K tons)
- Senegal (70.1K tons)
- Morocco (51.2K tons)
- Canada (51.1K tons)
- Netherlands (50.1K tons)
- Cote d'Ivoire (42.5K tons)
- Haiti (41.6K tons)
- Australia (39.4K tons)
- Bulgaria (39.3K tons)
- Italy (35.7K tons)
- Serbia (25.8K tons)
- United Kingdom (24.3K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey
In 2022, imports of hot-rolled non-alloy steel wire rods into Turkey fell to 366K tons, shrinking by -13.4% on the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, imports reached the peak of 423K tons, and then fell in the following year.
In value terms, hot-rolled non-alloy steel wire rod imports expanded slightly to $363M in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Hot-Rolled Non-Alloy Steel Wire Rod in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 39.4 | 10.9 | 56.3 | 94.4 | 33.8% |
Germany | 12.0 | 17.9 | 62.2 | 76.9 | 85.7% |
Spain | 71.1 | 76.1 | 94.8 | 68.5 | -1.2% |
United Kingdom | 37.8 | 24.2 | 23.5 | 34.6 | -2.9% |
Switzerland | 5.4 | 4.3 | 11.3 | 18.0 | 49.4% |
France | 2.8 | 2.6 | 16.2 | 16.5 | 80.6% |
South Korea | 14.7 | 14.7 | 8.2 | 14.9 | 0.5% |
Italy | 3.9 | 2.0 | 7.7 | 11.7 | 44.2% |
Azerbaijan | N/A | N/A | 3.3 | 6.5 | 97.0% |
Japan | 9.6 | 10.7 | 27.2 | 4.8 | -20.6% |
Iran | 16.2 | 2.0 | 1.2 | 1.1 | -59.2% |
Others | 12.8 | 5.5 | 35.8 | 14.5 | 4.2% |
Total | 226 | 171 | 348 | 363 | 17.1% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Turkey in 2022:
- Russia (131.2K tons)
- Spain (65.7K tons)
- Germany (62.1K tons)
- United Kingdom (30.2K tons)
- France (14.7K tons)
- Switzerland (13.5K tons)
- Italy (11.4K tons)
- South Korea (11.4K tons)
- Azerbaijan (8.5K tons)
- Japan (3.4K tons)
- Iran (1.5K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
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