Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey - 2024

Contents:

  1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (FOB) - 2024
  2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (CIF) - 2022
  3. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey
  4. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (FOB) - 2024

The average export price for tubing; flexible, with or without fittings, of base metals stood at $9,859 per ton in December 2023, increasing by 7.1% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 12% m-o-m. As a result, the export price attained the peak level of $10,714 per ton. From August 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Germany ($15,585 per ton), while the average price for exports to Romania ($2,785 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $29,901 per ton, rising by 90% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 117% against the previous year. The import price peaked at $32,052 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Germany ($139,193 per ton), while the price for Thailand ($5,278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey

After three years of growth, shipments abroad of tubing; flexible, with or without fittings, of base metals decreased by -7.9% to 14K tons in 2022. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of 16K tons, and then reduced in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals rose markedly to $136M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7.111.313.719.339.6%
France12.213.620.915.99.2%
Sweden2.93.14.28.342.0%
Italy6.56.18.48.17.6%
United Kingdom5.04.88.57.112.4%
Poland3.93.05.16.920.9%
Egypt5.96.84.76.11.1%
Denmark5.17.38.45.84.4%
Austria1.92.44.05.744.2%
Belgium2.93.94.44.213.1%
Bulgaria2.42.64.93.715.5%
Romania1.61.62.42.414.5%
Morocco0.90.72.02.438.7%
Others29.929.738.040.410.6%
Total88.296.813013615.5%

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Turkey in 2022:

  1. France (2.1K tons)
  2. Germany (1.4K tons)
  3. Poland (1.0K tons)
  4. Romania (0.8K tons)
  5. Italy (0.8K tons)
  6. Egypt (0.8K tons)
  7. United Kingdom (0.7K tons)
  8. Austria (0.6K tons)
  9. Denmark (0.4K tons)
  10. Sweden (0.4K tons)
  11. Morocco (0.4K tons)
  12. Belgium (0.4K tons)
  13. Bulgaria (0.4K tons)

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey

In 2022, purchases abroad of tubing; flexible, with or without fittings, of base metals decreased by -26.5% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, imports showed a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, imports reached the peak of 2.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $40M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany14.314.616.813.0-3.1%
United States1.81.21.46.654.2%
United Kingdom0.40.20.36.6154.6%
France0.80.30.44.375.2%
China2.34.53.51.7-9.6%
India0.70.91.11.322.9%
Bulgaria0.40.91.21.348.1%
Italy0.40.80.81.035.7%
Latvia0.30.30.50.732.6%
Spain0.21.10.10.751.8%
Serbia0.80.30.30.2-37.0%
Others1.72.22.53.324.7%
Total24.127.529.040.518.9%

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Turkey in 2022:

  1. China (310.9 tons)
  2. United Kingdom (196.8 tons)
  3. India (154.2 tons)
  4. Bulgaria (94.7 tons)
  5. Germany (93.4 tons)
  6. United States (80.6 tons)
  7. France (79.8 tons)
  8. Latvia (68.1 tons)
  9. Spain (63.5 tons)
  10. Italy (52.3 tons)
  11. Serbia (32.3 tons)

Source: IndexBox Market Intelligence Platform

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