Turkey: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Turkey

In 2023, after two years of growth, there was significant decline in the Turkish ferro-titanium and ferro-silico-titanium market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Turkey

In 2023, the amount of ferro-titanium and ferro-silico-titanium exported from Turkey shrank dramatically to X tons, with a decrease of X% compared with 2022 figures. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports dropped remarkably to $X in 2023. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Switzerland (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from Turkey, accounting for a X% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to Switzerland exceeded the volume sent to the second major destination, Morocco (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Italy (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for ferro-titanium and ferro-silico-titanium exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Morocco (X% per year).

Export Prices by Country

The average ferro-titanium and ferro-silico-titanium export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price saw slight growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Turkey

After two years of growth, purchases abroad of ferro-titanium and ferro-silico-titanium decreased by X% to X tons in 2023. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then dropped markedly in the following year.

In value terms, ferro-titanium and ferro-silico-titanium imports declined dramatically to $X in 2023. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped markedly in the following year.

Imports by Country

Russia (X tons), the UK (X tons) and Estonia (X tons) were the main suppliers of ferro-titanium and ferro-silico-titanium imports to Turkey, with a combined X% share of total imports. Canada, Sweden, Ukraine and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-titanium and ferro-silico-titanium suppliers to Turkey were Russia ($X), the UK ($X) and Estonia ($X), with a combined X% share of total imports. Canada, Sweden, Ukraine and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sweden, 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

In 2023, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Canada ($X per ton), while the price for Sweden ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform