On November 22, the Istanbul Hardware Fair in Istanbul, Turkey, came to a successful conclusion at the Istanbul International Convention and Exhibition Center. Chinese Screw Network not only brought the "CFM" magazine to the exhibition site for distribution, connected with overseas buyers, but also conducted visits and investigations on the Turkish fastener. With the interest and confusion of domestic fastener practitioners in the Turkish market, we organized the "Turkey Fastener Market Brief Analysis Report" for reference

The situation of the Turkish fastener market in 2024According to the field research by the staff of Jinghua Network, annual production capacity of Turkey's fastener industry is about 8 million tons. Among them, about 25% of the products are exported to other countries and regions in world, and the country needs to import 100,000 to 1.2 million tons every year to meet domestic demand.From the distribution of Turkeys export market, Germany occupies an absolute dominant position, and its import volume and amount are far ahead, accounting for about one third of the total, and its average unit price comparable to the mainstream market, showing its huge market size and stable demand structure. The French and American markets are particularly valuable, and the two countries have a significantly higher proportion of the than the number under the condition that the import volume is close, indicating that the average unit price of their imported products is higher, and they may tend to product categories with higher added.

Looking at Turkey's fastener import data, the Chinese mainland is the largest supplier, accounting for more than a quarter of the share, but its in terms of value is significantly lower than its share in terms of quantity. In terms of value, the US market has an extremely high product unit price, which is the key reason it ranks far higher in value than in quantity, indicating that the imported products have a differentiated added value or category. Germany maintains a leading and balanced position in both value and quantity and together with France, it represents the high-value position of the European market; in contrast, the average unit price in the main Asian supplier area is generally low.

It is worth noting that Germany is not only Turkey's largest export destination, but also its largest source of imports, forming a good complementary effect between two countries in the field of products. Among them, customized and small batch products constitute an important part of Turkey's fastener exports, and because of its geographical location ( intersection of Europe, Asia and Africa), it has unique advantages in fastener transshipment trade and distribution agency. In this year's Overseas Visit to Europe by Chinese Fastener Delegation, Andrea Fanti, CEO of Italy's NRB company, also mentioned that due to the advantages of transportation costs and time, Turkey's are more competitive in price and delivery speed than Asian countries.