Constructive Sector
The Turkish metal fasteners and hand tools sector is worth more than $1.7 billion with the best-qualified companies growing each year.
Both Türkiye as a country and the Turkish metal fasteners and hand tools sector as a promising industry play a crucial role in international economic developments. Compared to manufacturing industries such as the construction, automotive, houseware, electric, electronic, furniture, and other industries, the metal fasteners and hand tools sector appears small but competes big. The sector’s products do not only serve manufacturing industries but also our daily lives.
Constructive Achievements
For the hardware sector, 2019 was a successful year in terms of exports. The sector has achieved successful results every year in every market it has entered and confronted tougher competition abroad that was unable to disrupt its momentum. Exports worth $1.7 billion were achieved by the conclusion of 2019. In 2020 and 2021, our exporters will continue to develop both our country and their companies by finding new markets and participating in fairs abroad.
Appropriate steps are being taken considering that exports are predicted to reach $2 billion in 2021. With the contribution of our merchant-based companies to exports, the sector is moving rapidly towards a yearly increase in export figures and additions to the current account surplus.
In exports, Türkiye ranks 5th in Europe and 7th in the world for copper tubes or pipe fittings such as couplings, elbows, and sleeves. It also is the 5th in Europe for aluminum tubes or pipe fittings.
When we look at the global scale, the entire world is the target market for Türkiye. The Turkish hardware industry has the only group of industrialists in the world who can deliver products of optimum prices and quality.
Türkiye stands out with its flexible production and delivery capacity. Türkiye has 445,000 tons of production capacity per year and this capacity is steadily increasing.
In Türkiye, you are able to find high-quality products at competitive prices.
Developments in land, sea, and air transport have made transportation easier. Turkish exporters are able to transport all their products to all the corners of the world.