Page 40 - ITAtube Journal 2 2025

Review
wire & Tube Eurasia 2025
Istanbul
9 - 12 April 2025
Good market opportunities for the
wire, cable and tube industries
Türkiye, a country with about 87.5 million
inhabitants, has a broad spectrum of indus-
tries. Another strength is its transit hub
position between Europe, Asia, the Middle
East and North Africa as well as a Customs
Union with the EU. According to a UN report
published in January 2025, the country’s
economy has grown by 3% in 2024 and is
expected to grow by 3.1% in 2025.
Since products made from wires and tubes
are needed everywhere, Türkiye is a large
market for these industries and their suppli-
ers. Therefore, the market is looking eagerly
towards the country and the trade fairs wire
Eurasia and Tube Eurasia which will take
place in Istanbul from April 9 to 12, 2025.
Wires, cables and other wire products
Wires and cables are indispensable for the
transmission of electric power and elec-
tronic data. The market research company
Euromonitor International found out that
Türkiye’s demand for insulated wires and
cables reached US$4.6 bn in 2023. Accord-
ing to CableFact.com, a portal for cablemak-
ers, the Turkish cable industry comprises
more than 200 manufacturers with a total
workforce of 15,000 employees.
The EU is the primary market for their cable
exports, accounting for 45% of the total
volume. In 2022, the country exported insu-
lated wire worth US$3.7 bn and imported
insulated wire worth US$1.3 bn.
In 2022, Türkiye exported steel wire worth
US$305 mn, making it the second largest
steel wire exporter in the world behind
China (US$551 mn), and imported steel wire
worth nearly US$35 mn. Depending on the
steel type, steel wire is used in the construc-
tion industry for reinforcing purposes or
processed into wire products such as wire
ropes, chains, technical springs and fasten-
ers.
The professional magazine Fastener Europe
notes that Türkiye’s fasteners sector
includes about 400 manufacturers with dif-
ferent production capacities and more than
20,000 employees in total. The Turkish fas-
teners market has a size of around 900,000
tons a year. Domestic manufacturers meet
800,000 tons of it, while 100,000 tons are
provided by imports. Furthermore, Turkish
producers export 300,000 tons of fasteners
to 70 countries.
40 ITAtube Journal August 2025