NEA Metal has been providing steel and related materials to many industries since its establishment.
You can find our customer industries and details here:
Energy
It is the key to economic growth and sustainable development worldwide. In 2023, with the increase in global energy demand, the demand for fossil fuels peaked, but this demand started to decline with the rapid growth of renewable energy sources. In 2023, the share of renewable energy sources in global energy production exceeded 30% (IEA) (IRENA). In parallel with the increase in energy demand, Turkey has increased its renewable energy investments and in 2022, 45% of its electricity generation was generated from renewable sources (IRENA). Turkey's energy generation capacity exceeded 100 GW, while energy imports reached 40 billion dollars in 2023.
Construction
It is a huge industry that accounts for 13% of total economic activity and employs millions of people worldwide. In 2023, global construction spending is estimated to exceed $12 trillion (IEA). In Turkey, the construction sector is the engine of economic growth, accounting for 7% of GDP by 2023. Major projects in the construction sector, especially infrastructure investments and urban transformation projects, contribute significantly to Turkey's economic growth.
Automotive
It is a huge industry, employing millions of people worldwide and with an annual market value of around 3 trillion dollars. In 2023, 90 million vehicles were produced worldwide (IEA). Turkey is an important production center in the automotive sector and is the fifth largest automobile producer in Europe with a production of 1.5 million vehicles in 2023. The Turkish automotive sector generated around $30 billion in export revenues in 2023, accounting for 15% of the country's total exports.
White Goods
The white goods sector is a rapidly growing market that is constantly evolving with innovative technologies. The size of the global white goods market exceeded 600 billion dollars in 2023 (IEA). Turkey is one of the largest white goods producers in Europe and produced 30 million units of white goods in 2023. Turkey's white goods exports reached 5 billion dollars in the same year and had a significant share in the European market.
Construction Machinery
The construction equipment sector is critical for many industries such as construction, mining and agriculture. The global construction equipment market reached a size of more than 200 billion dollars in 2023 (IEA). Turkey is a major player in the production of construction equipment, producing around USD 5 billion worth of construction equipment in 2023. The Turkish construction equipment sector continues to grow with strong domestic demand and export markets.
Production
It is the cornerstone of economic development and technological progress worldwide. The global manufacturing industry accounted for 16% of world GDP in 2023 and reached a market size of trillions of dollars (IEA). In Turkey, the manufacturing industry is the backbone of the country's industrial production, accounting for 22% of GDP. Turkey's manufacturing industry exports in 2023 reached 200 billion dollars, accounting for 70% of the country's total exports.
Defense Industry
The defense industry is of vital importance for the security and military capacity of countries. World defense expenditures exceeded $2 trillion in 2023 (IEA). Turkey has made great progress in the defense industry and achieved $11 billion in defense and aerospace exports in 2023. Turkey has become an important regional and global player with its domestic and national defense projects.
Agriculture
The agriculture sector plays a critical role in ensuring food security for billions of people around the world. In 2023, global trade in agricultural products exceeded 1.5 trillion dollars (IEA). Turkey has a strong production capacity in the agricultural sector, with the value of agricultural production exceeding USD 100 billion in 2023. Turkey is also an important actor in the export of agricultural products, with agricultural exports totaling $25 billion in 2023.
