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Turkey - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Jul 16, 2023

Price of Ball Bearing in Turkey Drops Dramatically to $13.6 per kg

Turkey Ball Bearing Import Price in March 2023

In March 2023, the ball bearing price amounted to $13,605 per ton (CIF, Turkey), which is down by -21.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the import price increased by 18% m-o-m. Turkey import price peaked at $17,276 per ton in February 2023, and then reduced remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($35,678 per ton), while China ($8,125 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the other leaders experienced more modest paces of growth.

COUNTRYImport Price of Ball Bearing in Turkey (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Austria22,57028,00427,36627,48824,86730,11221,73326,02327,89632,24140,39844,74235,678
Germany38,05232,35233,79928,90630,26842,48327,93624,11432,73942,00027,07937,87335,063
Romania18,36918,65319,82617,97217,82816,35316,58416,91719,06818,53220,53823,18821,609
Taiwan (Chinese)21,05627,45728,99323,85723,96526,66325,14326,94928,26326,23926,08930,58821,528
Japan24,78732,28926,63731,67527,50626,06731,78426,17328,01823,85920,22724,54620,327
Slovakia15,71122,85917,50114,85820,21817,95716,05215,54414,27423,61916,36221,32318,789
Italy17,91417,65717,77817,79216,95518,16916,58815,40114,91518,01219,25427,86517,753
United Kingdom23,70624,39616,76321,68816,46114,95617,19715,68023,86117,89117,23222,34617,571
Poland14,96413,31912,92114,22713,19112,03712,86912,30312,76814,78012,51517,55416,129
South Korea9,18811,04111,54810,72711,09311,35611,12010,71811,73712,37613,12214,99813,993
France12,67012,79112,79312,37412,28211,34111,84011,98312,55212,59915,44418,17013,400
Bulgaria13,72410,17610,99812,94312,55111,01110,15211,46211,47512,14517,00525,35112,743
China8,1328,2739,1489,3489,8198,9857,6728,4207,6679,1458,0398,6068,125
Average12,39014,60014,09414,00314,02912,72413,18912,83212,47014,25515,36017,27613,605

Turkey Ball Bearing Imports

In March 2023, overseas purchases of ball bearings increased by 32% to 2.2K tons, rising for the second consecutive month after two months of decline. Over the period under review, imports, however, showed a mild decrease.

In value terms, ball bearing imports amounted to $30M (IndexBox estimates) in March 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 25% against the previous month.

Turkey Ball Bearing Imports by Country

In March 2023, China (998 tons), followed by France (403 tons), Italy (154 tons) and Japan (146 tons) were the main importers of ball bearings, together generating 2% of total imports. The following importers - Germany (61,511 kg), Taiwan (Chinese) (53,552 kg), Poland (49,266 kg), Bulgaria (41,325 kg), Romania (34,672 kg), the UK (29,059 kg), Slovakia (31,267 kg), South Korea (28,610 kg) and Austria (25,267 kg) - each resulted at a 0.4% share of total imports.

From March 2022 to March 2023, average monthly rates of growth with regard to ball bearing imports into China stood at -2.1%. At the same time, Taiwan (Chinese) (+12.7%), Japan (+8.1%), Bulgaria (+7.3%), France (+3.4%), Germany (+2.2%) and the UK (+1.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in the world, with a CAGR of +12.7% from March 2022-March 2023. Italy and Romania experienced a relatively flat trend pattern. By contrast, Slovakia (-2.5%), Poland (-3.1%), Austria (-4.0%) and South Korea (-9.5%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing importing markets into Turkey were China ($8.1M), France ($5.4M) and Japan ($3M), with a combined 1.7% share of total imports. These countries were followed by Italy, Germany, Taiwan (Chinese), Austria, Poland, Romania, Slovakia, Bulgaria, the UK and South Korea, which together accounted for a further 1.1%.

Taiwan (Chinese), with a CAGR of +12.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ball bearing market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28151030 - Ball bearings

Country coverage:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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