Turkey: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Turkey

The Turkish agricultural forestry machinery market skyrocketed to $X in 2022, growing by 2,240% against the previous year. In general, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Agricultural Forestry Machinery Production in Turkey

In value terms, agricultural forestry machinery production shrank remarkably to $X in 2022 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 101%. Agricultural forestry machinery production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from Turkey

Agricultural forestry machinery exports from Turkey surged to X units in 2022, rising by 63% on the previous year's figure. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 110% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, agricultural forestry machinery exports surged to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 108% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Uzbekistan (X units) was the main destination for agricultural forestry machinery exports from Turkey, with a 35% share of total exports. Moreover, agricultural forestry machinery exports to Uzbekistan exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. The third position in this ranking was held by Iraq (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan totaled +94.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1.6% per year) and Iraq (-0.5% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Turkey, comprising 38% of total exports. The second position in the ranking was held by Iraq ($X), with a 9.3% share of total exports. It was followed by Azerbaijan, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan stood at +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+5.0% per year) and Azerbaijan (-1.9% per year).

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, falling by -2.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Turkey

In 2022, approx. X units of agricultural forestry machinery (lawn or sportsground rollers) were imported into Turkey; jumping by 77% against the previous year. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, agricultural forestry machinery imports surged to $X in 2022. In general, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 278% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Azerbaijan (X units) and Germany (X units) were the main suppliers of agricultural forestry machinery imports to Turkey, with a combined 54% share of total imports. These countries were followed by France, the Netherlands, Hungary, the United States, China and the UK, which together accounted for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the largest agricultural forestry machinery suppliers to Turkey, together comprising 51% of total imports. These countries were followed by the Netherlands, the United States, Hungary, Azerbaijan, China and the UK, which together accounted for a further 43%.

Hungary, with a CAGR of +67.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, dropping by -7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 when the average import price increased by 37%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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