Turkey: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Turkey

The Turkish market for bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.1% against 2017 indices. Bearing housing without ball bearing consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Turkey

In value terms, bearing housing without ball bearing production reached $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 59%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Turkey

For the sixth consecutive year, Turkey recorded growth in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which increased by 23% to X tons in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bearing housing without ball bearing exports surged to $X in 2021. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main destinations of bearing housing without ball bearing exports from Turkey, together comprising 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +53.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from Turkey were Italy ($X), Germany ($X) and Poland ($X), with a combined 44% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +43.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with a decrease of -1.7% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 42%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Turkey

After two years of decline, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 4.3% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest bearing housing without ball bearing supplier to Turkey, with a 48% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. India (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and India (+21.0% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Turkey were Germany ($X), China ($X) and India ($X), together accounting for 50% of total imports. Italy, Poland, Japan, Sweden, France and Romania lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Romania, with a CAGR of +42.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, picking up by 9.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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