Turkey: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Turkey

The Turkish metal broaching machine market soared to $X in 2021, picking up by 31% against the previous year. In general, consumption showed a slight increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Metal Broaching Machine Production in Turkey

In value terms, metal broaching machine production declined remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable reduction. Over the period under review, production hit record highs at $X in 2020, and then reduced sharply in the following year.

Metal Broaching Machine Exports

Exports from Turkey

In 2021, after two years of growth, there was significant decline in shipments abroad of broaching machines for working metal, when their volume decreased by -65.2% to X units. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 360% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports surged to $X in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 1,926%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for metal broaching machine exports from Turkey, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +8.0%.

In value terms, Romania ($X) emerged as the key foreign market for broaching machines for working metal exports from Turkey, comprising 98% of total exports. The second position in the ranking was held by Georgia ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania stood at +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+17.7% per year) and Azerbaijan (-9.5% per year).

Export Prices by Country

In 2021, the average metal broaching machine export price amounted to $X per unit, picking up by 580% against the previous year. Over the period under review, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 1,521% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+123.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Turkey

In 2021, the amount of broaching machines for working metal imported into Turkey rose significantly to X units, with an increase of 6.7% against 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 136% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal broaching machine imports skyrocketed to $X in 2021. In general, imports, however, recorded a deep slump. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of metal broaching machine imports to Turkey, with a combined 69% share of total imports. Moreover, metal broaching machine imports in China exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of broaching machines for working metal to Turkey, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and Germany (+10.8% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, picking up by 554% against the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 829% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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