Turkey: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Turkey

The Turkish centrifugal clothes-dryer market contracted markedly to $X in 2021, waning by -54% against the previous year. In general, consumption recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when the market value increased by 3.2% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Production in Turkey

In value terms, centrifugal clothes-dryer production totaled $X in 2021 estimated in export price. In general, production, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2013 with an increase of 7.5%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports from Turkey

In 2021, the amount of centrifugal clothes-dryers exported from Turkey soared to X units, jumping by 178% compared with the year before. In general, exports, however, showed a significant contraction. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a dramatic shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for centrifugal clothes-dryer exports from Turkey, with a 65% share of total exports. Moreover, centrifugal clothes-dryer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iraq (X units), more than tenfold. Egypt (X units) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-6.9% per year) and Egypt (+16.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for centrifugal clothes-dryers exports from Turkey, comprising 64% of total exports. The second position in the ranking was taken by Iraq ($X), with a 6.6% share of total exports. It was followed by Azerbaijan, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-7.9% per year) and Azerbaijan (-12.9% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, which is down by -11.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($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 Italy (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Turkey

In 2021, approx. X units of centrifugal clothes-dryers were imported into Turkey; with a decrease of -26.4% against the year before. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 2,942% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports reduced remarkably to $X in 2021. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by 3,654% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of centrifugal clothes-dryer imports to Turkey, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer suppliers to Turkey were Italy ($X), China ($X) and the United States ($X), with a combined 91% share of total imports.

China, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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