Turkey: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Turkey

In 2020, the Turkish market for instrument panel and wall clocks increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed tangible growth. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Instrument panel and wall clock consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Turkey

In value terms, instrument panel and wall clock production dropped to $X in 2020 estimated in export prices. In general, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% year-to-year. Instrument panel and wall clock production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Turkey

In 2020, after two years of growth, there was significant decline in overseas shipments of instrument panel and wall clocks, when their volume decreased by -X% to X tons. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, instrument panel and wall clock exports dropped rapidly to $X in 2020. In general, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Iraq (X tons) was the main destination for instrument panel and wall clock exports from Turkey, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Iraq exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), sixfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Iraq amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+X% per year) and France (+X% per year).

In value terms, Iraq ($X) remains the key foreign market for instrument panel and wall clock exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Iraq amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Germany (-X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, rising by X% against the previous year. In general, export price indicated a moderate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Turkey

In 2020, supplies from abroad of instrument panel and wall clocks increased by X% to X tons, rising for the eleventh year in a row after two years of decline. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, instrument panel and wall clock imports surged to $X in 2020. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tons) was the main supplier of instrument panel and wall clock to Turkey, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), more than tenfold. Belarus (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+X% per year) and Belarus (+X% per year).

In value terms, China ($X), the Philippines ($X) and France ($X) were the largest instrument panel and wall clock suppliers to Turkey, with a combined X% share of total imports. Belarus lagged somewhat behind, accounting for a further X (+X% per year) saw 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

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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