Turkey: Concrete Pump Market 2024

Concrete Pump Market Size in Turkey

In 2021, after five years of decline, there was significant growth in the Turkish concrete pump market, when its value increased by 275% to $X. Overall, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Concrete Pump Production in Turkey

In value terms, concrete pump production soared to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. Concrete pump production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Concrete Pump Exports

Exports from Turkey

In 2021, concrete pump exports from Turkey surged to X units, growing by 67% on the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 139% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, concrete pump exports surged to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 85% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units) was the main destination for concrete pump exports from Turkey, accounting for a 34% share of total exports. Moreover, concrete pump exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Russia (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +85.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+70.7% per year) and Russia (+9.2% per year).

In value terms, the largest markets for concrete pump exported from Turkey were Germany ($X), the United States ($X) and Russia ($X), with a combined 61% share of total exports.

The United States, with a CAGR of +103.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 concrete pump export price amounted to $X per unit, falling by -9.7% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concrete pump export price increased by +73.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the average price for exports to Djibouti ($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 Israel (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Pump Imports

Imports into Turkey

In 2021, purchases abroad of concrete pumps increased by 144% to X units, rising for the second year in a row after five years of decline. In general, imports, however, continue to indicate a abrupt downturn. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete pump imports soared to $X in 2021. Overall, imports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 255%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), South Korea (X units) and Italy (X units) were the main suppliers of concrete pump imports to Turkey, with a combined 88% share of total imports. These countries were followed by China, Finland and Russia, which together accounted for a further 8.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +50.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest concrete pump suppliers to Turkey were Germany ($X), South Korea ($X) and Italy ($X), with a combined 98% share of total imports. These countries were followed by China, Russia and Finland, which together accounted for a further 2.2%.

In terms of the main suppliers, Finland, with a CAGR of +73.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, rising by 8.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 100% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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