Turkey: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Turkey

The Turkish cylindrical roller bearing market skyrocketed to $X in 2022, jumping by 16% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.8% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Cylindrical Roller Bearing Production in Turkey

In value terms, cylindrical roller bearing production reached $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 69%. Turkey production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Turkey

After two years of growth, overseas shipments of cylindrical roller bearings decreased by -6.4% to X tons in 2022. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 105%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, cylindrical roller bearing exports reduced to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 161%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) represented the main exporter of cylindrical roller bearings in the world, achieving 53% of total export. Romania (X tons) ranks next in terms of the total exports with a 7.7% share, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Turkey, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Turkey amounted to $X per ton, falling by -3.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. The Turkey export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Turkey

In 2022, supplies from abroad of cylindrical roller bearings increased by 29% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing imports soared to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) was the largest importer of cylindrical roller bearings in the world, creating 42% of total import. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), the Czech Republic (X tons) and France (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 43% of total imports. Mexico, Italy, France, Brazil, Russia, South Korea, Spain, Indonesia, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 25%.

Among the main importing countries, Spain, with a CAGR of +13.7%, saw 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

In 2022, the import price in Turkey amounted to $X per ton, reducing by -4.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.8% against the previous year. Turkey import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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