Turkey: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Turkey

In 2020, after three years of decline, there was significant growth in the Turkish market for electric generating sets and rotary converters, when its value increased by X% to $X. In general, consumption showed strong growth. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Turkey

In value terms, production of electric generating sets and rotary converters declined to $X in 2020 estimated in export prices. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Turkey

In 2020, approx. X units of electric generating sets and rotary converters were exported from Turkey; with a decrease of -X% compared with 2019. Over the period under review, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, exports of electric generating sets and rotary converters dropped sharply to $X in 2020. In general, total exports indicated a perceptible increase from 2007 to 2020: its value 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, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Libya (X units) was the main destination for exports of electric generating sets and rotary converters from Turkey, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Libya exceeded the volume sent to the second major destination, Syrian Arab Republic (X units), twofold. Azerbaijan (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Libya stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+X% per year) and Azerbaijan (+X% per year).

In value terms, Iraq ($X), Libya ($X) and Azerbaijan ($X) appeared to be the largest markets for electric generating set and rotary converter exported from Turkey worldwide, together comprising X% of total exports.

Among the main countries of destination, Libya recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, jumping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The export price peaked at $X per unit in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iraq ($X per unit), while the average price for exports to Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Turkey

In 2020, purchases abroad of electric generating sets and rotary converters increased by X% to X units for the first time since 2016, thus ending a three-year declining trend. Overall, total imports indicated a resilient expansion from 2007 to 2020: its volume 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. Imports peaked at X units in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters dropped slightly to $X in 2020. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest electric generating set and rotary converter supplier to Turkey, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

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: Germany (+X% per year) and Denmark (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of electric generating set and rotary converter to Turkey, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, falling by -X% against the previous year. Over the period under review, import price indicated noticeable growth 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. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019, and then contracted rapidly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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