Turkey: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in Turkey

The Turkish machinery electrical parts market reduced markedly to $X in 2022, declining by -34.8% against the previous year. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production in Turkey

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 225% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Machinery Electrical Parts Exports

Exports from Turkey

In 2022, the amount of electrical parts of machinery or apparatus exported from Turkey fell markedly to X tons, reducing by -51.1% on 2021. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 11,306%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, machinery electrical parts exports fell notably to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 6,042%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Azerbaijan (X tons), Germany (X tons) and Russia (X tons) were the main destinations of machinery electrical parts exports from Turkey, together comprising 36% of total exports. Cyprus, the UK, Romania, Bulgaria, Serbia, Georgia, Iraq, France, Turkmenistan and Poland lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +124.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery electrical parts exported from Turkey were Azerbaijan ($X), Germany ($X) and Russia ($X), with a combined 35% share of total exports. France, the UK, Cyprus, Georgia, Bulgaria, Serbia, Poland, Romania, Iraq and Turkmenistan lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Serbia, with a CAGR of +103.4%, saw the highest growth rate of 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 machinery electrical parts export price stood at $X per ton in 2022, with an increase of 3.9% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery Electrical Parts Imports

Imports into Turkey

In 2022, machinery electrical parts imports into Turkey dropped notably to X tons, which is down by -51.1% against 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 5,221%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, machinery electrical parts imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,317%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of machinery electrical parts to Turkey, with a 95% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +116.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+209.6% per year) and Croatia (+45.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical parts of machinery or apparatus to Turkey, comprising 93% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +102.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+153.6% per year) and Croatia (+33.1% per year).

Import Prices by Country

The average machinery electrical parts import price stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the import price, however, faced a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 57%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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