Turkey: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Turkey

In 2021, the Turkish electronic metal tester market decreased by -14% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a slight expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Electronic Metal Tester Production in Turkey

In value terms, electronic metal tester production declined notably to $X in 2021 estimated in export price. Overall, production faced a sharp contraction. Electronic metal tester production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electronic Metal Tester Exports

Exports from Turkey

In 2021, after two years of growth, there was significant decline in shipments abroad of electronic machines and appliances for testing metals, when their volume decreased by -13.4% to X units. Over the period under review, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when exports increased by 437%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic metal tester exports dropped to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 445%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units), the Netherlands (X units) and Bangladesh (X units) were the main destinations of electronic metal tester exports from Turkey, with a combined 37% share of total exports. These countries were followed by Iraq, Ethiopia, Mexico, Egypt, Uzbekistan, Romania, Nigeria, the United States, Kuwait and Albania, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +159.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Egypt ($X) and Azerbaijan ($X) appeared to be the largest markets for electronic metal tester exported from Turkey worldwide, with a combined 30% share of total exports. These countries were followed by the Netherlands, Iraq, Uzbekistan, Mexico, Nigeria, Romania, Ethiopia, the United States, Kuwait and Albania, which together accounted for a further 34%.

Among the main countries of destination, Nigeria, with a CAGR of +242.3%, saw 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 electronic metal tester export price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the export price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 49%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per unit), while the average price for exports to Ethiopia ($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 Nigeria (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Turkey

In 2021, electronic metal tester imports into Turkey surged to X units, increasing by 37% against the year before. Over the period under review, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electronic metal tester imports soared to $X in 2021. Overall, imports, however, showed a deep slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of electronic metal tester imports to Turkey, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Turkey, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Austria, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and Austria (+2.4% per year).

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :