Turkey: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Turkey

The Turkish endless machinery band market skyrocketed to $X in 2021, growing by 79% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Endless Machinery Band Exports

Exports from Turkey

Endless machinery band exports from Turkey declined modestly to X square meters in 2021, approximately equating the year before. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 978% against the previous year. The exports peaked at X square meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports reduced rapidly to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by 607%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X square meters), Algeria (X square meters) and Russia (X square meters) were the main destinations of endless machinery band exports from Turkey, together accounting for 40% of total exports. These countries were followed by Serbia, Saudi Arabia, Romania, Poland, Morocco, Azerbaijan and Georgia, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Bulgaria ($X) and Russia ($X) appeared to be the largest markets for endless machinery band exported from Turkey worldwide, with a combined 49% share of total exports.

Russia, with a CAGR of +51.8%, saw the highest rates of growth with regard to the value of exports, among 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

The average endless machinery band export price stood at $X per square meter in 2021, which is down by -26.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 200% against the previous year. The export price peaked at $X per square meter in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Turkey

In 2021, supplies from abroad of endless bands for machinery, of stainless steel was finally on the rise to reach X square meters after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, endless machinery band imports soared to $X in 2021. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 253%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X square meters), Sweden (X square meters) and the United States (X square meters) were the main suppliers of endless machinery band imports to Turkey, together accounting for 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +148.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and China ($X) appeared to be the largest endless machinery band suppliers to Turkey, together comprising 66% of total imports.

China, with a CAGR of +170.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, with an increase of 2.7% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 105% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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