Turkey: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in Turkey

In 2022, the Turkish flexographic printing machinery market decreased by -4.5% to $X, falling for the second consecutive year after two years of growth. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.4% against 2020 indices. Flexographic printing machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Flexographic Printing Machinery Production in Turkey

In value terms, flexographic printing machinery production declined to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 93% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Flexographic Printing Machinery Exports

Exports from Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of flexographic printing machinery, which increased by 24% to X units in 2022. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flexographic printing machinery exports dropped to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 130%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Tunisia (X units), Azerbaijan (X units) and Iran (X units) were the main destinations of flexographic printing machinery exports from Turkey, together comprising 35% of total exports. Jordan, Germany, the Netherlands, Uzbekistan, Slovenia, Russia, the United States, Saudi Arabia, the UK and Algeria lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) emerged as the key foreign market for flexographic printing machinery exports from Turkey, comprising 14% of total exports. The second position in the ranking was taken by Algeria ($X), with a 6.2% share of total exports. It was followed by the United States, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Iran stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+11.5% per year) and the United States (+55.1% per year).

Export Prices by Country

In 2022, the average flexographic printing machinery export price amounted to $X per unit, with a decrease of -24.6% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+190.1%), while the prices for the other major destinations experienced more modest paces of growth.

Flexographic Printing Machinery Imports

Imports into Turkey

In 2022, the amount of flexographic printing machinery imported into Turkey surged to X units, jumping by 24% against 2021. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 104% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, flexographic printing machinery imports reduced modestly to $X in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 170% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest flexographic printing machinery supplier to Turkey, with a 59% share of total imports. Moreover, flexographic printing machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.6% per year) and Italy (+8.8% per year).

In value terms, Germany ($X) constituted the largest supplier of flexographic printing machinery to Turkey, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and Italy (+10.5% per year).

Import Prices by Country

In 2022, the average flexographic printing machinery import price amounted to $X per unit, dropping by -21.3% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flexographic printing machinery import price increased by +17.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 60%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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