Turkey: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Turkey

In 2022, the Turkish market for fully or partly automatic electric machines for arc welding of metals increased by 126% to $X, rising for the second consecutive year after four years of decline. Overall, consumption saw a noticeable expansion. Consumption of peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Turkey

In value terms, production of fully or partly automatic electric machines for arc welding of metals totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 34%. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Turkey

Exports of fully or partly automatic electric machines for arc welding of metals from Turkey fell rapidly to X units in 2022, which is down by -28% compared with 2021 figures. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 82% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals fell rapidly to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 65% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units), Iraq (X units) and Bosnia and Herzegovina (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from Turkey, together comprising 40% of total exports. The United States, Bulgaria, Egypt, Mexico, Vietnam, Qatar, Saudi Arabia, Senegal, Zimbabwe and the UK lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of +146.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Turkey, comprising 30% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 6.2% share of total exports. It was followed by Bosnia and Herzegovina, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+37.3% per year) and Bosnia and Herzegovina (+35.1% per year).

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, with an increase of 5.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 54%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Vietnam ($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 Zimbabwe (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Turkey

In 2022, purchases abroad of fully or partly automatic electric machines for arc welding of metals increased by 28% to X units, rising for the second year in a row after four years of decline. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +152.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and Austria (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Turkey, together comprising 58% of total imports. China, Poland, the United States, Finland, Italy and Japan lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +62.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine suppliers to Turkey were Germany ($X), Austria ($X) and Spain ($X), together accounting for 66% of total imports. China, the United States, Italy, Finland, Poland and Japan lagged somewhat behind, together accounting for a further 25%.

The United States, with a CAGR of +59.5%, saw 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 import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, jumping by 22% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fully or partly automatic electric machines for arc welding of metals increased by +36.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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