Turkey: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Turkey

For the third consecutive year, the Turkish market for grinding, sanding and polishing machines recorded growth in sales value, which increased by 127% to $X in 2021. Overall, consumption, however, recorded a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Turkey

In 2021, approx. X units of grinding, sanding and polishing machines were exported from Turkey; waning by -37.3% compared with the previous year. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkmenistan (X units), Singapore (X units) and Austria (X units) were the main destinations of grinding, sanding and polishing machine exports from Turkey, with a combined 42% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +88.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Serbia ($X) and Azerbaijan ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Turkey worldwide, together accounting for 22% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +113.4%, recorded 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 export price for grinding, sanding and polishing machines stood at $X per unit in 2021, jumping by 98% against the previous year. Overall, the export price recorded a strong expansion. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Turkmenistan ($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 Serbia (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Turkey

For the third year in a row, Turkey recorded growth in overseas purchases of grinding, sanding and polishing machines, which increased by 18% to X units in 2021. In general, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2015 when imports increased by 107% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports dropped slightly to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Turkey, with a 88% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Luxembourg (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+27.3% per year) and Taiwan (Chinese) (+3.0% per year).

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to Turkey, with a combined 67% share of total imports. Switzerland, Taiwan (Chinese) and Luxembourg lagged somewhat behind, together accounting for a further 6%.

Taiwan (Chinese), with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, waning by -18.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 450% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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