Turkey: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Turkey

After two years of growth, the Turkish non-electric motor handtools market decreased by -13.2% to $X in 2022. Over the period under review, consumption, however, recorded pronounced growth. Non-electric motor handtools consumption peaked at $X in 2021, and then declined in the following year.

Non-Electric Motor Handtools Production in Turkey

In value terms, non-electric motor handtools production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume decreased by 99.9%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Non-Electric Motor Handtools Exports

Exports from Turkey

In 2022, non-electric motor handtools exports from Turkey fell to X units, dropping by -7.9% compared with the previous year. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports expanded slightly to $X in 2022. In general, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 30%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X units), Uzbekistan (X units) and Azerbaijan (X units) were the main destinations of non-electric motor handtools exports from Turkey, with a combined 21% share of total exports. Morocco, Russia, Algeria, Sweden, Nigeria, Iraq, Kyrgyzstan, Bulgaria, Spain and Uganda lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +111.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from Turkey were Iran ($X), Uzbekistan ($X) and Azerbaijan ($X), with a combined 22% share of total exports. Morocco, Russia, Algeria, Sweden, Nigeria, Iraq, Kyrgyzstan, Bulgaria, Spain and Uganda lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Uganda, with a CAGR of +117.3%, 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

In 2022, the average non-electric motor handtools export price amounted to $X per unit, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Uganda ($X per unit) and Algeria ($X per unit), while the average price for exports to Spain ($X per unit) and Nigeria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Turkey

In 2022, purchases abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -6.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. Over the period under review, imports hit record highs at X units in 2021, and then declined in the following year.

In value terms, non-electric motor handtools imports contracted sharply to $X in 2022. Overall, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Turkey, with a 43% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and Italy (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Turkey, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Italy (-2.3% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, shrinking by -11.5% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Germany ($X per unit), while the price for Japan ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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