Turkey: Hydraulic Press Market 2024

Hydraulic Press Market Size in Turkey

The Turkish hydraulic press market declined to $X in 2022, dropping by -6.9% against the previous year. In general, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Hydraulic Press Production in Turkey

In value terms, hydraulic press production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 117%. Hydraulic press production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hydraulic Press Exports

Exports from Turkey

After six years of growth, overseas shipments of hydraulic presses for working metal decreased by -7.4% to X units in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 39%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, hydraulic press exports reduced to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 46%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), Germany (X units) and Belarus (X units) were the main destinations of hydraulic press exports from Turkey, with a combined 28% share of total exports. Algeria, Russia, India, Iraq, Senegal, South Africa, the Netherlands, Poland, Iran and Romania lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +61.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic press exported from Turkey were India ($X), Russia ($X) and Poland ($X), with a combined 29% share of total exports.

India, with a CAGR of +92.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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 hydraulic press export price stood at $X per unit in 2022, with a decrease of -1.6% against the previous year. In general, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2015 an increase of 22%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Malaysia ($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 India (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Turkey

Hydraulic press imports into Turkey declined remarkably to X units in 2022, reducing by -33% on 2021 figures. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 228%. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, hydraulic press imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of hydraulic press imports to Turkey, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of hydraulic presses for working metal to Turkey, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.9% per year) and Germany (-10.4% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, growing by 9.7% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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