Turkey: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Turkey

In 2021, the Turkish market for in-hand motor grinders, sanders and planers increased by 66% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +156.6% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Turkey

Exports of in-hand motor grinders, sanders and planers from Turkey surged to X units in 2021, rising by 17% compared with 2020. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers amounted to $X in 2021. Over the period under review, exports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of 61% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X units), Iran (X units) and Bulgaria (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Turkey, with a combined 38% share of total exports. Cyprus, Germany, Belgium, Uzbekistan, Iraq, Serbia, Morocco, the UK, Georgia and Syrian Arab Republic lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +94.5%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Turkey, comprising 21% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.4% share of total exports. It was followed by Libya, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Iran totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.5% per year) and Libya (+27.3% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with a decrease of -6.2% against the previous year. Over the period under review, the export price showed a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 25%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Morocco ($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 Bulgaria (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Turkey

In 2021, overseas purchases of in-hand motor grinders, sanders and planers increased by 63% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +235.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 106%. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main electromechanical tools for working in the hand, with self-contained electric motor supplier to Turkey, with a 92% share of total imports. It was followed by Germany (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.9% per year) and Malaysia (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Turkey, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Malaysia (-8.1% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, picking up by 1.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 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, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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