Turkey: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Turkey

The Turkish confectionery-making industrial machinery market amounted to $X in 2022, increasing by 4.7% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Production in Turkey

In value terms, confectionery-making industrial machinery production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 355%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports from Turkey

Confectionery-making industrial machinery exports from Turkey stood at X units in 2022, growing by 7.1% against the year before. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, confectionery-making industrial machinery exports expanded rapidly to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan (X units), Russia (X units) and Morocco (X units) were the main destinations of confectionery-making industrial machinery exports from Turkey, with a combined 36% share of total exports. Algeria, Jordan, Pakistan, Turkmenistan, Bangladesh, India, Ghana, Bulgaria, Egypt and Azerbaijan 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 Bulgaria (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery-making industrial machinery exported from Turkey were Russia ($X), Uzbekistan ($X) and Morocco ($X), together accounting for 35% of total exports. Jordan, Algeria, Pakistan, Turkmenistan, Bangladesh, Bulgaria, Ghana, India, Azerbaijan and Egypt lagged somewhat behind, together accounting for a further 33%.

Bulgaria, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of exports, among 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 confectionery-making industrial machinery export price stood at $X per unit in 2022, surging by 7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per unit; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to India ($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 Azerbaijan (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Turkey

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were imported into Turkey; growing by 22% against the previous year's figure. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 125%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of confectionery-making industrial machinery imports to Turkey, together comprising 69% of total imports. These countries were followed by Australia, Italy, Switzerland, Denmark, Bulgaria and the UK, which together accounted for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +62.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery suppliers to Turkey were Germany ($X), the Netherlands ($X) and China ($X), with a combined 65% share of total imports. These countries were followed by Switzerland, Australia, Italy, Denmark, Bulgaria and the UK, which together accounted for a further 27%.

Bulgaria, with a CAGR of +85.0%, 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

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, waning by -1.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 Switzerland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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