Turkey: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Turkey

The Turkish sugar-manufacturing industrial machinery market declined rapidly to $X in 2022, with a decrease of -34.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Turkey

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar exported from Turkey rose remarkably to X units, picking up by 13% compared with the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 337% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports fell sharply to $X in 2022. Overall, exports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 59%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cameroon (X units), Ukraine (X units) and Russia (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Turkey, together comprising 62% of total exports. These countries were followed by Niger, Nigeria, Kazakhstan, Ethiopia and Spain, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cameroon ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Turkey, comprising 37% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total exports. It was followed by Ukraine, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cameroon stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+27.9% per year) and Ukraine (-1.4% per year).

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, reducing by -42.5% against the previous year. Overall, the export price showed a pronounced slump. The growth pace was the most rapid in 2018 when the average export price increased by 313%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Niger ($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 Spain (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Turkey

In 2022, imports of industrial machinery for the manufacture or preparation of sugar into Turkey shrank rapidly to X units, falling by -29.7% compared with the year before. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 366%. Over the period under review, imports hit record highs at X units in 2021, and then declined significantly in the following year.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2015 when imports increased by 373%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Turkey, together accounting for 76% of total imports. Norway, Belgium, France and China lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +90.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Czech Republic ($X) were the largest sugar-manufacturing industrial machinery suppliers to Turkey, with a combined 71% share of total imports. These countries were followed by Norway, France, Belgium and China, which together accounted for a further 28%.

Among the main suppliers, Norway, with a CAGR of +78.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, increasing by 70% against the previous year. In general, the import price, however, recorded a abrupt contraction. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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