Turkey: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Turkey

For the third year in a row, the Turkish lathe for removing metal market recorded decline in sales value, which decreased by -11.4% to $X in 2021. Overall, consumption recorded a abrupt descent. Lathe for removing metal consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Turkey

In value terms, lathe for removing metal production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 60%. Lathe for removing metal production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Turkey

For the fifth year in a row, Turkey recorded growth in shipments abroad of lathes for removing metal, which increased by 95% to X units in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 179% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 548% against the previous year. Over the period under review, the lafor removing metal exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X units), Uzbekistan (X units) and Turkmenistan (X units) were the main destinations of lathe for removing metal exports from Turkey, with a combined 52% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +69.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for lathes for removing metal exports from Turkey, comprising 43% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 10% share of total exports. It was followed by Turkmenistan, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+74.5% per year) and Turkmenistan (+30.5% per year).

Export Prices by Country

In 2021, the average lathe for removing metal export price amounted to $X per unit, shrinking by -19.5% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 133%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Saudi Arabia ($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 Germany (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Turkey

In 2021, the amount of lathes for removing metal imported into Turkey soared to X units, growing by 44% against the year before. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, lathe for removing metal imports surged to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +158.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and South Korea (X units) were the main suppliers of lathe for removing metal imports to Turkey, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal suppliers to Turkey were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), together comprising 76% of total imports.

South Korea, with a CAGR of +10.9%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average lathe for removing metal import price amounted to $X per unit, with an increase of 7.5% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2013 an increase of 9.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 Iran (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :