Turkey: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Turkey

In 2021, the Turkish mounting lifting equipment market decreased by -2.8% to $X, falling for the third consecutive year after four years of growth. Overall, consumption showed a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Mounting Lifting Equipment Production in Turkey

In value terms, mounting lifting equipment production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Mounting Lifting Equipment Exports

Exports from Turkey

Mounting lifting equipment exports from Turkey surged to X units in 2021, increasing by 55% on the year before. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, mounting lifting equipment exports skyrocketed to $X in 2021. Overall, exports showed pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by 61% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X units), Ukraine (X units) and Algeria (X units) were the main destinations of mounting lifting equipment exports from Turkey, with a combined 36% share of total exports. The United States, Singapore, Vietnam, the Netherlands, Israel, Colombia, Jordan, Kazakhstan, Tunisia and India lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Iraq ($X) and Ukraine ($X) were the largest markets for mounting lifting equipment exported from Turkey worldwide, with a combined 40% share of total exports. These countries were followed by the United States, Singapore, Vietnam, the Netherlands, Israel, Colombia, Kazakhstan, Jordan, India and Tunisia, which together accounted for a further 39%.

In terms of the main countries of destination, Colombia, with a CAGR of +187.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, which is down by -19.7% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Jordan ($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 Colombia (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Turkey

Mounting lifting equipment imports into Turkey rose sharply to X units in 2021, increasing by 5.4% on the previous year. Over the period under review, imports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when imports increased by 129% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, mounting lifting equipment imports reduced rapidly to $X in 2021. In general, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 when imports increased by 55%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X units), Italy (X units) and Austria (X units) were the main suppliers of mounting lifting equipment imports to Turkey, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +71.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Austria ($X) and Poland ($X) were the largest mounting lifting equipment suppliers to Turkey, with a combined 83% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +68.0%, saw the highest rates of growth with regard to 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 mounting lifting equipment import price stood at $X per unit in 2021, waning by -28.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 94% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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