Turkey: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Turkey

In 2021, the Turkish liquid supply meter market decreased by -16.4% to $X, falling for the third year in a row after seven years of growth. Over the period under review, consumption continues to indicate a mild decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Liquid Supply Meter Production in Turkey

In value terms, liquid supply meter production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient increase. Liquid supply meter production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Liquid Supply Meter Exports

Exports from Turkey

In 2021, the amount of liquid supply or production meters exported from Turkey skyrocketed to X units, increasing by 21% compared with the previous year. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 158%. The exports peaked at X units in 2017; afterwards, it flattened through to 2021.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of 177% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units), Jordan (X units) and Ethiopia (X units) were the main destinations of liquid supply meter exports from Turkey, with a combined 29% share of total exports. Iran, India, Tanzania, Greece, Oman, Ecuador, Vietnam, Uganda, Tajikistan and Georgia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +187.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for liquid supply or production meters exports from Turkey, comprising 14% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 6.9% share of total exports. It was followed by Oman, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+93.3% per year) and Oman (+131.5% per year).

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, picking up by 2.1% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 9.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, 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 Oman ($X per unit), while the average price for exports to Iran ($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 Ecuador (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Liquid Supply Meter Imports

Imports into Turkey

In 2021, the amount of liquid supply or production meters imported into Turkey skyrocketed to X units, increasing by 19% against the previous year's figure. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, liquid supply meter imports rose significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of liquid supply meter to Turkey, accounting for a 84% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Italy (-6.3% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest liquid supply meter suppliers to Turkey, with a combined 69% share of total imports. France and Poland lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Poland, with a CAGR of +11.5%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, falling by -8.8% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2015 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, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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