Turkey: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Turkey

In 2021, the Turkish machine-tool for removing material market increased by 56% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Turkey

In value terms, machine-tool for removing material production soared to $X in 2021 estimated in export price. In general, production enjoyed significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 240% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Turkey

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from Turkey; increasing by 10% compared with 2020. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 64%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports showed a buoyant increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X units), South Sudan (X units) and France (X units) were the main destinations of machine-tool for removing material exports from Turkey, with a combined 21% share of total exports. Uzbekistan, the UK, Poland, Germany, Algeria, Azerbaijan, Georgia, the Netherlands, Israel and Egypt lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +66.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest markets for machine-tool for removing material exported from Turkey worldwide, with a combined 17% share of total exports. The UK, Germany, Israel, Egypt, Algeria, Uzbekistan, Iraq, Azerbaijan, Georgia and South Sudan lagged somewhat behind, together accounting for a further 15%.

Egypt, with a CAGR of +37.2%, recorded the highest growth rate of 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 machine-tool for removing material export price stood at $X per unit in 2021, rising by 28% against the previous year. Overall, the export price, however, showed a abrupt slump. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat 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 the Netherlands ($X per unit), while the average price for exports to South Sudan ($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 Egypt (+5.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Turkey

In 2021, the amount of machine-tools for working any material by removal of material imported into Turkey rose slightly to X units, picking up by 4.5% compared with 2020 figures. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 97% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +127.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 64% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for removing material to Turkey, accounting for a 78% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.2% per year) and Germany (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Turkey, comprising 38% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-1.2% per year) and Germany (+1.1% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, rising by 33% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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