Turkey: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Turkey

The Turkish market for machine-tools for working stone, ceramics, and concrete dropped rapidly to $X in 2022, falling by -57.9% against the previous year. Overall, consumption showed a slight setback. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Turkey

In value terms, machine tools for working stone production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 211%. Machine tools for working stone production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Turkey

In 2022, exports of machine-tools for working stone, ceramics, and concrete from Turkey skyrocketed to X units, rising by 31% compared with 2021 figures. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, machine tools for working stone exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units), Uzbekistan (X units) and Romania (X units) were the main destinations of machine tools for working stone exports from Turkey, with a combined 57% share of total exports. Germany, Syrian Arab Republic, Russia, Iraq, Kyrgyzstan, Serbia, Malawi, North Macedonia and Iran lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of +197.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Turkey, comprising 28% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Russia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan amounted to +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+73.4% per year) and Russia (+23.3% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 52%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Egypt ($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 Malawi (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Turkey

In 2022, the amount of machine-tools for working stone, ceramics, and concrete imported into Turkey surged to X units, rising by 99% against 2021. Over the period under review, imports enjoyed a slight expansion. The growth pace was the most rapid in 2021 with an increase of 115%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports soared to $X in 2022. In general, imports posted measured growth. The growth pace was the most rapid in 2018 when imports increased by 210% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Austria (X units) were the main suppliers of machine tools for working stone imports to Turkey, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Turkey were China ($X), Italy ($X) and Austria ($X), together accounting for 89% of total imports.

Among the main suppliers, Austria, with a CAGR of +24.4%, 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 import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, growing by 11% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone import price increased by +18.0% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 79%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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