Turkey: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Turkey

The Turkish filling containers machinery market skyrocketed to $X in 2021, increasing by 19% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Filling Containers Machinery Production in Turkey

In value terms, filling containers machinery production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. Filling containers machinery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports from Turkey

Filling containers machinery exports from Turkey surged to X units in 2021, jumping by 27% on the previous year. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, filling containers machinery exports skyrocketed to $X in 2021. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units) was the main destination for filling containers machinery exports from Turkey, with a 41% share of total exports. Moreover, filling containers machinery exports to Iraq exceeded the volume sent to the second major destination, Iran (X units), more than tenfold. The third position in this ranking was held by Algeria (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+28.4% per year) and Algeria (+20.4% per year).

In value terms, Iraq ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Turkey, comprising 35% of total exports. The second position in the ranking was taken by Algeria ($X), with a 4.5% share of total exports. It was followed by Egypt, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Iraq stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+16.0% per year) and Egypt (+10.3% per year).

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, picking up by 2.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 7%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Georgia ($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 Azerbaijan (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Turkey

In 2021, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 35% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% 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 +53.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 69%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, filling containers machinery imports skyrocketed to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +45.9% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of filling containers machinery imports to Turkey, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Turkey were Germany ($X), Italy ($X) and China ($X), together accounting for 80% of total imports. These countries were followed by France and Spain, which together accounted for a further 6.7%.

Among the main suppliers, Spain, with a CAGR of +12.8%, 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 filling containers machinery import price stood at $X per unit in 2021, with an increase of 6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Spain (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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