Turkey: Machinery For Packing Market 2024

Machinery For Packing Market Size in Turkey

In 2022, the Turkish machinery for packing market decreased by -65.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption faced a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Machinery For Packing Production in Turkey

In value terms, machinery for packing production shrank remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 115% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Machinery For Packing Exports

Exports from Turkey

After five years of growth, overseas shipments of machinery for packing or wrapping decreased by -5.6% to X units in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, machinery for packing exports fell to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.4% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Iraq (X units), Uzbekistan (X units) and the United States (X units) were the main destinations of machinery for packing exports from Turkey, with a combined 21% share of total exports. Russia, Algeria, Italy, France, Israel, Iran, India, Libya, Germany and Serbia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Iraq ($X) and the United States ($X) appeared to be the largest markets for machinery for packing exported from Turkey worldwide, together accounting for 23% of total exports. Algeria, Italy, Uzbekistan, Israel, Germany, Iran, France, India, Serbia and Libya lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, France, with a CAGR of +23.4%, 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

In 2022, the average machinery for packing export price amounted to $X per unit, which is down by -3.7% against the previous year. Overall, the export price showed a perceptible reduction. The growth pace was the most rapid in 2013 when the average export price increased by 13%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to France ($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 Russia (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery For Packing Imports

Imports into Turkey

In 2022, after two years of growth, there was decline in overseas purchases of machinery for packing or wrapping, when their volume decreased by -1.8% to X units. In general, imports showed a slight downturn. The growth pace was the most rapid in 2021 with an increase of 29%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports shrank remarkably to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest machinery for packing supplier to Turkey, accounting for a 44% share of total imports. Moreover, machinery for packing imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.2% per year) and Germany (-1.5% per year).

In value terms, the largest machinery for packing suppliers to Turkey were Italy ($X), Germany ($X) and China ($X), with a combined 76% share of total imports.

Among the main suppliers, China, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, dropping by -33.4% against the previous year. Over the period under review, the import price showed a noticeable descent. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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