Turkey: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Turkey

In 2021, after two years of growth, there was significant decline in the Turkish food manufacture machinery market, when its value decreased by -13.6% to $X. In general, the total consumption indicated a notable increase from 2012 to 2021: its value 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. Food manufacture machinery consumption peaked at $X in 2020, and then shrank in the following year.

Food Manufacture Machinery Production in Turkey

In value terms, food manufacture machinery production reduced to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 39%. Food manufacture machinery production peaked at $X in 2020, and then reduced in the following year.

Food Manufacture Machinery Exports

Exports from Turkey

In 2021, food manufacture machinery exports from Turkey rose remarkably to X units, growing by 8.8% on 2020 figures. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 59%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, food manufacture machinery exports dropped to $X in 2021. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 60% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X units), Libya (X units) and Iraq (X units) were the main destinations of food manufacture machinery exports from Turkey, with a combined 29% share of total exports. These countries were followed by Russia, Morocco, Romania, France, Israel, Egypt, the United States, Uzbekistan, Germany and the United Arab Emirates, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for food manufacture machinery exported from Turkey were Libya ($X), Romania ($X) and Iraq ($X), together comprising 30% of total exports. Georgia, France, Russia, Morocco, the United States, Germany, Israel, Egypt, Uzbekistan and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, France, with a CAGR of +57.8%, recorded the highest growth rate of 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 2021, the average food manufacture machinery export price amounted to $X per unit, shrinking by -12.7% against the previous year. In general, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 23%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Libya ($X per unit), while the average price for exports to Georgia ($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 Libya (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Turkey

Food manufacture machinery imports into Turkey contracted rapidly to X units in 2021, dropping by -22% on the previous year's figure. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 360%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, food manufacture machinery imports totaled $X in 2021. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 180%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Norway (X units) and Germany (X units) were the main suppliers of food manufacture machinery imports to Turkey, with a combined 71% share of total imports. These countries were followed by Spain, Denmark, Italy and France, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to Turkey were Norway ($X), Germany ($X) and China ($X), with a combined 72% share of total imports. These countries were followed by Denmark, Spain, Italy and France, which together accounted for a further 17%.

Spain, with a CAGR of +33.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, jumping by 32% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 54% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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