Turkey: Electroplating Machine Market 2024

Electroplating Machine Market Size in Turkey

In 2021, the Turkish electroplating machine market increased by 134% to $X, rising for the second year in a row after three years of decline. Overall, consumption posted a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Electroplating Machine Production in Turkey

In value terms, electroplating machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 106%. Electroplating machine production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electroplating Machine Exports

Exports from Turkey

Electroplating machine exports from Turkey declined sharply to X units in 2021, which is down by -24.1% against the previous year's figure. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 532% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, electroplating machine exports rose rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 464%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for electroplating machine exports from Turkey, with a 41% share of total exports. Moreover, electroplating machine exports to Uzbekistan exceeded the volume sent to the second major destination, Austria (X units), twofold. Saudi Arabia (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan totaled +150.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+209.7% per year) and Saudi Arabia (+28.6% per year).

In value terms, Austria ($X), Uzbekistan ($X) and Estonia ($X) appeared to be the largest markets for electroplating machine exported from Turkey worldwide, with a combined 65% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +187.1%, saw 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 electroplating machine export price amounted to $X per unit, surging by 51% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electroplating machine export price increased by +89.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Saudi Arabia ($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 Estonia (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Turkey

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 257% to X units, rising for the second year in a row after three years of decline. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 401%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electroplating machine imports skyrocketed to $X in 2021. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 143%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electroplating machine supplier to Turkey, accounting for a 72% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. The UK (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.2% per year) and the UK (+77.4% per year).

In value terms, China ($X), Italy ($X) and the UK ($X) constituted the largest electroplating machine suppliers to Turkey, with a combined 84% share of total imports.

Among the main suppliers, the UK, with a CAGR of +61.1%, recorded 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

In 2021, the average electroplating machine import price amounted to $X per unit, waning by -42.9% against the previous year. Overall, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 132%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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