Turkey: Grinding Machine Market 2024

Grinding Machine Market Size in Turkey

The Turkish grinding machine market dropped rapidly to $X in 2021, with a decrease of -20.8% against the previous year. In general, consumption, however, saw prominent growth. Grinding machine consumption peaked at $X in 2020, and then fell dramatically in the following year.

Grinding Machine Production in Turkey

In value terms, grinding machine production amounted to $X in 2021 estimated in export price. Overall, production saw a abrupt setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 22%. Grinding machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Grinding Machine Exports

Exports from Turkey

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were exported from Turkey; rising by 66% compared with the previous year's figure. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, grinding machine exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 109%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units), Kazakhstan (X units) and Russia (X units) were the main destinations of grinding machine exports from Turkey, together comprising 24% of total exports. Uzbekistan, Morocco, Israel, Germany, Iraq, Japan, Romania, Azerbaijan, Iran and the Netherlands lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +109.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Germany ($X) and Russia ($X) constituted the largest markets for grinding machine exported from Turkey worldwide, together comprising 29% of total exports. Uzbekistan, Iran, Israel, Kazakhstan, Iraq, Morocco, Romania, Azerbaijan, Japan and the Netherlands lagged somewhat behind, together accounting for a further 33%.

Morocco, with a CAGR of +104.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, increasing by 1.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per unit), while the average price for exports to Morocco ($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 Iraq (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Turkey

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were imported into Turkey; jumping by 44% against 2020. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 +47.7% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding machine imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +90.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of grinding machine imports to Turkey, with a combined 69% share of total imports. These countries were followed by Austria, Sweden, South Korea, the Netherlands, Ireland, India, the UK and France, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine suppliers to Turkey were Germany ($X), Italy ($X) and China ($X), with a combined 62% share of total imports. The Netherlands, Sweden, Austria, the UK, India, Ireland, South Korea and France lagged somewhat behind, together comprising a further 24%.

Sweden, with a CAGR of +36.1%, saw 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 grinding machine import price stood at $X per unit in 2021, shrinking by -3.5% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2020 an increase of 40%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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