Turkey: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Turkey

After two years of decline, the Turkish market for mechanical appliances for projecting, dispersing or spraying increased by 263% to $X in 2022. Overall, consumption saw modest growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Turkey

In value terms, production of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022 estimated in export price. In general, production enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 246% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Turkey

After two years of decline, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 42% to X units in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 69% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 60% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X units), Russia (X units) and Iraq (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Turkey, together accounting for 26% of total exports. China, India, Egypt, Israel, the Czech Republic, Germany, Sudan, the United Arab Emirates, Algeria and Bangladesh lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +97.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Turkey were Russia ($X), India ($X) and Germany ($X), with a combined 24% share of total exports. Iraq, China, Hungary, Egypt, Algeria, the United Arab Emirates, Bangladesh, Israel, the Czech Republic and Sudan lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, China, with a CAGR of +110.2%, 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 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, growing by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 12%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sudan ($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 Germany (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Turkey

In 2022, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -1.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 78% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 73% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Turkey, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +84.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Turkey, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Switzerland, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Switzerland (+12.5% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, with an increase of 46% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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