Turkey: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Turkey

In 2021, the Turkish mechanical shovel and excavator market increased by 44% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Turkey

In value terms, mechanical shovel and excavator production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Mechanical shovel and excavator production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Turkey

In 2021, exports of mechanical shovels, excavators and shovel loaders from Turkey expanded significantly to X units, surging by 9.7% compared with the previous year. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 104%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 107% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for mechanical shovel and excavator exports from Turkey, with a 21% share of total exports. Moreover, mechanical shovel and excavator exports to Russia exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+88.9% per year) and Spain (+31.7% per year).

In value terms, Russia ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Turkey, comprising 18% of total exports. The second position in the ranking was held by Spain ($X), with a 6.9% share of total exports. It was followed by Azerbaijan, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+30.1% per year) and Azerbaijan (+4.6% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, surging by 22% against the previous year. Over the period under review, the export price, however, saw a slight descent. The growth pace was the most rapid in 2014 an increase of 22% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Egypt ($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 Serbia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Turkey

In 2021, supplies from abroad of mechanical shovels, excavators and shovel loaders increased by 117% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 163% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep setback. The growth pace was the most rapid in 2020 when imports increased by 142% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of mechanical shovel and excavator imports to Turkey, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the largest mechanical shovel and excavator suppliers to Turkey, with a combined 76% share of total imports.

Among the main suppliers, China, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, falling by -10.4% against the previous year. In general, the import price saw a slight reduction. The growth pace was the most rapid in 2018 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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