Turkey: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Turkey

The Turkish market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank slightly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption recorded a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Turkey

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids fell sharply to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 222% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Turkey

In 2022, overseas shipments of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 13% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids rose remarkably to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +136.3% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Turkey, with a 18% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Russia exceeded the volume sent to the second major destination, Iraq (X units), twofold. Egypt (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+4.8% per year) and Egypt (+21.7% per year).

In value terms, Russia ($X) remains the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Turkey, comprising 13% of total exports. The second position in the ranking was held by Iraq ($X), with a 6% share of total exports. It was followed by Egypt, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-1.6% per year) and Egypt (+15.2% per year).

Export Prices by Country

In 2022, the average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, which is down by -3.5% against the previous year. Overall, the export price showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Poland ($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 Italy (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Turkey

In 2022, the amount of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids imported into Turkey soared to X units, picking up by 71% compared with 2021 figures. Overall, imports recorded temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 63%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Turkey, together accounting for 85% of total imports. Japan, South Korea and Denmark lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +81.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), together accounting for 79% of total imports. Denmark, South Korea and Japan lagged somewhat behind, together accounting for a further 6%.

Japan, with a CAGR of +60.5%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, shrinking by -27.4% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :