Turkey: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Turkey

In 2021, the Turkish mounted piezo-electric crystals market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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.

Mounted Piezo-Electric Crystals Exports

Exports from Turkey

In 2021, after five years of decline, there was significant growth in overseas shipments of mounted piezo-electric crystals, when their volume increased by 75% to X units. Over the period under review, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of 136% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports skyrocketed to $X in 2021. Overall, exports showed temperate growth. The growth pace was the most rapid in 2013 when exports increased by 130%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for mounted piezo-electric crystals exports from Turkey, with a 75% share of total exports. Moreover, mounted piezo-electric crystals exports to Germany exceeded the volume sent to the second major destination, Turkmenistan (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+44.5% per year) and France (+45.6% per year).

In value terms, Germany ($X) remains the key foreign market for mounted piezo-electric crystals exports from Turkey, comprising 94% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.8% share of total exports. It was followed by Turkmenistan, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.3% per year) and Turkmenistan (+52.7% per year).

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per thousand units in 2021, waning by -31.8% against the previous year. In general, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57%. The export price peaked at $X per thousand units in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per thousand units), while the average price for exports to Mali ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into Turkey

In 2021, supplies from abroad of mounted piezo-electric crystals increased by 14% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2014 when imports increased by 18%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, mounted piezo-electric crystals imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of mounted piezo-electric crystals to Turkey, with a 76% share of total imports. Moreover, mounted piezo-electric crystals imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Austria (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.5% per year) and Austria (+330.0% per year).

In value terms, Germany ($X) constituted the largest supplier of mounted piezo-electric crystals to Turkey, comprising 85% of total imports. The second position in the ranking was held by Austria ($X), with an 8.9% share of total imports. It was followed by China, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+399.5% per year) and China (+2.1% per year).

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, surging by 40% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted piezo-electric crystals import price increased by +149.5% against 2015 indices. The growth pace was the most rapid in 2016 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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