Turkey: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Turkey

In 2021, the Turkish non-electronic hydro- and hygrometers market increased by 19% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded resilient growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Turkey

Non-electronic hydro- and hygrometers exports from Turkey surged to X units in 2021, rising by 23% compared with the previous year's figure. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 102%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 111% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units), Germany (X units) and Russia (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Turkey, together comprising 37% of total exports. Slovenia, Algeria, Georgia, Turkmenistan, Iran, Iraq, Hong Kong SAR, the UK, Oman and Senegal lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Senegal (with a CAGR of +106.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Uzbekistan ($X) and Georgia ($X) constituted the largest markets for non-electronic hydro- and hygrometers exported from Turkey worldwide, together comprising 29% of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +98.4%, recorded 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

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, which is down by -2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 16%. The export price peaked at $X per unit in 2016; however, from 2017 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, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Senegal ($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 the UK (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Turkey

In 2021, purchases abroad of non-electronic hydro-, hygro-, psychrometers increased by 12% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% 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 +66.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-electronic hydro- and hygrometers imports skyrocketed to $X in 2021. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest non-electronic hydro- and hygrometers supplier to Turkey, accounting for a 32% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and South Korea (+73.9% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Turkey were Germany ($X), the United States ($X) and China ($X), with a combined 55% share of total imports. These countries were followed by Bulgaria, Israel, Italy, the Netherlands, South Korea, Thailand and India, which together accounted for a further 25%.

Bulgaria, with a CAGR of +166.4%, recorded 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

In 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, surging by 15% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers import price decreased by -19.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 41%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained 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 Germany ($X per unit), while the price for South Korea ($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 United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :