Turkey: Non-Household Fan Market 2024

Non-Household Fan Market Size in Turkey

After two years of growth, the Turkish non-household fan market decreased by -50.2% to $X in 2022. In general, consumption showed a slight contraction. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Non-Household Fan Production in Turkey

In value terms, non-household fan production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when the production volume increased by 62% against the previous year. Non-household fan production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Household Fan Exports

Exports from Turkey

After two years of growth, shipments abroad of non-household ventilation fans decreased by -32.3% to X units in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 51%. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, non-household fan exports fell sharply to $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Germany (X units), Russia (X units) and Iran (X units) were the main destinations of non-household fan exports from Turkey, with a combined 33% share of total exports. The United States, France, Egypt, Uzbekistan, Poland, Italy, South Africa, Algeria, Romania and the Czech Republic lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +82.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-household fan exported from Turkey were Germany ($X), Russia ($X) and the United States ($X), together comprising 25% of total exports. France, Iran, Uzbekistan, Poland, Egypt, South Africa, Romania, Algeria, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 28%.

South Africa, with a CAGR of +76.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, dropping by -1.5% against the previous year. In general, the export price continues to indicate a slight decline. The pace of growth was the most pronounced in 2019 an increase of 48% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Egypt ($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 France (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Turkey

In 2022, purchases abroad of non-household ventilation fans decreased by -53.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, non-household fan imports dropped dramatically to $X in 2022. In general, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Turkey, with a 70% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. The third position in this ranking was held by Hungary (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+10.5% per year) and Hungary (+27.7% per year).

In value terms, the largest non-household fan suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), with a combined 66% share of total imports. Hungary, Poland, Romania, Slovenia and Vietnam lagged somewhat behind, together comprising a further 16%.

Vietnam, with a CAGR of +99.9%, saw the highest growth rate of 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 non-household fan import price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform