Turkey: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Turkey

The Turkish non-hydraulic press market rose rapidly to $X in 2021, with an increase of 9% against the previous year. In general, consumption saw a resilient expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Non-Hydraulic Press Production in Turkey

In value terms, non-hydraulic press production reduced rapidly to $X in 2021 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 107%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Non-Hydraulic Press Exports

Exports from Turkey

In 2021, approx. X units of non-hydraulic presses for working metal were exported from Turkey; increasing by 216% on the year before. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-hydraulic press exports soared to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 104%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X units) was the main destination for non-hydraulic press exports from Turkey, with a 46% share of total exports. Moreover, non-hydraulic press exports to Iraq exceeded the volume sent to the second major destination, Italy (X units), sevenfold. Israel (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+64.5% per year) and Israel (+104.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for non-hydraulic presses for working metal exports from Turkey, comprising 31% of total exports. The second position in the ranking was held by Iraq ($X), with a 12% share of total exports. It was followed by Algeria, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +137.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+16.9% per year) and Algeria (-2.0% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, with a decrease of -56.7% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat 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 the United States ($X per unit), while the average price for exports to Iraq ($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 Bulgaria (+0.4%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Turkey

In 2021, imports of non-hydraulic presses for working metal into Turkey soared to X units, surging by 52% against the previous year's figure. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, non-hydraulic press imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 78%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of non-hydraulic press imports to Turkey, together accounting for 79% of total imports. The United Arab Emirates, South Korea, Taiwan (Chinese), Japan and Switzerland lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +233.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and South Korea ($X) constituted the largest non-hydraulic press suppliers to Turkey, with a combined 72% share of total imports. These countries were followed by Japan, Italy, Taiwan (Chinese), the United Arab Emirates and Switzerland, which together accounted for a further 24%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +1,733.2%, 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 more modest paces of growth.

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, dropping by -8.6% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-hydraulic press import price increased by +28.8% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 41%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

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 Japan ($X per unit), while the price for Switzerland ($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 Arab Emirates (+465.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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