Turkey: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Turkey

The Turkish non-numerically controlled drilling machine market skyrocketed to $X in 2021, increasing by 64% against the previous year. Overall, consumption recorded a resilient increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Turkey

In value terms, non-numerically controlled drilling machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 57% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Turkey

In 2021, the amount of non-numerically controlled drilling machines for working metal exported from Turkey skyrocketed to X tons, jumping by 101% against 2020. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons), Iraq (X tons) and Israel (X tons) were the main destinations of non-numerically controlled drilling machine exports from Turkey, together accounting for 34% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +93.8%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Italy ($X) appeared to be the largest markets for non-numerically controlled drilling machine exported from Turkey worldwide, together comprising 52% of total exports. Iraq, Azerbaijan, Hungary, Russia, Israel, Iran, Turkmenistan, Romania, Uzbekistan and India lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Hungary, with a CAGR of +174.6%, 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

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, surging by 65% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Turkey

In 2021, supplies from abroad of non-numerically controlled drilling machines for working metal increased by 137% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a perceptible increase. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to Turkey, with a 54% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.8% per year) and Romania (+29.3% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Turkey, comprising 52% of total imports. The second position in the ranking was held by India ($X), with a 7.7% share of total imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.8% per year) and Germany (-11.0% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, shrinking by -8.2% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% 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-numerically controlled drilling machine import price decreased by -41.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 53%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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