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

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

The Turkish non-numerically controlled sharpening machine market reached $X in 2022, growing by 2.7% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

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

In value terms, non-numerically controlled sharpening machine production declined to $X in 2022 estimated in export price. Overall, production showed a pronounced curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 48% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Turkey

In 2022, non-numerically controlled sharpening machine exports from Turkey skyrocketed to X units, increasing by 32% against the year before. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 91% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 145%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Ghana (X units) and Iraq (X units) were the main destinations of non-numerically controlled sharpening machine exports from Turkey, with a combined 23% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +74.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Russia ($X) and Romania ($X) appeared to be the largest markets for non-numerically controlled sharpening machine exported from Turkey worldwide, with a combined 34% share of total exports. Bulgaria, Ukraine, Belgium, Georgia, Germany, Iraq, Azerbaijan, the Netherlands, Serbia and Ghana lagged somewhat behind, together comprising a further 20%.

Belgium, with a CAGR of +184.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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-numerically controlled sharpening machine export price stood at $X per unit in 2022, with an increase of 16% against the previous year. Overall, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Ghana ($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 Belgium (+68.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Turkey

In 2022, purchases abroad of non-numerically controlled sharpening machines for working metal increased by 36% to X units, rising for the third year in a row after two years of decline. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 105% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +131.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of non-numerically controlled sharpening machine to Turkey, accounting for a 99% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.9%.

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Turkey, comprising 35% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.3%.

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, dropping by -2% against the previous year. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in 2016 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum 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 Taiwan (Chinese) ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.4%).

Source: IndexBox Platform

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