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

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

In 2021, after four years of growth, there was significant decline in the Turkish numerically controlled drilling machine market, when its value decreased by -40.5% to $X. In general, consumption, however, showed noticeable growth. Numerically controlled drilling machine consumption peaked at $X in 2020, and then declined dramatically in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Turkey

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. Overall, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. Numerically controlled drilling machine production peaked at $X in 2020, and then shrank in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Turkey

In 2021, exports of numerically controlled drilling machines for working metal from Turkey surged to X tons, rising by 164% on the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 221% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of 156% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X tons), Serbia (X tons) and Russia (X tons) were the main destinations of numerically controlled drilling machine exports from Turkey, with a combined 30% share of total exports. These countries were followed by Hungary, the UK, Israel, Azerbaijan, Uzbekistan, Ghana, Liberia, Italy, North Macedonia and Ukraine, which together accounted for a further 52%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +944.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Qatar ($X) and Israel ($X) constituted the largest markets for numerically controlled drilling machine exported from Turkey worldwide, with a combined 34% share of total exports.

Israel, with a CAGR of +1,405.6%, 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

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, dropping by -8.4% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 42%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Israel ($X per ton), while the average price for exports to North Macedonia ($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 Israel (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Turkey

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Turkey; with an increase of 32% on the year before. Over the period under review, imports, however, saw a perceptible contraction. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports soared to $X in 2021. In general, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 54% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of numerically controlled drilling machine imports to Turkey, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Turkey, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and France (+4.9% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, rising by 4.1% against the previous year. Overall, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2019 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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