Turkey: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Turkey

In 2021, the Turkish market for parts of apparatus of hs increased by 3.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Parts Of Apparatus Of Hs

Exports from Turkey

In 2021, the amount of parts of apparatus of hs exported from Turkey surged to X units, picking up by 23% against 2020. Overall, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.4% against 2017 indices. The growth pace was the most rapid in 2014 when exports increased by 39% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.1% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units), Azerbaijan (X units) and Turkmenistan (X units) were the main destinations of parts of apparatus of hs exports from Turkey, with a combined 39% share of total exports. These countries were followed by Iran, Iraq, Serbia, Cyprus, Croatia, Bulgaria, Uzbekistan, North Macedonia, China and Germany, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +122.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Turkmenistan ($X) and Iraq ($X) constituted the largest markets for parts of apparatus of hs exported from Turkey worldwide, together accounting for 24% of total exports. Germany, Cyprus, Uzbekistan, the United States, Iran, Serbia, Croatia, Bulgaria, China and North Macedonia lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +134.9%, saw the highest rates of growth with regard to 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

The average export price for parts of apparatus of hs stood at $X per unit in 2021, approximately equating the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +17.9% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 67%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 Germany (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Turkey

In 2021, the amount of parts of apparatus of hs imported into Turkey declined to X units, which is down by -9.1% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. Imports peaked at X units in 2020, and then declined in the following year.

In value terms, parts of apparatus of hs imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of apparatus of hs to Turkey, accounting for a 81% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), ninefold. Hungary (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.2% per year) and Hungary (+68.8% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Turkey, comprising 62% of total imports. The second position in the ranking was held by Vietnam ($X), with a 7.5% share of total imports. It was followed by Hungary, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+25.0% per year) and Hungary (+50.6% per year).

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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