Turkey: Pile-Driver Market 2024

Pile-Driver Market Size in Turkey

In 2021, after two years of growth, there was significant decline in the Turkish pile-driver market, when its value decreased by -43% to $X. Over the period under review, consumption saw a deep contraction. Pile-driver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pile-Driver Production in Turkey

In value terms, pile-driver production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 3%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Pile-Driver Exports

Exports from Turkey

In 2021, after two years of decline, there was significant growth in shipments abroad of pile-drivers and pile-extractors, when their volume increased by 296% to X units. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pile-driver exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for pile-driver exports from Turkey, with a 25% share of total exports. Moreover, pile-driver exports to the United States exceeded the volume sent to the second major destination, Jordan (X units), twofold. The third position in this ranking was taken by New Zealand (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+88.8% per year) and New Zealand (+38.9% per year).

In value terms, the United States ($X) remains the key foreign market for pile-drivers and pile-extractors exports from Turkey, comprising 36% of total exports. The second position in the ranking was held by Jordan ($X), with a 4.5% share of total exports. It was followed by Iraq, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +68.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+127.3% per year) and Iraq (+84.4% per year).

Export Prices by Country

The average pile-driver export price stood at $X per unit in 2021, with an increase of 9.3% against the previous year. In general, the export price recorded a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iraq ($X per unit), while the average price for exports to New Zealand ($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 Senegal (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pile-Driver Imports

Imports into Turkey

In 2021, purchases abroad of pile-drivers and pile-extractors increased by 200% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, recorded a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of 278%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, pile-driver imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 628,351% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan (X units), Saudi Arabia (X units) and Italy (X units) were the main suppliers of pile-driver imports to Turkey.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of pile-drivers and pile-extractors to Turkey, comprising 58% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+44.5% per year) and Italy (-18.9% per year).

Import Prices by Country

In 2021, the average pile-driver import price amounted to $X per unit, with an increase of 73% against the previous year. Overall, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 an increase of 570% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+75.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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