Turkey: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Turkey

The Turkish pneumatic elevator market soared to $X in 2022, increasing by 17% against the previous year. In general, consumption saw a significant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pneumatic Elevator Production in Turkey

In value terms, pneumatic elevator production reduced to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 171%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Pneumatic Elevator Exports

Exports from Turkey

In 2022, shipments abroad of pneumatic elevators and conveyors increased by 0.9% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic elevator exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkmenistan (X units), Russia (X units) and Romania (X units) were the main destinations of pneumatic elevator exports from Turkey, with a combined 44% share of total exports. Algeria, Italy, Libya, Cabo Verde, Iraq, Moldova, Greece, Uzbekistan, Germany and Nigeria lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +40.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X), Russia ($X) and Romania ($X) constituted the largest markets for pneumatic elevator exported from Turkey worldwide, with a combined 44% share of total exports. Algeria, Italy, Libya, Cabo Verde, Iraq, Moldova, Greece, Uzbekistan, Nigeria and Germany lagged somewhat behind, together accounting for a further 30%.

Greece, with a CAGR of +48.4%, recorded the highest growth rate of 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

The average pneumatic elevator export price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uzbekistan ($X per unit) and Nigeria ($X per unit), while the average price for exports to Moldova ($X per unit) and Greece ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Turkey

In 2022, overseas purchases of pneumatic elevators and conveyors increased by 13% to X units, rising for the third year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 110% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, pneumatic elevator imports contracted to $X in 2022. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 108%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of pneumatic elevator imports to Turkey, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to Turkey were Italy ($X), China ($X) and Germany ($X), with a combined 64% share of total imports. Spain, France, Austria and the United States lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Spain, with a CAGR of +19.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pneumatic elevator import price amounted to $X per unit, declining by -14.5% against the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 0.1%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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