Turkey: Pump For Liquid Market 2024

Pump For Liquid Market Size in Turkey

The Turkish pump for liquid market soared to $X in 2021, jumping by 37% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.3% against 2019 indices. Pump for liquid consumption peaked in 2021 and is expected to retain growth in the immediate term.

Pump For Liquid Production in Turkey

In value terms, pump for liquid production contracted slightly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Pump For Liquid Exports

Exports from Turkey

For the fifth consecutive year, Turkey recorded growth in overseas shipments of pumps for liquids and liquid elevators, which increased by 22% to X units in 2021. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 79%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, pump for liquid exports soared to $X in 2021. Overall, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for pump for liquid exports from Turkey, with a 15% share of total exports. Moreover, pump for liquid exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), threefold. Ukraine (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+33.4% per year) and Ukraine (+7.9% per year).

In value terms, Germany ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Turkey, comprising 34% of total exports. The second position in the ranking was held by the UK ($X), with a 3.4% share of total exports. It was followed by Russia, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.6% per year) and Russia (+18.6% per year).

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, jumping by 74% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ukraine ($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 Russia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Turkey

In 2021, the amount of pumps for liquids and liquid elevators imported into Turkey surged to X units, growing by 43% on the year before. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 54% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, pump for liquid imports surged to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of pump for liquid imports to Turkey, with a combined 81% share of total imports. These countries were followed by India, Thailand and France, which together accounted for a further 9.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pump for liquid suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), together accounting for 48% of total imports. These countries were followed by France, India and Thailand, which together accounted for a further 12%.

Among the main suppliers, India, with a CAGR of +13.4%, 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

The average pump for liquid import price stood at $X per unit in 2021, reducing by -12.5% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 31%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform