Turkey: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Turkey

In 2021, the Turkish harvesting machinery market decreased by -19.4% to $X, falling for the fourth year in a row after six years of growth. Overall, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Harvesting Machinery Production in Turkey

In value terms, harvesting machinery production shrank remarkably to $X in 2021 estimated in export price. Overall, production showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 448%. Harvesting machinery production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Harvesting Machinery Exports

Exports from Turkey

In 2021, shipments abroad of root or tuber harvesting machines increased by 15% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 90% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, harvesting machinery exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 85% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units), Iran (X units) and Sudan (X units) were the main destinations of harvesting machinery exports from Turkey, together comprising 42% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +162.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Iran ($X) and Germany ($X) appeared to be the largest markets for harvesting machinery exported from Turkey worldwide, together accounting for 48% of total exports.

Germany, with a CAGR of +154.3%, saw the highest growth rate of the value of exports, in terms of 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 harvesting machinery export price amounted to $X per unit, with an increase of 2.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 13%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Georgia ($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 Bulgaria (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Turkey

In 2021, the amount of root or tuber harvesting machines imported into Turkey dropped markedly to X units, with a decrease of -61.5% against 2020 figures. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 169% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, harvesting machinery imports declined markedly to $X in 2021. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 when imports increased by 118% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) was the main harvesting machinery supplier to Turkey, accounting for a 95% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-18.1% per year) and Denmark (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Turkey, comprising 94% of total imports. The second position in the ranking was taken by Denmark ($X), with a 3.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-4.2% per year) and the Netherlands (-24.1% per year).

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2021, with an increase of 8.2% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, harvesting machinery import price decreased by -14.7% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 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, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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