Turkey: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Turkey

In 2022, the Turkish cable-making machine market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a buoyant increase. Cable-making machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cable-Making Machine Production in Turkey

In value terms, cable-making machine production amounted to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Cable-making machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cable-Making Machine Exports

Exports from Turkey

In 2022, overseas shipments of rope or cable-making machines increased by X% to X units, rising for the fifth consecutive year after three years of decline. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, cable-making machine exports skyrocketed to $X in 2022. In general, exports showed a moderate increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Qatar (X units) was the main destination for cable-making machine exports from Turkey, with a X% share of total exports. Moreover, cable-making machine exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X units), threefold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and the United States (X% per year).

In value terms, Egypt ($X) emerged as the key foreign market for rope or cable-making machines exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Egypt totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Croatia (X% per year).

Export Prices by Country

The average cable-making machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

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

Cable-Making Machine Imports

Imports into Turkey

Cable-making machine imports into Turkey surged to X units in 2022, growing by X% compared with the year before. Over the period under review, imports posted a measured increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cable-making machine imports surged to $X in 2022. Overall, imports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest cable-making machine supplier to Turkey, accounting for a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, the largest cable-making machine suppliers to Turkey were Italy ($X), China ($X) and Germany ($X), with a combined X% share of total imports. France, Spain, India and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cable-making machine import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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