Turkey: Electric Rotary Converter Market 2025

Electric Rotary Converter Market Size in Turkey

The Turkish electric rotary converter market dropped notably to $X in 2021, with a decrease of -91.9% against the previous year. Over the period under review, consumption faced a sharp contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in Turkey

In value terms, electric rotary converter production totaled $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 8.3%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Electric Rotary Converter Exports

Exports from Turkey

In 2021, the amount of electric rotary converters exported from Turkey surged to X units, growing by 289% against the previous year's figure. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 362% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric rotary converter exports soared to $X in 2021. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X units), Congo (X units) and Cyprus (X units) were the main destinations of electric rotary converter exports from Turkey, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Congo (with a CAGR of +265.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for electric rotary converters exports from Turkey, comprising 55% of total exports. The second position in the ranking was held by Congo ($X), with a 14% share of total exports. It was followed by Libya, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Portugal totaled +226.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+121.6% per year) and Libya (+48.2% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, surging by 252% against the previous year. In general, the export price, however, recorded a noticeable downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Portugal ($X per unit), while the average price for exports to Greece ($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 Portugal (+210.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Turkey

In 2021, after six years of decline, there was significant growth in supplies from abroad of electric rotary converters, when their volume increased by 39% to X units. Overall, imports, however, continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2014 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 690% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X units) was the main supplier of electric rotary converter to Turkey, with a 99% share of total imports. It was followed by Denmark (X units), with a 0.4% share of total imports. China (X units) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-51.7% per year) and China (-41.1% per year).

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to Turkey, comprising 99% of total imports. The second position in the ranking was held by the UK ($X), with a 0.3% share of total imports. It was followed by Denmark, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.3% per year) and Denmark (-17.1% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, increasing by 179% against the previous year. In general, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 an increase of 978% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+134.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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