Turkey: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Turkey

After three years of decline, the Turkish stone sawing machine market increased by 9.3% to $X in 2021. Over the period under review, consumption, however, saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Stone Sawing Machine Production in Turkey

In value terms, stone sawing machine production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 33%. Stone sawing machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stone Sawing Machine Exports

Exports from Turkey

Stone sawing machine exports from Turkey soared to X units in 2021, increasing by 119% compared with the previous year. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 263%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, stone sawing machine exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 207% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for stone sawing machine exports from Turkey, accounting for a 43% share of total exports. Moreover, stone sawing machine exports to the Netherlands exceeded the volume sent to the second major destination, Oman (X units), fourfold. The third position in this ranking was taken by Iraq (X units), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +189.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+57.5% per year) and Iraq (+9.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Turkey, comprising 24% of total exports. The second position in the ranking was held by Serbia ($X), with a 6.1% share of total exports. It was followed by Kyrgyzstan, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +155.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+94.8% per year) and Kyrgyzstan (+49.4% per year).

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, reducing by -16.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per unit), while the average price for exports to Oman ($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 Iraq (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Turkey

In 2021, supplies from abroad of sawing machines for working stone, ceramics and concrete increased by 98% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a deep downturn. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports soared to $X in 2021. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of stone sawing machine imports to Turkey, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -4.2%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Turkey, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.7% per year) and Germany (-9.8% per year).

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, reducing by -17.4% against the previous year. In general, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 102%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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