Turkey: Screwdriver Market 2024

Screwdriver Market Size in Turkey

The Turkish screwdriver market surged to $X in 2021, rising by 44% against the previous year. Over the period under review, consumption, however, showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Screwdriver Production in Turkey

In value terms, screwdriver production surged to $X in 2021 estimated in export price. Overall, production saw a buoyant expansion. Screwdriver production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Screwdriver Exports

Exports from Turkey

In 2021, shipments abroad of screwdrivers was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, screwdriver exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 81%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), Turkmenistan (X tons) and Slovakia (X tons) were the main destinations of screwdriver exports from Turkey, with a combined 34% share 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 Slovakia (with a CAGR of +67.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for screwdriver exported from Turkey were the UK ($X), Turkmenistan ($X) and Italy ($X), together accounting for 36% of total exports. These countries were followed by Azerbaijan, Slovakia, Serbia, Portugal, Israel, Libya, Iraq, Bulgaria, North Macedonia and Bosnia and Herzegovina, which together accounted for a further 23%.

In terms of the main countries of destination, Slovakia, with a CAGR of +52.7%, saw the highest growth rate of the value of exports, 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 screwdriver export price amounted to $X per ton, surging by 6.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Turkey

In 2021, purchases abroad of screwdrivers increased by 30% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, screwdriver imports surged to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by 65% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of screwdriver imports to Turkey, with a combined 90% share of total imports. These countries were followed by Taiwan (Chinese), the Czech Republic, France and Italy, which together accounted for a further 6.3%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Slovenia ($X) constituted the largest screwdriver suppliers to Turkey, with a combined 76% share of total imports. These countries were followed by the Czech Republic, Taiwan (Chinese), France and Italy, which together accounted for a further 12%.

In terms of the main suppliers, France, with a CAGR of +29.4%, 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

In 2021, the average screwdriver import price amounted to $X per ton, growing by 8.3% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, screwdriver import price increased by +34.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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