Turkey: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Turkey

The Turkish self-propelled excavating machinery market soared to $X in 2021, picking up by 28% against the previous year. In general, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in Turkey

In value terms, self-propelled excavating machinery production stood at $X in 2021 estimated in export price. Over the period under review, production saw a precipitous contraction. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9%. Self-propelled excavating machinery production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Turkey

In 2021, exports of self-propelled earth moving, excavating machinery from Turkey surged to X units, with an increase of 100% against 2020. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2015 when exports increased by 580%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports surged to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 549%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for self-propelled excavating machinery exports from Turkey, with a 68% share of total exports. Moreover, self-propelled excavating machinery exports to the United States exceeded the volume sent to the second major destination, Georgia (X units), eightfold. Canada (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+12.2% per year) and Canada (+26.0% per year).

In value terms, New Zealand ($X), Algeria ($X) and Russia ($X) appeared to be the largest markets for self-propelled excavating machinery exported from Turkey worldwide, together comprising 9% of total exports.

In terms of the main countries of destination, Algeria, with a CAGR of +40.6%, recorded 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

The average self-propelled excavating machinery export price stood at $X per unit in 2021, with an increase of 18% against the previous year. Overall, the export price, however, saw a pronounced curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to the United States ($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 Russia (-14.4%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports

Imports into Turkey

In 2021, approx. X units of self-propelled earth moving, excavating machinery were imported into Turkey; approximately reflecting the previous year's figure. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 228%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports amounted to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 199% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), Italy (X units) and Sweden (X units) were the main suppliers of self-propelled excavating machinery imports to Turkey, together accounting for 90% of total imports. These countries were followed by France, Australia and Germany, which together accounted for a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Turkey, comprising 35% of total imports. The second position in the ranking was held by Sweden ($X), with a 2.7% share of total imports. It was followed by the United States, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-8.2% per year) and the United States (-9.0% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, with an increase of 2.6% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 7.4% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+46.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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