Turkey: Diode Market 2024

Diode Market Size in Turkey

In 2021, the Turkish diode market increased by 40% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Diode Exports

Exports from Turkey

Diode exports from Turkey skyrocketed to X units in 2021, jumping by 248% compared with the previous year's figure. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diode exports soared to $X in 2021. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), Iran (X units) and Brazil (X units) were the main destinations of diode exports from Turkey, together accounting for 34% of total exports. These countries were followed by Germany, Austria, Turkmenistan, Algeria, Hong Kong SAR, Ireland, the UK, Georgia, Taiwan (Chinese) and the United States, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +195.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diode exported from Turkey were China ($X), the United States ($X) and Germany ($X), together accounting for 33% of total exports. These countries were followed by Iran, Hong Kong SAR, Ireland, Brazil, the UK, Taiwan (Chinese), Austria, Algeria, Georgia and Turkmenistan, which together accounted for a further 41%.

Ireland, with a CAGR of +164.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 diode export price amounted to $X per unit, picking up by 14% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diode export price increased by +25.1% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkmenistan ($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 Hong Kong SAR (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Diode Imports

Imports into Turkey

In 2021, overseas purchases of diodes, other than photosensitive or light emitting diodes increased by 21% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, diode imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest diode supplier to Turkey, accounting for a 68% share of total imports. Moreover, diode imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.2% per year) and Italy (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of diodes, other than photosensitive or light emitting diodes to Turkey, comprising 56% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.3% per year) and Thailand (+31.1% per year).

Import Prices by Country

In 2021, the average diode import price amounted to $X per unit, surging by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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