Turkey: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Turkey

The Turkish wood slicing machine market rose markedly to $X in 2021, growing by 11% against the previous year. In general, consumption, however, saw a noticeable reduction. Wood slicing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Slicing Machine Production in Turkey

In value terms, wood slicing machine production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports from Turkey

In 2021, wood slicing machine exports from Turkey shrank to X units, falling by -6.8% compared with 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 147% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports recorded a pronounced setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Bulgaria (X units) and Spain (X units) were the main destinations of wood slicing machine exports from Turkey, with a combined 40% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +53.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood slicing machine exported from Turkey were Germany ($X), Bulgaria ($X) and Poland ($X), together accounting for 58% of total exports. Romania, Iran, Morocco, Spain, Egypt, the United Arab Emirates, Argentina, Georgia, Turkmenistan and Kyrgyzstan lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Iran, with a CAGR of +64.0%, saw the highest rates of growth with regard to 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 wood slicing machine export price stood at $X per unit in 2021, jumping by 57% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of 117% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Kyrgyzstan ($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 the United Arab Emirates (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into Turkey

In 2021, overseas purchases of splitting, slicing or paring machines decreased by -11.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 195%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, wood slicing machine imports dropped sharply to $X in 2021. Over the period under review, imports showed a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of 144% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest wood slicing machine supplier to Turkey, accounting for a 88% share of total imports. Moreover, wood slicing machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Slovenia (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-17.3% per year) and Slovenia (0.0% per year).

In value terms, China ($X) constituted the largest supplier of splitting, slicing or paring machines to Turkey, comprising 86% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.3% share of total imports. It was followed by Slovenia, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.0% per year) and Slovenia (0.0% per year).

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, which is down by -26.7% against the previous year. Overall, the import price recorded a perceptible slump. The growth pace was the most rapid in 2017 when the average import price increased by 69% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :