Turkey: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Turkey

In 2022, after two years of growth, there was significant decline in the Turkish market for spray guns and similar appliances, when its value decreased by -32.1% to $X. Overall, consumption, however, saw a buoyant expansion. Spray guns and similar appliances consumption peaked at $X in 2021, and then dropped sharply in the following year.

Production of Spray Guns And Similar Appliances in Turkey

In value terms, spray guns and similar appliances production plummeted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 307%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Turkey

After three years of growth, shipments abroad of spray guns and similar appliances decreased by -10.3% to X units in 2022. Overall, exports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced in the following year.

In value terms, spray guns and similar appliances exports expanded rapidly to $X in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X units), Iraq (X units) and Romania (X units) were the main destinations of spray guns and similar appliances exports from Turkey, together accounting for 22% of total exports. Uzbekistan, Georgia, North Macedonia, Tunisia, Serbia, Iran, Italy, Mexico, Libya and Israel lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +57.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Turkey were Russia ($X), Mexico ($X) and Romania ($X), together comprising 37% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +57.7%, 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 2022, the average export price for spray guns and similar appliances amounted to $X per unit, jumping by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Turkey

In 2022, after two years of growth, there was significant decline in overseas purchases of spray guns and similar appliances, when their volume decreased by -32% to X units. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 81%. Over the period under review, imports hit record highs at X units in 2021, and then dropped rapidly in the following year.

In value terms, spray guns and similar appliances imports contracted rapidly to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spray guns and similar appliances supplier to Turkey, accounting for a 76% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.5% per year) and Germany (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Turkey, comprising 41% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by the United States, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.5% per year) and the United States (-1.7% per year).

Import Prices by Country

The average import price for spray guns and similar appliances stood at $X per unit in 2022, growing by 10% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :