Turkey: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in Turkey

In 2021, the Turkish thermoforming machine market decreased by -74% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a notable expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Thermoforming Machine Production in Turkey

In value terms, thermoforming machine production soared to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 105% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Thermoforming Machine Exports

Exports from Turkey

In 2021, overseas shipments of thermoforming machines for working rubber or plastics increased by 101% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a notable expansion. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, thermoforming machine exports soared to $X in 2021. Overall, exports continue to indicate a resilient increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units), the United Arab Emirates (X units) and Georgia (X units) were the main destinations of thermoforming machine exports from Turkey, together accounting for 34% of total exports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Egypt ($X) and the United States ($X) appeared to be the largest markets for thermoforming machine exported from Turkey worldwide, together accounting for 31% of total exports.

The United States, with a CAGR of +76.5%, saw 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 thermoforming machine export price amounted to $X per unit, falling by -20.5% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thermoforming machine export price increased by +33.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 69% against the previous year. The export price peaked at $X per unit in 2020, and then reduced dramatically in the following year.

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 Russia ($X per unit), while the average price for exports to Georgia ($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 States (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into Turkey

In 2021, overseas purchases of thermoforming machines for working rubber or plastics decreased by -62.6% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 297% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thermoforming machine imports shrank sharply to $X in 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 78% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest thermoforming machine supplier to Turkey, accounting for a 61% share of total imports. Moreover, thermoforming machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.6% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, China ($X) constituted the largest supplier of thermoforming machines for working rubber or plastics to Turkey, comprising 51% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.3% per year) and Germany (-20.0% per year).

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, surging by 87% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 261% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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