Turkey: Threshing Machinery Market 2024

Threshing Machinery Market Size in Turkey

The Turkish threshing machinery market contracted rapidly to $X in 2022, waning by -34.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Threshing Machinery Production in Turkey

In value terms, threshing machinery production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 105% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports from Turkey

In 2022, exports of threshing machinery except combine harvester-threshers from Turkey soared to X units, with an increase of 22% on the previous year. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.4% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, threshing machinery exports soared to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.6% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X units) was the main destination for threshing machinery exports from Turkey, with a 36% share of total exports. Moreover, threshing machinery exports to Sudan exceeded the volume sent to the second major destination, Syrian Arab Republic (X units), fourfold. The third position in this ranking was held by Iraq (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (0.0% per year) and Iraq (+4.5% per year).

In value terms, Sudan ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from Turkey, comprising 31% of total exports. The second position in the ranking was held by Iraq ($X), with a 7.9% share of total exports. It was followed by Ghana, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Sudan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+4.4% per year) and Ghana (+75.6% per year).

Export Prices by Country

The average threshing machinery export price stood at $X per unit in 2022, with an increase of 20% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Moldova (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Turkey

Threshing machinery imports into Turkey surged to X units in 2022, growing by 74% against 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 331%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 263% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of threshing machinery to Turkey, accounting for a 60% share of total imports. Moreover, threshing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), threefold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+31.6% per year) and China (-10.6% per year).

In value terms, Italy ($X), Bulgaria ($X) and China ($X) appeared to be the largest threshing machinery suppliers to Turkey, with a combined 97% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +41.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, picking up by 32% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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