Turkey: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Turkey

In 2021, the Turkish market for pneumatic or hydraulic hand tools increased by 34% to $X, rising for the second year in a row after four years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Pneumatic or hydraulic hand tool consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Turkey

In value terms, pneumatic or hydraulic hand tool production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Turkey

In 2021, overseas shipments of pneumatic or hydraulic hand tools increased by 69% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Turkey, with a 14% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Iran exceeded the volume sent to the second major destination, Azerbaijan (X tons), twofold. Georgia (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Iran stood at +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+7.4% per year) and Georgia (+11.4% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Turkey were Iran ($X), Azerbaijan ($X) and Uzbekistan ($X), with a combined 23% share of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +45.4%, recorded 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 export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, rising by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Turkey

In 2021, the amount of pneumatic or hydraulic hand tools imported into Turkey soared to X tons, jumping by 38% on the previous year's figure. In general, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 113% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +194.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 80%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Turkey, with a 83% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.6% per year) and Sweden (+6.3% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Turkey, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and Taiwan (Chinese) (+10.1% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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