Turkey - Transmission Shafts and Cranks, Bearing Housings and Plain Shaft Bearings, Gears and Gearing and Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Transmission Shaft Market 2024
Transmission Shaft Market Size in Turkey
The Turkish transmission shaft market expanded markedly to $X in 2022, with an increase of 6.2% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.
Transmission Shaft Production in Turkey
In value terms, transmission shaft production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 485% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.
Transmission Shaft Exports
Exports from Turkey
Transmission shaft exports from Turkey contracted slightly to X tons in 2022, waning by -3.5% compared with 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 37%. The exports peaked at X tons in 2021, and then fell in the following year.
In value terms, transmission shaft exports totaled $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
Exports by Country
Germany (X tons), Italy (X tons) and Poland (X tons) were the main destinations of transmission shaft exports from Turkey, together comprising 38% of total exports. France, Russia, Romania, Spain, Tunisia, the UK, the United States, Iran, Austria and Belgium lagged somewhat behind, together comprising a further 37%.
From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +44.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), France ($X) and Poland ($X) constituted the largest markets for transmission shaft exported from Turkey worldwide, with a combined 36% share of total exports. Italy, Russia, the United States, Belgium, Spain, the UK, Romania, Iran, Austria and Tunisia lagged somewhat behind, together accounting for a further 36%.
In terms of the main countries of destination, Russia, with a CAGR of +29.4%, recorded 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 transmission shaft export price amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Transmission Shaft Imports
Imports into Turkey
In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain into Turkey rose markedly to X tons, picking up by 14% against 2021. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, transmission shaft imports surged to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2022, China (X tons) constituted the largest transmission shaft supplier to Turkey, accounting for a 41% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 9.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and Italy (+5.9% per year).
In value terms, the largest transmission shaft suppliers to Turkey were Germany ($X), China ($X) and Italy ($X), with a combined 58% share of total imports. India, the UK, France, Slovakia, Spain, South Korea and Sweden lagged somewhat behind, together comprising a further 18%.
Among the main suppliers, Slovakia, with a CAGR of +16.1%, 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
In 2022, the average transmission shaft import price amounted to $X per ton, rising by 7.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the transmission shaft market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28152130 - Iron or steel roller chain of a kind used for cycles and motor cycles
- Prodcom 28152150 - Iron or steel roller chain (excluding of a kind used for cycles or motor-cycles)
- Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)
- Prodcom 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
- Prodcom 28152330 - Bearing housings incorporating ball or roller bearings
- Prodcom 28152350 - Bearing housings not incorporating ball or roller bearings, p lain shaft bearings
- Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
- Prodcom 28152500 - Flywheels and pulleys (including pulley blocks)
- Prodcom 28152600 - Clutches and shaft couplings (including universal joints)
- Prodcom 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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