Turkey: Underground Continuous-Action Elevator Market 2025

Underground Continuous-Action Elevator Market Size in Turkey

The Turkish underground continuous-action elevator market reduced dramatically to $X in 2021, falling by -86.3% against the previous year. Over the period under review, consumption recorded a dramatic decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Underground Continuous-Action Elevator Production in Turkey

In value terms, underground continuous-action elevator production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Underground Continuous-Action Elevator Exports

Exports from Turkey

In 2021, the amount of underground continuous-action elevators and conveyors exported from Turkey soared to X units, with an increase of 4,415% compared with 2020. Overall, exports continue to indicate a remarkable increase. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, underground continuous-action elevator exports soared to $X in 2021. Over the period under review, exports continue to indicate significant growth. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for underground continuous-action elevator exports from Turkey, accounting for a 88% share of total exports. Moreover, underground continuous-action elevator exports to Belarus exceeded the volume sent to the second major destination, Bulgaria (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (0.0% per year) and the United Arab Emirates (-30.5% per year).

In value terms, Belarus ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Turkey, comprising 94% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (0.0% per year) and the United Arab Emirates (-31.9% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 171%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Belarus ($X per unit), while the average price for exports to Bulgaria ($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 Iran (+50.3%), while the prices for the other major destinations experienced a decline.

Underground Continuous-Action Elevator Imports

Imports into Turkey

In 2021, after three years of decline, there was significant growth in supplies from abroad of underground continuous-action elevators and conveyors, when their volume increased by 1,221% to X units. Over the period under review, imports, however, continue to indicate a abrupt contraction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports surged to $X in 2021. In general, imports, however, recorded a abrupt decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of underground continuous-action elevator to Turkey, accounting for a 99% share of total imports. It was followed by Poland (X units), with a 0.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +21.0%.

In value terms, China ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Turkey, comprising 95% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +23.5%.

Import Prices by Country

In 2021, the average underground continuous-action elevator import price amounted to $X per unit, declining by -75% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 234%. As a result, import price attained the peak level of $X per unit, and then dropped sharply in the following year.

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 Poland ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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