Turkey: Vacuum Pump Market 2024

Vacuum Pump Market Size in Turkey

The Turkish vacuum pump market dropped slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Vacuum pump consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vacuum Pump Production in Turkey

In value terms, vacuum pump production shrank dramatically to $X in 2022 estimated in export price. In general, production posted prominent growth. The growth pace was the most rapid in 2021 when the production volume increased by 124%. Vacuum pump production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vacuum Pump Exports

Exports from Turkey

In 2022, overseas shipments of vacuum pumps increased by 3.3% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 63% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 65%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X units), the United States (X units) and the UK (X units) were the main destinations of vacuum pump exports from Turkey, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +94.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for vacuum pumps exports from Turkey, comprising 37% of total exports. The second position in the ranking was held by Hungary ($X), with a 13% share of total exports. It was followed by Russia, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+80.0% per year) and Russia (+28.5% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, growing by 21% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Hungary ($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 Iran (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Turkey

In 2022, approx. X units of vacuum pumps were imported into Turkey; picking up by 15% compared with the year before. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 140%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X units), China (X units) and the UK (X units) were the main suppliers of vacuum pump imports to Turkey, with a combined 54% share of total imports. Germany, Italy, Taiwan (Chinese), South Korea, Hungary, Belgium, the United States, Switzerland, Japan and Romania lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +93.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), with a combined 51% share of total imports. France, the United States, Switzerland, the UK, Taiwan (Chinese), South Korea, Japan, Hungary, Belgium and Romania lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Hungary, with a CAGR of +97.5%, saw the highest rates of growth with regard to 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 vacuum pump import price stood at $X per unit in 2022, picking up by 13% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 76%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Switzerland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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