Turkey: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in Turkey

In 2022, the Turkish vacuum vessel market increased by less than 0.1% to $X, rising for the eighth consecutive year after two years of decline. In general, consumption enjoyed a measured expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Vacuum Vessel Production in Turkey

In value terms, vacuum vessel production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Vacuum vessel production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vacuum Vessel Exports

Exports from Turkey

In 2022, exports of vacuum vessels from Turkey skyrocketed to X units, picking up by 29% against 2021 figures. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 174% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vacuum vessel exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 132%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mauritania (X units), Israel (X units) and Germany (X units) were the main destinations of vacuum vessel exports from Turkey, together comprising 25% of total exports. Egypt, Syrian Arab Republic, Senegal, Qatar, Greece, Libya, the United Arab Emirates, Tunisia, Jordan and Cuba lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of +253.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum vessel exported from Turkey were Germany ($X), Israel ($X) and Egypt ($X), together accounting for 24% of total exports. Syrian Arab Republic, Greece, Libya, Qatar, Senegal, Jordan, Mauritania, Tunisia, the United Arab Emirates and Cuba lagged somewhat behind, together comprising a further 24%.

Cuba, with a CAGR of +125.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum vessel export price stood at $X per unit in 2022, with a decrease of -1.6% against the previous year. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 14%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Mauritania ($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 Libya (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Turkey

In 2022, purchases abroad of vacuum vessels increased by 15% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 72%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vacuum vessel imports skyrocketed to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main vacuum vessel supplier to Turkey, with a 93% share of total imports. It was followed by Iran (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Turkey, comprising 95% of total imports. The second position in the ranking was held by Iran ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.8%.

Import Prices by Country

The average vacuum vessel import price stood at $X per unit in 2022, picking up by 23% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price 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, vacuum vessel import price increased by +40.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Iran stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%).

Source: IndexBox Platform

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