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Turkey - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jul 16, 2023

Price of Ball Bearing in Turkey Drops Dramatically to $13.6 per kg

Turkey Ball Bearing Import Price in March 2023

In March 2023, the ball bearing price amounted to $13,605 per ton (CIF, Turkey), which is down by -21.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the import price increased by 18% m-o-m. Turkey import price peaked at $17,276 per ton in February 2023, and then reduced remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($35,678 per ton), while China ($8,125 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the other leaders experienced more modest paces of growth.

COUNTRY	Import Price of Ball Bearing in Turkey (USD per ton)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
Austria	22,570	28,004	27,366	27,488	24,867	30,112	21,733	26,023	27,896	32,241	40,398	44,742	35,678
Germany	38,052	32,352	33,799	28,906	30,268	42,483	27,936	24,114	32,739	42,000	27,079	37,873	35,063
Romania	18,369	18,653	19,826	17,972	17,828	16,353	16,584	16,917	19,068	18,532	20,538	23,188	21,609
Taiwan (Chinese)	21,056	27,457	28,993	23,857	23,965	26,663	25,143	26,949	28,263	26,239	26,089	30,588	21,528
Japan	24,787	32,289	26,637	31,675	27,506	26,067	31,784	26,173	28,018	23,859	20,227	24,546	20,327
Slovakia	15,711	22,859	17,501	14,858	20,218	17,957	16,052	15,544	14,274	23,619	16,362	21,323	18,789
Italy	17,914	17,657	17,778	17,792	16,955	18,169	16,588	15,401	14,915	18,012	19,254	27,865	17,753
United Kingdom	23,706	24,396	16,763	21,688	16,461	14,956	17,197	15,680	23,861	17,891	17,232	22,346	17,571
Poland	14,964	13,319	12,921	14,227	13,191	12,037	12,869	12,303	12,768	14,780	12,515	17,554	16,129
South Korea	9,188	11,041	11,548	10,727	11,093	11,356	11,120	10,718	11,737	12,376	13,122	14,998	13,993
France	12,670	12,791	12,793	12,374	12,282	11,341	11,840	11,983	12,552	12,599	15,444	18,170	13,400
Bulgaria	13,724	10,176	10,998	12,943	12,551	11,011	10,152	11,462	11,475	12,145	17,005	25,351	12,743
China	8,132	8,273	9,148	9,348	9,819	8,985	7,672	8,420	7,667	9,145	8,039	8,606	8,125
Average	12,390	14,600	14,094	14,003	14,029	12,724	13,189	12,832	12,470	14,255	15,360	17,276	13,605

Turkey Ball Bearing Imports

In March 2023, overseas purchases of ball bearings increased by 32% to 2.2K tons, rising for the second consecutive month after two months of decline. Over the period under review, imports, however, showed a mild decrease.

In value terms, ball bearing imports amounted to $30M (IndexBox estimates) in March 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 25% against the previous month.

Turkey Ball Bearing Imports by Country

In March 2023, China (998 tons), followed by France (403 tons), Italy (154 tons) and Japan (146 tons) were the main importers of ball bearings, together generating 2% of total imports. The following importers - Germany (61,511 kg), Taiwan (Chinese) (53,552 kg), Poland (49,266 kg), Bulgaria (41,325 kg), Romania (34,672 kg), the UK (29,059 kg), Slovakia (31,267 kg), South Korea (28,610 kg) and Austria (25,267 kg) - each resulted at a 0.4% share of total imports.

From March 2022 to March 2023, average monthly rates of growth with regard to ball bearing imports into China stood at -2.1%. At the same time, Taiwan (Chinese) (+12.7%), Japan (+8.1%), Bulgaria (+7.3%), France (+3.4%), Germany (+2.2%) and the UK (+1.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in the world, with a CAGR of +12.7% from March 2022-March 2023. Italy and Romania experienced a relatively flat trend pattern. By contrast, Slovakia (-2.5%), Poland (-3.1%), Austria (-4.0%) and South Korea (-9.5%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing importing markets into Turkey were China ($8.1M), France ($5.4M) and Japan ($3M), with a combined 1.7% share of total imports. These countries were followed by Italy, Germany, Taiwan (Chinese), Austria, Poland, Romania, Slovakia, Bulgaria, the UK and South Korea, which together accounted for a further 1.1%.

Taiwan (Chinese), with a CAGR of +12.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ball bearing 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 28151030 - Ball bearings

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Turkey - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights

Price of Ball Bearing in Turkey Drops Dramatically to $13.6 per kg

Turkey Ball Bearing Import Price in March 2023

Turkey Ball Bearing Imports

Turkey Ball Bearing Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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