Turkey - Parts Of Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Parts Price in Turkey - 2023
Contents:
- Ball Bearing Parts Price in Turkey (CIF) - 2023
- Ball Bearing Parts Price in Turkey (FOB) - 2023
- Ball Bearing Parts Imports in Turkey
- Ball Bearing Parts Exports in Turkey
Ball Bearing Parts Price in Turkey (CIF) - 2023
The average ball bearing parts import price stood at $5,713 per ton in July 2023, which is down by -21.3% against the previous month. In general, the import price showed a mild downturn. The pace of growth was the most pronounced in March 2023 when the average import price increased by 35% month-to-month. The import price peaked at $8,669 per ton in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($32,938 per ton), while the price for China ($3,179 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Bearing Parts Price in Turkey (FOB) - 2023
In July 2023, the average ball bearing parts export price amounted to $7,812 per ton, dropping by -3.3% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 21% against the previous month. The export price peaked at $9,466 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($52,384 per ton), while the average price for exports to Poland ($4,250 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Imports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of parts of ball or roller bearings, which increased by 4% to 6.6K tons in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, ball bearing parts imports soared to $44M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ball Bearing Parts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 9.6 | 13.2 | 14.9 | 40.3% |
| Taiwan (Chinese) | 3.5 | 2.4 | 3.0 | 5.7 | 17.7% |
| Germany | 4.2 | 4.3 | 4.9 | 5.1 | 6.7% |
| Japan | 1.4 | 1.5 | 1.6 | 3.7 | 38.3% |
| France | 2.5 | 2.1 | 1.6 | 2.6 | 1.3% |
| Romania | 2.4 | 2.2 | 3.2 | 1.8 | -9.1% |
| Poland | 0.8 | 0.8 | 0.7 | 0.9 | 4.0% |
| Others | 6.3 | 7.6 | 9.0 | 9.3 | 13.9% |
| Total | 26.4 | 30.4 | 37.3 | 44.0 | 18.6% |
Top Suppliers of Ball Bearing Parts to Turkey in 2022:
- China (4763.4 tons)
- Taiwan (Chinese) (538.2 tons)
- Germany (245.3 tons)
- Japan (208.0 tons)
- France (158.2 tons)
- Romania (139.9 tons)
- Poland (79.0 tons)
Ball Bearing Parts Exports in Turkey
Ball bearing parts exports from Turkey skyrocketed to 4.1K tons in 2022, rising by 36% against 2021 figures. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 60%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, ball bearing parts exports surged to $25M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Ball Bearing Parts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.4 | 1.3 | 2.9 | 6.9 | 70.2% |
| Germany | 2.8 | 3.4 | 5.6 | 5.7 | 26.7% |
| United Kingdom | 3.4 | 2.7 | 5.3 | 5.2 | 15.2% |
| Bulgaria | 0.1 | 0.9 | 1.3 | 1.1 | 122.4% |
| Romania | 0.8 | 0.4 | 0.5 | 0.9 | 4.0% |
| France | 2.3 | 1.2 | 0.7 | 0.7 | -32.7% |
| Iran | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Others | 1.5 | 2.2 | 3.1 | 3.8 | 36.3% |
| Total | 12.6 | 12.3 | 19.5 | 24.8 | 25.3% |
Top Export Markets for Ball Bearing Parts from Turkey in 2022:
- Poland (1590.0 tons)
- United Kingdom (1118.1 tons)
- Germany (570.5 tons)
- Bulgaria (190.4 tons)
- Romania (154.9 tons)
- France (123.4 tons)
- Iran (75.4 tons)
This report provides an in-depth analysis of the ball bearing parts 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)
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
-
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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The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
424
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
315
In March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
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Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
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Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
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Explore the top import markets for bearings, including China, Germany, and the United States. Discover key statistics and figures that highlight the growth and demand in this thriving industry.
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The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
424
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
315
In March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
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In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
