Turkey - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Turkey - 2023
Contents:
- Bearing Price in Turkey (CIF) - 2023
- Bearing Price in Turkey (FOB) - 2023
- Bearing Imports in Turkey
- Bearing Exports in Turkey
Bearing Price in Turkey (CIF) - 2023
In January 2023, the average bearing import price amounted to $14.9 per kg, growing by 13% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2022 an increase of 15% m-o-m. Over the period under review, average import prices reached the maximum in January 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($31.5 per kg), while the price for China ($7,216 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Turkey (FOB) - 2023
The average bearing export price stood at $15.3 per kg in January 2023, waning by -3.1% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in December 2022 an increase of 15% m-o-m. As a result, the export price attained the peak level of $15,823 per ton, and then reduced modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Iran ($25.3 per kg), while the average price for exports to the United Arab Emirates ($6,775 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of ball and roller bearings, which increased by 19% to 40K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, bearing imports skyrocketed to $512M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Ball and Roller Bearings in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 84.6 | 97.0 | 14.7% | ||
| Germany | 60.5 | 65.2 | 7.8% | ||
| Vietnam | N/A | 0.8 | 0% | ||
| Others | 228 | 206 | -9.6% | ||
| Total | 373 | 369 | -1.1% | ||
Top Suppliers of Ball and Roller Bearings to Turkey in 2022:
- Germany (undefinedK tons)
- Vietnam (undefinedK tons)
- China (undefinedK tons)
Bearing Exports in Turkey
Bearing exports from Turkey was estimated at 10K tons in 2022, with an increase of 4% on the previous year's figure. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, bearing exports shrank modestly to $130M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $130M, leveling off in the following year.
| Export of Ball and Roller Bearings in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 37.3 | 31.6 | -15.3% | ||
| United States | 13.1 | 12.2 | -6.9% | ||
| Iran | 6.8 | 10.5 | 54.4% | ||
| France | 9.4 | 7.1 | -24.5% | ||
| China | 3.4 | 5.4 | 58.8% | ||
| Czech Republic | 3.9 | 3.8 | -2.6% | ||
| United Kingdom | 3.6 | 3.0 | -16.7% | ||
| Russia | 2.6 | 2.9 | 11.5% | ||
| Poland | 2.7 | 2.8 | 3.7% | ||
| Austria | 2.7 | 2.8 | 3.7% | ||
| Canada | 3.2 | 2.6 | -18.8% | ||
| Azerbaijan | 1.2 | 2.6 | 116.7% | ||
| Syrian Arab Republic | N/A | 0.2 | 0% | ||
| Others | 12.7 | 11.5 | -9.4% | ||
| Total | 103 | 98.8 | -4.1% | ||
Top Export Markets for Ball and Roller Bearings from Turkey in 2022:
- Germany (134.0 tons)
- Syrian Arab Republic (82.2 tons)
- United States (51.6 tons)
- Iran (44.5 tons)
- France (29.9 tons)
- China (22.8 tons)
- Czech Republic (16.2 tons)
- United Kingdom (12.6 tons)
- Russia (12.2 tons)
- Poland (12.0 tons)
- Austria (11.8 tons)
- Canada (10.9 tons)
- Azerbaijan (10.9 tons)
This report provides an in-depth analysis of the 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
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller 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.
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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
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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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This report provides an in-depth analysis of the bearing market in Turkey.
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This report provides an in-depth analysis of the ball bearing market in Turkey.
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This report provides an in-depth analysis of the tools for bearing market in Turkey.
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This report provides an in-depth analysis of the cylindrical roller bearing market in Turkey.
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This report provides an in-depth analysis of the needle roller bearing market in Turkey.
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This report provides an in-depth analysis of the ball bearing parts market in Turkey.
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This report provides an in-depth analysis of the roller bearing market in Turkey.
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This report provides an in-depth analysis of the spherical roller bearing market in Turkey.
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This report provides an in-depth analysis of the tapered roller bearing market in Turkey.
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This report provides an in-depth analysis of the bearing market in Turkey.
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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.
404
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
304
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.
280
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.
404
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
304
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,...
