Turkey - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in Turkey - 2023
Contents:
- Boring Machinery Price in Turkey (FOB) - 2023
- Boring Machinery Price in Turkey (CIF) - 2022
- Boring Machinery Exports in Turkey
- Boring Machinery Imports in Turkey
Boring Machinery Price in Turkey (FOB) - 2023
The average boring machinery export price stood at $18,159 per unit in September 2023, declining by -27.2% against the previous month. Over the period under review, the export price saw a slight decline. The most prominent rate of growth was recorded in January 2023 an increase of 54% m-o-m. The export price peaked at $39,064 per unit in March 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Zimbabwe ($115K per unit), while the average price for exports to Georgia ($2,416 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.
Boring Machinery Price in Turkey (CIF) - 2022
In 2022, the average boring machinery import price amounted to $34,219 per unit, reducing by -8.4% against the previous year. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by 68% against the previous year. The import price peaked at $57,237 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($175,170 per unit), while the price for China ($17,430 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Boring Machinery Exports in Turkey
After three years of growth, shipments abroad of boring or sinking machinery decreased by -9.5% to 1.2K units in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31%. The exports peaked at 1.3K units in 2021, and then contracted in the following year.
In value terms, boring machinery exports dropped dramatically to $24M in 2022. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 156% against the previous year. As a result, the exports reached the peak of $41M, and then dropped remarkably in the following year.
| Export of Boring Machinery in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 3.3 | 3.6 | 2.6 | 6.0 | 22.1% |
| United Arab Emirates | 0.1 | N/A | 0.1 | 3.6 | 230.2% |
| Russia | 0.2 | 0.7 | 1.3 | 2.5 | 132.1% |
| Kazakhstan | 0.4 | 0.3 | 0.5 | 2.3 | 79.2% |
| Morocco | 0.7 | 0.8 | 1.9 | 1.8 | 37.0% |
| Iran | N/A | 0.3 | 0.3 | 1.0 | 82.6% |
| Libya | N/A | 0.3 | 0.5 | 0.9 | 73.2% |
| Iraq | 0.6 | 0.5 | 0.2 | 0.4 | -12.6% |
| Egypt | 1.2 | 1.2 | 1.1 | 0.4 | -30.7% |
| Sudan | 0.3 | 0.6 | 0.3 | 0.3 | 0.0% |
| Jordan | N/A | 1.1 | 0.4 | 0.3 | -47.8% |
| Germany | N/A | 2.5 | 20.1 | N/A | 704.0% |
| Others | 7.3 | 4.0 | 11.2 | 4.3 | -16.2% |
| Total | 14.1 | 15.8 | 40.6 | 23.9 | 19.2% |
Top Export Markets for Boring Machinery from Turkey in 2022:
- Algeria (465.0 units)
- United Arab Emirates (158.0 units)
- Morocco (155.0 units)
- Kazakhstan (60.0 units)
- Libya (52.0 units)
- Sudan (43.0 units)
- Iraq (39.0 units)
- Iran (35.0 units)
- Egypt (32.0 units)
- Jordan (21.0 units)
- Russia (20.0 units)
Boring Machinery Imports in Turkey
After two years of decline, overseas purchases of boring or sinking machinery increased by 83% to 263 units in 2022. In general, imports, however, showed a sharp slump. Imports peaked at 763 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, boring machinery imports skyrocketed to $9M in 2022. Overall, imports, however, showed a precipitous shrinkage. Imports peaked at $28M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Boring Machinery in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | N/A | 3.6 | 0% |
| Sweden | 1.0 | 0.5 | 1.0 | 2.8 | 40.9% |
| United States | 10.2 | 0.2 | 0.5 | 1.2 | -51.0% |
| China | 9.9 | 7.9 | 1.6 | 0.8 | -56.8% |
| Germany | 2.9 | 0.2 | 0.6 | 0.2 | -59.0% |
| United Kingdom | 3.3 | 0.9 | N/A | N/A | -72.7% |
| United Arab Emirates | N/A | 1.2 | N/A | N/A | 0% |
| Others | 1.0 | 1.3 | 1.7 | 0.4 | -26.3% |
| Total | 28.3 | 12.2 | 5.4 | 9.0 | -31.7% |
Top Suppliers of Boring Machinery to Turkey in 2022:
- Hungary (154.0 units)
- China (46.0 units)
- United States (35.0 units)
- Sweden (16.0 units)
- Germany (6.0 units)
This report provides an in-depth analysis of the boring machinery 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)
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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