Turkey - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Turkey - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Cylindrical Roller Bearing Price in Turkey - 2023

Contents:

  1. Cylindrical Roller Bearing Price in Turkey (CIF) - 2023
  2. Cylindrical Roller Bearing Price in Turkey (FOB) - 2022
  3. Cylindrical Roller Bearing Imports in Turkey
  4. Cylindrical Roller Bearing Exports in Turkey

Cylindrical Roller Bearing Price in Turkey (CIF) - 2023

In July 2023, the import price in Turkey amounted to $15,042 per ton, surging by 2.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the import price increased by 48% m-o-m. As a result, import price reached the peak level of $19,440 per ton. From February 2023 to July 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was Slovakia ($54,330 per ton), while India ($6,016 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 Japan (+1.6%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Price in Turkey (FOB) - 2022

The export price in Turkey stood at $15,256 per ton in 2022, reducing by -3.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, the export prices hit record highs at $17,703 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($57,238 per ton), while Russia ($8,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports in Turkey

In 2022, the amount of cylindrical roller bearings imported into Turkey soared to 3.5K tons, picking up by 29% compared with the year before. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +74.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing imports skyrocketed to $53M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cylindrical Roller Bearing in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6747998587322.8%
Germany4023133984453.4%
United States3652753073912.3%
Mexico1251041081301.3%
Italy1231051261260.8%
France10691.31131193.9%
Brazil68.056.378.810917.0%
Russia152103111107-11.0%
South Korea12198.4110104-4.9%
Spain57.020216487.915.5%
Indonesia31.325.433.652.919.1%
Czech Republic36.333.041.544.87.3%
Thailand39.633.840.036.0-3.1%
Others-2,266.0-2,203.9-2,445.1-2,431.22.4%
Total34.036.742.752.615.7%

Top Suppliers of Cylindrical Roller Bearing to Turkey in 2022:

  1. China (29.9K tons)
  2. Russia (23.2K tons)
  3. Germany (22.0K tons)
  4. United States (10.2K tons)
  5. Spain (6.2K tons)
  6. Mexico (5.6K tons)
  7. Italy (5.3K tons)
  8. Brazil (4.7K tons)
  9. Thailand (4.6K tons)
  10. South Korea (4.5K tons)
  11. Indonesia (3.9K tons)
  12. Czech Republic (3.2K tons)
  13. France (2.9K tons)

Cylindrical Roller Bearing Exports in Turkey

In 2022, overseas shipments of cylindrical roller bearings decreased by -6.4% to 443 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 105%. As a result, the exports reached the peak of 473 tons, and then shrank in the following year.

In value terms, cylindrical roller bearing exports contracted to $6.8M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 161% against the previous year. As a result, the exports attained the peak of $7.5M, and then declined in the following year.

Export of Cylindrical Roller Bearing in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany998942992902-3.3%
Japan3743353843750.1%
China2441952712986.9%
Romania1391181141563.9%
France172111145150-4.5%
Slovakia11195.6108110-0.3%
Italy10269.989.399.3-0.9%
Canada95.078.880.691.8-1.1%
Kazakhstan76.349.351.890.35.8%
Hong Kong SAR11714411489.5-8.5%
Taiwan (Chinese)12.648.365.356.865.2%
Poland22.919.028.128.17.1%
Russia21.820.124.222.10.5%
Others-2,484.8-2,224.2-2,460.1-2,462.0-0.3%
Total2.22.97.56.845.7%

Top Export Markets for Cylindrical Roller Bearing from Turkey in 2022:

  1. Germany (30.6K tons)
  2. China (25.8K tons)
  3. Japan (17.9K tons)
  4. Romania (10.8K tons)
  5. Slovakia (7.9K tons)
  6. Taiwan (Chinese) (5.9K tons)
  7. Kazakhstan (5.3K tons)
  8. Canada (2.8K tons)
  9. Poland (2.7K tons)
  10. Russia (2.7K tons)
  11. Hong Kong SAR (2.7K tons)
  12. Italy (2.6K tons)
  13. France (2.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cylindrical roller 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 28151057 - Cylindrical roller bearings (excluding roller bearings, needle 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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