Turkey - Inductors - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Turkey - Inductors - Market Analysis, Forecast, Size, Trends And Insights

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Inductor Price in Turkey - 2023

Contents:

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

Inductor Price in Turkey (CIF) - 2023

In September 2023, the average inductor import price amounted to $73.3 per thousand units, shrinking by -1.9% against the previous month. Over the period under review, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in June 2023 an increase of 27% against the previous month. Over the period under review, average import prices hit record highs at $104 per thousand units in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ukraine ($84.0 per thousand units), while the price for Thailand ($27.0 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced a decline.

Inductor Price in Turkey (FOB) - 2022

In 2022, the average inductor export price amounted to $43 per thousand units, increasing by 4% against the previous year. Over the period under review, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 23%. The export price peaked at $97 per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($68 per thousand units), while the average price for exports to Mexico ($23 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.9%), while the prices for the other major destinations experienced a decline.

Inductor Imports in Turkey

In 2022, supplies from abroad of inductors decreased by -2.4% to 847M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of 868M units, and then dropped modestly in the following year.

In value terms, inductor imports rose slightly to $69M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Inductor in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21.828.740.839.321.7%
Germany3.13.24.35.722.5%
Thailand0.52.22.03.591.3%
France2.21.92.62.88.4%
Taiwan (Chinese)1.51.61.91.86.3%
Austria1.60.71.81.72.0%
Italy1.71.72.01.4-6.3%
Czech Republic0.50.30.51.337.5%
India0.20.10.30.858.7%
Others10.212.211.011.33.5%
Total43.252.667.169.417.1%

Top Suppliers of Inductor to Turkey in 2022:

  1. China (577.8M units)
  2. Germany (113.8M units)
  3. Thailand (23.9M units)
  4. India (22.3M units)
  5. Czech Republic (21.5M units)
  6. France (17.1M units)
  7. Austria (16.6M units)
  8. Italy (9.5M units)
  9. Taiwan (Chinese) (9.0M units)

Inductor Exports in Turkey

In 2022, the amount of inductors exported from Turkey stood at 202M units, surging by 9.9% compared with 2021. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, inductor exports stood at $8.8M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Inductor in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2963484481,42368.8%
Spain6814534178266.6%
Iraq74436782.1646-4.6%
Finland1,4851,7431,872543-28.5%
United Arab Emirates23021974752831.9%
Czech Republic15227722342040.3%
Russia8.74.970.6398257.6%
Iran18814127429716.5%
Egypt1931011792143.5%
Nigeria0.11992.82131186.6%
Hungary226204189197-4.5%
Mexico56.013273.915540.4%
South Africa23028.4118133-16.7%
Others2,6272,6312,9742,7771.9%
Total7,1176,8487,6718,7717.2%

Top Export Markets for Inductor from Turkey in 2022:

  1. Spain (30.5M units)
  2. Germany (21.8M units)
  3. United Arab Emirates (20.5M units)
  4. Czech Republic (15.6M units)
  5. Finland (13.2M units)
  6. Iraq (9.5M units)
  7. Iran (8.6M units)
  8. Nigeria (8.6M units)
  9. Russia (7.8M units)
  10. Mexico (6.7M units)
  11. Hungary (6.7M units)
  12. Egypt (4.2M units)
  13. South Africa (3.6M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the inductor 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 27115080 - Inductors (excluding induction coils, deflection coils for cathode-ray tubes, for discharge lamps and tubes)

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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