Turkey - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in Turkey - 2023
Contents:
- Lifting Equipment Price in Turkey (CIF) - 2022
- Lifting Equipment Price in Turkey (FOB) - 2023
- Lifting Equipment Imports in Turkey
- Lifting Equipment Exports in Turkey
Lifting Equipment Price in Turkey (CIF) - 2022
In 2022, the average lifting equipment import price amounted to $33,115 per unit, with a decrease of -12.5% against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 an increase of 75% against the previous year. Over the period under review, average import prices reached the maximum at $37,835 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($143,435 per unit), while the price for Finland ($2,541 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Lifting Equipment Price in Turkey (FOB) - 2023
The average lifting equipment export price stood at $21,192 per unit in September 2023, stabilizing at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in January 2023 an increase of 13% month-to-month. The export price peaked at $21,193 per unit in March 2023; afterwards, it flattened through to September 2023.
Average prices varied noticeably for the major foreign markets. In September 2023, the highest price was recorded for prices to the United States ($21,333 per unit) and Bosnia and Herzegovina ($21,223 per unit), while the average price for exports to Cyprus ($20,737 per unit) and Nigeria ($21,067 per unit) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Lifting Equipment Imports in Turkey
In 2022, the amount of lifting equipment imported into Turkey surged to 633 units, growing by 72% against the year before. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at 789 units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, lifting equipment imports soared to $21M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 87%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Lifting Equipment in Turkey (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1,234 | 1,808 | 607 | 5,697 | 66.5% |
Norway | 831 | 1,890 | 2,248 | 2,947 | 52.5% |
Slovenia | 571 | 708 | 827 | 2,886 | 71.6% |
Italy | 509 | 937 | 1,398 | 2,566 | 71.5% |
Serbia | 2,307 | 2,024 | 1,038 | 1,969 | -5.1% |
Ireland | 112 | 281 | 217 | 825 | 94.6% |
United States | 31.4 | 291 | 418 | 560 | 161.3% |
Spain | 21.7 | 215 | 104 | 404 | 165.0% |
Austria | 24.0 | 47.9 | 63.5 | 308 | 134.1% |
Finland | 3.0 | 8.6 | 16.4 | 163 | 278.8% |
United Kingdom | 1.8 | 91.9 | 72.0 | 123 | 308.8% |
Ukraine | 0.8 | 2.6 | 5.5 | 66.8 | 337.1% |
Denmark | 641 | 141 | 20.5 | 1.2 | -87.7% |
Others | 3,695 | 10,192 | 6,916 | 2,447 | -12.8% |
Total | 9,982 | 18,638 | 13,950 | 20,961 | 28.1% |
Top Suppliers of Lifting Equipment to Turkey in 2022:
- Ireland (274.0 units)
- Finland (64.0 units)
- Poland (47.0 units)
- Serbia (47.0 units)
- Spain (36.0 units)
- Norway (29.0 units)
- Slovenia (24.0 units)
- Italy (18.0 units)
- United States (17.0 units)
- United Kingdom (16.0 units)
- Ukraine (13.0 units)
- Austria (13.0 units)
Lifting Equipment Exports in Turkey
Lifting equipment exports from Turkey skyrocketed to 994 units in 2022, growing by 98% on 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, lifting equipment exports surged to $8.5M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Lifting Equipment in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 179 | 1,143 | 833 | 3,225 | 162.2% |
India | 480 | 392 | 815 | 620 | 8.9% |
Iraq | 119 | 153 | 153 | 546 | 66.2% |
United Kingdom | 1.6 | 2.1 | 3.5 | 485 | 571.7% |
Israel | 117 | 4.3 | 5.8 | 468 | 58.7% |
Azerbaijan | 76.4 | 50.5 | 183 | 427 | 77.5% |
Moldova | 5.5 | 6.0 | 12.3 | 199 | 230.7% |
Djibouti | 1.2 | 1.1 | 0.9 | 178 | 429.4% |
Liberia | 0.7 | 2.1 | 39.3 | 126 | 464.6% |
Argentina | 0.4 | 0.5 | 0.6 | 20.0 | 268.4% |
Free Zones | 436 | 471 | 454 | N/A | 2.0% |
Vietnam | 360 | 730 | 298 | N/A | -9.0% |
Mali | 107 | 208 | 3.5 | N/A | -81.9% |
Others | 2,707 | 2,490 | 3,217 | 2,158 | -7.3% |
Total | 4,590 | 5,655 | 6,019 | 8,453 | 22.6% |
Top Export Markets for Lifting Equipment from Turkey in 2022:
- Djibouti (216.0 units)
- United Kingdom (207.0 units)
- Russia (162.0 units)
- Liberia (76.0 units)
- Moldova (74.0 units)
- Argentina (35.0 units)
- Iraq (27.0 units)
- Israel (24.0 units)
- Azerbaijan (21.0 units)
- India (15.0 units)
This report provides an in-depth analysis of the lifting equipment 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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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