Turkey - Machine-Tools For Drilling, Boring Or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Turkey - Machine-Tools For Drilling, Boring Or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights

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Machine-Tool for Drilling Price in Turkey - 2023

Contents:

  1. Machine-Tool for Drilling Price in Turkey (CIF) - 2022
  2. Machine-Tool for Drilling Price in Turkey (FOB) - 2022
  3. Machine-Tool for Drilling Imports in Turkey
  4. Machine-Tool for Drilling Exports in Turkey

Machine-Tool for Drilling Price in Turkey (CIF) - 2022

The average machine-tool for drilling import price stood at $5,029 per unit in 2022, reducing by -39.5% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 50%. The import price peaked at $12,588 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($19,361 per unit), while the price for China ($1,464 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

Machine-Tool for Drilling Price in Turkey (FOB) - 2022

The average machine-tool for drilling export price stood at $5,640 per unit in 2022, with an increase of 44% against the previous year. Overall, the export price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54% against the previous year. The export price peaked at $10,999 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($11,940 per unit), while the average price for exports to Libya ($514 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool for Drilling Imports in Turkey

For the fourth year in a row, Turkey recorded growth in purchases abroad of machine-tools for drilling, boring or milling metal, which increased by 30% to 14K units in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, machine-tool for drilling imports reduced sharply to $69M in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $88M, and then reduced notably in the following year.

Import of Machine-Tool for Drilling in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.26.010.414.565.5%
Taiwan (Chinese)4.29.412.413.848.7%
Germany6.07.79.712.126.3%
Italy2.95.033.55.120.7%
Czech Republic0.70.50.82.858.7%
United States0.51.11.72.161.3%
Japan0.61.32.01.432.6%
Others14.212.017.317.67.4%
Total32.443.188.069.328.8%

Top Suppliers of Machine-Tool for Drilling to Turkey in 2022:

  1. China (9.9K units)
  2. Taiwan (Chinese) (1.0K units)
  3. Germany (0.9K units)
  4. United States (0.6K units)
  5. Italy (0.3K units)
  6. Japan (0.3K units)
  7. Czech Republic (0.2K units)

Machine-Tool for Drilling Exports in Turkey

In 2022, after three years of growth, there was significant decline in overseas shipments of machine-tools for drilling, boring or milling metal, when their volume decreased by -29.7% to 2.7K units. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 107%. As a result, the exports reached the peak of 3.9K units, and then reduced markedly in the following year.

In value terms, machine-tool for drilling exports amounted to $15M in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Machine-Tool for Drilling in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1021,4311,0941,634152.1%
Iran57212733497019.3%
Turkmenistan11.4428578820315.9%
Egypt17918.940762151.4%
Mexico86.250.762261992.9%
Iraq25224746561534.6%
Uzbekistan4677133535737.1%
Kazakhstan52623289.6482-2.9%
Algeria785183278201-36.5%
Georgia33.825.731.215666.5%
Romania18138.116899.1-18.2%
Libya22.925.721173.047.2%
Chile24.712.015151.727.9%
Others8,3078,95410,3908,4660.6%
Total11,55012,48615,17115,38110.0%

Top Export Markets for Machine-Tool for Drilling from Turkey in 2022:

  1. Russia (369.0 units)
  2. Uzbekistan (263.0 units)
  3. Turkmenistan (243.0 units)
  4. Iran (232.0 units)
  5. Iraq (165.0 units)
  6. Libya (142.0 units)
  7. Kazakhstan (115.0 units)
  8. Algeria (80.0 units)
  9. Georgia (78.0 units)
  10. Chile (57.0 units)
  11. Romania (56.0 units)
  12. Mexico (55.0 units)
  13. Egypt (52.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
  • Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
  • Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
  • Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
  • Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
  • Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
  • Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
  • Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
  • Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling machines)

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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