Turkey - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNeedle Roller Bearing Price in Turkey - 2023
Contents:
- Needle Roller Bearing Price in Turkey (CIF) - 2023
- Needle Roller Bearing Price in Turkey (FOB) - 2022
- Needle Roller Bearing Imports in Turkey
- Needle Roller Bearing Exports in Turkey
Needle Roller Bearing Price in Turkey (CIF) - 2023
In July 2023, the import price in Turkey amounted to $19,946 per ton, with an increase of 11% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 24% month-to-month. Over the period under review, import prices hit record highs at $23,657 per ton in February 2023; however, from March 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($58,737 per ton), while China ($10,316 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 the United States (+4.4%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Price in Turkey (FOB) - 2022
In 2022, the export price in Turkey amounted to $26,260 per ton, with an increase of 28% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. The Turkey export price peaked at $38,006 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($65,083 per ton), while Romania ($9,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Imports in Turkey
In 2022, after three years of growth, there was decline in supplies from abroad of needle roller bearings, when their volume decreased by -3.5% to 1.2K tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 1.3K tons, and then fell in the following year.
In value terms, needle roller bearing imports fell to $23M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $26M, and then dropped in the following year.
| Import of Needle Roller Bearing in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 199 | 163 | 188 | 209 | 1.6% |
| United States | 157 | 119 | 161 | 161 | 0.8% |
| Mexico | 129 | 110 | 132 | 133 | 1.0% |
| China | 100 | 100 | 132 | 123 | 7.1% |
| South Korea | 77.6 | 67.9 | 77.6 | 66.8 | -4.9% |
| Netherlands | 44.1 | 34.9 | 38.4 | 44.6 | 0.4% |
| Japan | 47.4 | 39.9 | 51.0 | 43.8 | -2.6% |
| Italy | 43.4 | 33.6 | 38.3 | 42.8 | -0.5% |
| Thailand | 41.2 | 37.2 | 47.8 | 42.3 | 0.9% |
| Brazil | 33.8 | 27.0 | 37.9 | 40.1 | 5.9% |
| Nigeria | 0.7 | 3.8 | 14.4 | 39.8 | 284.5% |
| France | 48.4 | 37.4 | 41.4 | 38.5 | -7.3% |
| Indonesia | 31.2 | 20.6 | 32.8 | 32.9 | 1.8% |
| Others | -935.0 | -774.6 | -967.4 | -994.9 | 2.1% |
| Total | 16.9 | 18.4 | 25.6 | 23.1 | 11.0% |
Top Suppliers of Needle Roller Bearing to Turkey in 2022:
- Germany (13.3K tons)
- United States (8.4K tons)
- Mexico (6.0K tons)
- China (2.9K tons)
- Nigeria (2.6K tons)
- Indonesia (2.3K tons)
- South Korea (2.3K tons)
- Brazil (1.9K tons)
- Thailand (1.9K tons)
- France (1.8K tons)
- Japan (1.7K tons)
- Netherlands (1.5K tons)
- Italy (1.5K tons)
Needle Roller Bearing Exports in Turkey
In 2022, the amount of needle roller bearings exported from Turkey soared to 77 tons, rising by 83% compared with the previous year. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, needle roller bearing exports soared to $2M in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Needle Roller Bearing in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 256 | 234 | 278 | 285 | 3.6% |
| Japan | 265 | 212 | 268 | 230 | -4.6% |
| China | 169 | 163 | 220 | 211 | 7.7% |
| Slovakia | 82.7 | 67.3 | 83.3 | 126 | 15.1% |
| United States | 120 | 105 | 130 | 125 | 1.4% |
| France | 63.8 | 58.1 | 66.2 | 56.1 | -4.2% |
| South Korea | 47.7 | 42.6 | 60.7 | 55.0 | 4.9% |
| Netherlands | 37.8 | 28.1 | 33.8 | 35.4 | -2.2% |
| Czech Republic | 27.1 | 20.0 | 19.5 | 25.8 | -1.6% |
| Mexico | 15.4 | 13.4 | 23.1 | 25.8 | 18.8% |
| Romania | 15.2 | 10.2 | 13.7 | 13.4 | -4.1% |
| Others | -1,099.4 | -954.0 | -1,195.9 | -1,186.3 | 2.6% |
| Total | 1.1 | 0.5 | 0.9 | 2.0 | 22.1% |
Top Export Markets for Needle Roller Bearing from Turkey in 2022:
- China (14.1K tons)
- Japan (8.8K tons)
- Germany (8.1K tons)
- Slovakia (7.3K tons)
- France (3.4K tons)
- South Korea (2.4K tons)
- United States (1.9K tons)
- Mexico (1.8K tons)
- Czech Republic (1.6K tons)
- Romania (1.5K tons)
- Netherlands (1.0K tons)
This report provides an in-depth analysis of the needle 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 28151070 - 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:
- 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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The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
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In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
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In March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
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The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
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In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
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In March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
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