Turkey - Hydraulic Cylinders And Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hydraulic Cylinder and System in Turkey - 2023
Contents:
- Price for Hydraulic Cylinder and System in Turkey (CIF) - 2023
- Price for Hydraulic Cylinder and System in Turkey (FOB) - 2023
- Imports of Hydraulic Cylinder and System in Turkey
- Exports of Hydraulic Cylinder and System in Turkey
Price for Hydraulic Cylinder and System in Turkey (CIF) - 2023
The average hydraulic cylinder and system import price stood at $522 per unit in July 2023, reducing by -12.7% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 23% month-to-month. As a result, import price attained the peak level of $644 per unit. From June 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($764 per unit), while the price for India ($228 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydraulic Cylinder and System in Turkey (FOB) - 2023
In July 2023, the average hydraulic cylinder and system export price amounted to $371 per unit, rising by 29% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Kazakhstan ($859 per unit), while the average price for exports to Iraq ($130 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydraulic Cylinder and System in Turkey
In 2022, overseas purchases of hydraulic cylinders and systems decreased by -23.2% to 116K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of 151K units, and then fell rapidly in the following year.
In value terms, hydraulic cylinder and system imports shrank to $80M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +39.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $83M, and then fell in the following year.
| Import of Hydraulic Cylinder and System in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.4 | 7.4 | 11.5 | 18.1 | 41.4% |
| Germany | 11.7 | 12.6 | 14.3 | 18.1 | 15.7% |
| South Korea | 2.3 | 5.6 | 12.0 | 13.7 | 81.3% |
| Bulgaria | 3.9 | 2.0 | 5.5 | 6.7 | 19.8% |
| China | 3.0 | 2.3 | 4.1 | 5.9 | 25.3% |
| Netherlands | 7.6 | 0.3 | 5.3 | 4.3 | -17.3% |
| India | 0.4 | 0.6 | 1.6 | 4.3 | 120.7% |
| France | 2.6 | 3.4 | 3.9 | 3.9 | 14.5% |
| Poland | 0.4 | 1.0 | 3.2 | 3.6 | 108.0% |
| Others | 24.2 | 22.1 | 21.8 | 1.2 | -63.3% |
| Total | 62.4 | 57.2 | 83.1 | 79.7 | 8.5% |
Top Suppliers of Hydraulic Cylinder and System to Turkey in 2022:
- South Korea (249.1M units)
- Italy (203.0M units)
- Germany (162.5M units)
- Bulgaria (96.7M units)
- India (87.4M units)
- China (87.0M units)
- Poland (51.2M units)
- Netherlands (22.4M units)
- France (13.0M units)
Exports of Hydraulic Cylinder and System in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of hydraulic cylinders and systems, which increased by 17% to 341K units in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, hydraulic cylinder and system exports skyrocketed to $85M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Hydraulic Cylinder and System in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.3 | 7.0 | 10.2 | 12.1 | 18.3% |
| Netherlands | 4.3 | 3.9 | 5.1 | 9.1 | 28.4% |
| Iran | 2.2 | 4.2 | 7.6 | 8.7 | 58.1% |
| Russia | 0.5 | 0.5 | 1.3 | 6.8 | 138.7% |
| Austria | 3.8 | 3.1 | 4.2 | 5.1 | 10.3% |
| Australia | 0.8 | 1.2 | 2.1 | 3.0 | 55.4% |
| France | 1.5 | 1.4 | 2.3 | 2.9 | 24.6% |
| Ireland | 0.7 | 0.9 | 3.6 | 2.6 | 54.9% |
| Belgium | 1.0 | 1.3 | 1.8 | 2.6 | 37.5% |
| United States | 1.2 | 1.1 | 1.6 | 2.5 | 27.7% |
| Israel | 0.9 | 1.3 | 2.0 | 2.2 | 34.7% |
| Egypt | 0.5 | 0.7 | 1.5 | 2.2 | 63.9% |
| Iraq | 0.7 | 0.7 | 1.3 | 1.2 | 19.7% |
| Others | 16.0 | 13.3 | 19.9 | 24.0 | 14.5% |
| Total | 41.4 | 40.6 | 64.5 | 84.8 | 27.0% |
Top Export Markets for Hydraulic Cylinder and System from Turkey in 2022:
- Iran (382.0M units)
- Germany (204.9M units)
- Netherlands (126.7M units)
- Russia (125.6M units)
- Austria (106.6M units)
- Australia (101.4M units)
- Egypt (74.9M units)
- Ireland (71.2M units)
- Israel (67.4M units)
- Iraq (48.6M units)
- France (48.1M units)
- Belgium (37.3M units)
- United States (34.9M units)
This report provides an in-depth analysis of the market for hydraulic cylinder and system 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 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
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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