Price for Machinery; Parts of the Machinery of Heading No. 8425 in Turkey - 2024

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Turkey (FOB) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Turkey (CIF) - 2022
3. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Turkey
4. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Turkey

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Turkey (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $11,595 per ton in 2022, with an increase of 3.1% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of the machinery of heading no. 8425 decreased by -31.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $16,851 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($57,371 per ton), while the average price for exports to Germany ($2,985 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Turkey (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $20,016 per ton in 2022, rising by 8.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $20,870 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($48,770 per ton), while the price for China ($5,568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Turkey

In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Turkey fell markedly to 3K tons, waning by -15.3% against the previous year's figure. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 118% against the previous year. As a result, the exports attained the peak of 3.6K tons, and then shrank sharply in the following year.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined to $35M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% 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 +59.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. As a result, the exports reached the peak of $40M, and then contracted in the following year.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Turkey in 2022:

1. Germany (1353.1 tons)
2. Netherlands (557.9 tons)
3. Austria (460.6 tons)
4. Russia (130.6 tons)
5. Romania (75.8 tons)
6. France (59.7 tons)
7. Italy (58.0 tons)
8. Liberia (48.2 tons)
9. Czech Republic (9.3 tons)

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Turkey

In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into Turkey was estimated at 785 tons, surging by 12% compared with the previous year. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $16M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Turkey in 2022:

1. Romania (169.2 tons)
2. Germany (133.2 tons)
3. China (107.3 tons)
4. Poland (83.1 tons)
5. United States (62.8 tons)
6. Netherlands (53.0 tons)
7. Italy (41.9 tons)
8. Bulgaria (25.8 tons)
9. Denmark (24.6 tons)
10. France (22.9 tons)
11. Spain (12.9 tons)
12. Finland (8.9 tons)
13. Norway (7.1 tons)

Source: IndexBox Market Intelligence Platform