Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey - 2024

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $35,976 per ton in 2022, surging by 17% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. The import price peaked at $39,481 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($90,421 per ton), while the price for Iran ($6,047 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $9,205 per ton, waning by -5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices attained the maximum at $9,970 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Russia ($19,211 per ton), while the average price for exports to Qatar ($4,531 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 Russia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey

Imports of machines and mechanical appliances; parts, of those having individual functionses into Turkey rose remarkably to 4.2K tons in 2022, picking up by 10% compared with the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +67.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses surged to $151M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Turkey in 2022:

1. Germany (1215.7 tons)
2. China (868.6 tons)
3. Italy (435.0 tons)
4. Netherlands (208.5 tons)
5. United States (188.9 tons)
6. United Kingdom (167.8 tons)
7. Iran (145.0 tons)
8. Poland (105.6 tons)
9. Austria (70.3 tons)
10. Romania (68.1 tons)
11. France (44.9 tons)
12. Switzerland (44.2 tons)
13. Finland (40.9 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Turkey

In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Turkey soared to 8.9K tons, with an increase of 24% against the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses surged to $82M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Turkey in 2022:

1. Germany (2648.5 tons)
2. United States (554.9 tons)
3. France (530.7 tons)
4. Russia (439.0 tons)
5. Italy (423.2 tons)
6. Netherlands (342.3 tons)
7. Iraq (250.8 tons)
8. Qatar (244.8 tons)
9. Spain (237.5 tons)
10. Uzbekistan (204.8 tons)
11. Azerbaijan (203.1 tons)
12. Turkmenistan (162.6 tons)
13. Iran (111.9 tons)

Source: IndexBox Market Intelligence Platform