Report Update: Apr 1, 2024

Turkey - Machine Tools For Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Price for Machine-Tool for Working Metal in Turkey - 2023

Price for Machine-Tool for Working Metal in Turkey (FOB) - 2022

The average machine-tool for working metal export price stood at $9,478 per unit in 2022, rising by 19% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked at $16,700 per unit in 2015; however, from 2016 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 the United States ($31,383 per unit), while the average price for exports to Cyprus ($2,083 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 Russia (+2.3%), while the prices for the other major destinations experienced a decline.

Price for Machine-Tool for Working Metal in Turkey (CIF) - 2022

The average machine-tool for working metal import price stood at $23,829 per unit in 2022, waning by -27.1% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 31%. The import price peaked at $66,837 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 South Korea ($113,484 per unit), while the price for Cyprus ($2,259 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.5%), while the prices for the other major suppliers experienced a decline.

Exports of Machine-Tool for Working Metal in Turkey

After three years of growth, overseas shipments of machine tools for working metal decreased by -0.4% to 50K units in 2022. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13%. Over the period under review, the exports hit record highs at 50K units in 2021, and then dropped in the following year.

In value terms, machine-tool for working metal exports skyrocketed to $471M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +63.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Machine-Tool for Working Metal in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	25.1	27.0	35.9	54.3	29.3%
United States	21.4	15.6	28.2	48.7	31.5%
Italy	12.5	10.8	23.2	30.2	34.2%
Germany	22.7	21.1	23.5	24.7	2.9%
Poland	16.2	14.8	23.3	20.3	7.8%
France	11.4	13.0	18.5	17.0	14.2%
United Kingdom	7.3	7.2	11.7	14.7	26.3%
Iraq	5.2	6.1	6.3	14.0	39.1%
Bulgaria	5.3	4.9	6.4	6.0	4.2%
Egypt	6.2	5.5	7.9	5.7	-2.8%
Iran	2.0	2.6	2.9	5.3	38.4%
Uzbekistan	4.1	5.3	7.9	4.5	3.2%
Cyprus	1.9	0.3	0.2	3.3	20.2%
Others	184	154	201	222	6.5%
Total	325	289	397	471	13.2%

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

Russia (5.5K units)
Germany (3.9K units)
United Kingdom (3.0K units)
Italy (3.0K units)
Iraq (3.0K units)
Egypt (2.5K units)
Bulgaria (1.7K units)
United States (1.6K units)
Cyprus (1.6K units)
France (1.5K units)
Uzbekistan (1.3K units)
Iran (1.1K units)
Poland (1.1K units)

Imports of Machine-Tool for Working Metal in Turkey

In 2022, approx. 14K units of machine tools for working metal were imported into Turkey; rising by 89% on 2021 figures. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports skyrocketed to $337M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Machine-Tool for Working Metal in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	32.3	31.7	38.2	74.9	32.4%
Italy	55.3	69.0	60.4	71.1	8.7%
South Korea	15.7	17.4	13.0	48.1	45.2%
Germany	21.0	31.3	42.0	40.9	24.9%
Taiwan (Chinese)	8.0	10.1	12.1	27.3	50.6%
Cyprus	N/A	N/A	N/A	7.3	0%
France	7.4	3.7	5.0	4.0	-18.5%
United States	4.0	0.9	9.7	1.2	-33.1%
Thailand	5.1	N/A	N/A	N/A	0%
Others	40.4	37.6	63.9	62.3	15.5%
Total	189	202	244	337	21.3%

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

China (7.1K units)
Cyprus (3.2K units)
Italy (0.9K units)
Germany (0.6K units)
Taiwan (Chinese) (0.5K units)
South Korea (0.4K units)
France (0.3K units)
United States (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine-tool for working metal 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 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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