Turkey - Toothed Wheels, Chain Sprockets and Other Transmission Elements - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey - 2023
Contents:
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (CIF) - 2023
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (FOB) - 2023
- Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey
- Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (CIF) - 2023
In November 2023, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $10,868 per ton, approximately reflecting the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 25% m-o-m. The import price peaked at $13,494 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($26,389 per ton), while the price for India ($4,249 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (FOB) - 2023
The average export price for toothed wheels, chain sprockets and other transmission elements stood at $5,336 per ton in November 2023, growing by 2.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in June 2023 when the average export price increased by 24% month-to-month. As a result, the export price reached the peak level of $5,686 per ton. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Russia ($10,768 per ton), while the average price for exports to Belgium ($2,289 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas purchases of toothed wheels, chain sprockets and other transmission elements, which increased by 3.6% to 13K tons in 2022. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of toothed wheels, chain sprockets and other transmission elements expanded slightly to $143M in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
Import of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 21.8 | 29.5 | 37.7 | 40.6 | 23.0% |
Germany | 22.8 | 23.1 | 27.6 | 30.5 | 10.2% |
Italy | 19.2 | 18.5 | 25.9 | 24.7 | 8.8% |
United States | 8.7 | 8.5 | 9.4 | 9.6 | 3.3% |
South Korea | 6.8 | 5.7 | 7.7 | 7.4 | 2.9% |
India | 5.3 | 4.5 | 5.0 | 5.6 | 1.9% |
Czech Republic | 4.1 | 3.7 | 5.6 | 1.8 | -24.0% |
Others | 17.9 | 20.3 | 19.3 | 22.9 | 8.6% |
Total | 107 | 114 | 138 | 143 | 10.1% |
Top Suppliers of Toothed Wheels, Chain Sprockets and Other Transmission Elements to Turkey in 2022:
- China (6.5K tons)
- Italy (1.9K tons)
- India (1.5K tons)
- Germany (1.3K tons)
- South Korea (0.8K tons)
- United States (0.4K tons)
- Czech Republic (0.1K tons)
Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of toothed wheels, chain sprockets and other transmission elements, when their volume decreased by -6.6% to 19K tons. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 8.4%. As a result, the exports attained the peak of 21K tons, and then fell in the following year.
In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $86M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +47.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 13.6 | 14.1 | 18.0 | 18.7 | 11.2% |
Italy | 8.4 | 7.5 | 13.1 | 14.5 | 20.0% |
Belgium | 14.4 | 11.9 | 7.9 | 9.4 | -13.3% |
United States | 1.1 | 1.5 | 2.2 | 6.7 | 82.6% |
Slovakia | 2.4 | 2.3 | 3.7 | 4.1 | 19.5% |
Russia | 1.2 | 1.0 | 0.9 | 3.9 | 48.1% |
India | 0.2 | 2.5 | 6.7 | 2.8 | 141.0% |
Poland | 1.6 | 1.2 | 1.7 | 2.2 | 11.2% |
Finland | 1.5 | 1.3 | 2.0 | 2.1 | 11.9% |
France | 0.8 | 0.5 | 0.7 | 1.4 | 20.5% |
Others | 13.7 | 14.6 | 15.5 | 20.5 | 14.4% |
Total | 59.0 | 58.3 | 72.5 | 86.1 | 13.4% |
Top Export Markets for Toothed Wheels, Chain Sprockets and Other Transmission Elements from Turkey in 2022:
- Germany (4.8K tons)
- Belgium (4.2K tons)
- Italy (3.6K tons)
- India (1.2K tons)
- United States (0.7K tons)
- Russia (0.7K tons)
- Finland (0.6K tons)
- Slovakia (0.5K tons)
- Poland (0.3K tons)
- France (0.3K tons)
This report provides an in-depth analysis of the market for toothed wheels, chain sprockets and other transmission elements 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 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
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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In January 2023, the flywheels and pulleys price stood at $8,002 per ton (FOB, Turkey), flattening at the previous month.
In December 2022, the price of shaft couplings was $25,487 per ton (CIF, Turkey), experiencing a 36% increase compared to the previous month.
Discover the leading countries in the import of gearboxes and speed changers. Explore the key statistics and market insights provided by IndexBox market intelligence platform.
In January 2023, the flywheels and pulleys price stood at $8,002 per ton (FOB, Turkey), flattening at the previous month.
In December 2022, the price of shaft couplings was $25,487 per ton (CIF, Turkey), experiencing a 36% increase compared to the previous month.
Discover the leading countries in the import of gearboxes and speed changers. Explore the key statistics and market insights provided by IndexBox market intelligence platform.