Turkey - Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoller Bearing Price in Turkey - 2023
Contents:
- Roller Bearing Price in Turkey (CIF) - 2022
- Roller Bearing Price in Turkey (FOB) - 2023
- Roller Bearing Imports in Turkey
- Roller Bearing Exports in Turkey
Roller Bearing Price in Turkey (CIF) - 2022
The import price in Turkey stood at $19,284 per ton in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 when the import price increased by 26% against the previous year. Turkey import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($85,381 per ton), while Thailand ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+12.8%), while the other leaders experienced more modest paces of growth.
Roller Bearing Price in Turkey (FOB) - 2023
The export price in Turkey stood at $16,950 per ton in September 2023, reducing by -12.4% against the previous month. Over the period under review, the export price showed a mild curtailment. The most prominent rate of growth was recorded in February 2023 when the export price increased by 30% against the previous month. As a result, the export price reached the peak level of $20,661 per ton. From March 2023 to September 2023, the the export prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In September 2023, the country with the highest price was the United States ($34,789 per ton), while Iraq ($5,046 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.3%), while the other leaders experienced more modest paces of growth.
Roller Bearing Imports in Turkey
After two years of decline, supplies from abroad of roller bearings increased by 8.5% to 1.5K tons in 2022. Overall, imports, however, showed a noticeable decrease.
In value terms, roller bearing imports skyrocketed to $29M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Roller Bearing in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 88.8 | 67.3 | 83.0 | 157 | 20.9% |
| Germany | 125 | 105 | 131 | 133 | 2.1% |
| India | 94.1 | 81.7 | 120 | 121 | 8.7% |
| Thailand | 65.5 | 56.9 | 66.6 | 63.5 | -1.0% |
| Spain | 33.5 | 24.2 | 24.6 | 25.9 | -8.2% |
| Nigeria | 7.2 | 19.9 | 11.0 | 9.2 | 8.5% |
| Others | -389.2 | -330.1 | -412.8 | -480.0 | 7.2% |
| Total | 25.0 | 25.1 | 23.4 | 28.9 | 5.0% |
Top Suppliers of Roller Bearing to Turkey in 2022:
- Thailand (180.4K tons)
- Indonesia (17.1K tons)
- Germany (6.8K tons)
- India (5.2K tons)
- Spain (2.3K tons)
- Nigeria (1.8K tons)
Roller Bearing Exports in Turkey
Roller bearing exports from Turkey surged to 1.1K tons in 2022, picking up by 27% compared with 2021 figures. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, roller bearing exports soared to $18M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +76.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Roller Bearing in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 171 | 157 | 212 | 248 | 13.2% |
| Germany | 164 | 130 | 179 | 157 | -1.4% |
| Singapore | 158 | 150 | 186 | 155 | -0.6% |
| Italy | 101 | 87.5 | 110 | 105 | 1.3% |
| France | 90.3 | 73.2 | 91.9 | 72.3 | -7.1% |
| Slovakia | 48.3 | 36.9 | 47.0 | 40.8 | -5.5% |
| South Korea | 34.2 | 25.9 | 31.3 | 28.6 | -5.8% |
| Indonesia | 2.4 | 1.9 | 2.4 | 5.9 | 35.0% |
| Others | -759.4 | -652.0 | -846.9 | -793.0 | 1.5% |
| Total | 10.6 | 10.4 | 12.3 | 18.4 | 20.2% |
Top Export Markets for Roller Bearing from Turkey in 2022:
- China (38.7K tons)
- Singapore (10.7K tons)
- Germany (5.5K tons)
- France (5.4K tons)
- Slovakia (4.2K tons)
- Italy (3.4K tons)
- South Korea (2.3K tons)
- Indonesia (1.8K tons)
This report provides an in-depth analysis of the roller bearing market 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 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
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 March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
297
The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
424
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
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Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
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Explore the top import markets for bearings, including China, Germany, and the United States. Discover key statistics and figures that highlight the growth and demand in this thriving industry.
315
In March 2023, the price of Roller Bearing stood at $19,224 per ton (CIF, Turkey), reflecting a decline of -16% compared to the previous month.
297
The Bearing industry experienced its highest growth rate in July 2023, with a significant increase of 35% compared to the previous month. In terms of value, imports of Bearings surged to $50M in September 2023.
424
In March 2023, the Ball Bearing price dropped by -21.2% to $13,605 per ton (CIF, Turkey) compared to the previous month.
3227
In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
