Turkey: Circuit Breaker Market 2024

Circuit Breaker Market Size in Turkey

The Turkish circuit breaker market was estimated at $X in 2022, surging by X% against the previous year. In general, consumption saw a strong expansion. Circuit breaker consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Circuit Breaker Production in Turkey

In value terms, circuit breaker production rose to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Circuit Breaker Exports

Exports from Turkey

In 2022, overseas shipments of automatic circuit breakers increased by X% to X units, rising for the fourth consecutive year after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 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 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, circuit breaker exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for circuit breaker exports from Turkey, accounting for a X% share of total exports. Moreover, circuit breaker exports to France exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was taken by Iran (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Iran (X% per year).

In value terms, France ($X) remains the key foreign market for automatic circuit breakers exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to the Czech Republic ($X 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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Turkey

In 2022, supplies from abroad of automatic circuit breakers increased by X% to X units, rising for the third consecutive year after two years of decline. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, circuit breaker imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 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 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of circuit breaker to Turkey, accounting for a X% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest circuit breaker suppliers to Turkey, with a combined X% share of total imports. The Czech Republic, India, France, Romania, Serbia, Thailand and Bulgaria lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average circuit breaker import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per unit 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 Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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