Turkey: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Turkey

After three years of decline, the Turkish balloon and dirigible market increased by X% to $X in 2023. Over the period under review, consumption showed a prominent expansion. Balloon and dirigible consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Balloon And Dirigible Production in Turkey

In value terms, balloon and dirigible production soared to $X in 2023 estimated in export price. In general, production posted tangible growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Balloon And Dirigible Exports

Exports from Turkey

In 2023, shipments abroad of balloons, dirigibles and other non-powered aircraft decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then fell dramatically in the following year.

In value terms, balloon and dirigible exports contracted rapidly to $X in 2023. In general, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X units) was the main destination for balloon and dirigible exports from Turkey, accounting for a X% share of total exports. Moreover, balloon and dirigible exports to Azerbaijan exceeded the volume sent to the second major destination, Cyprus (X units), threefold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Azerbaijan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and the United States (X% per year).

In value terms, the largest markets for balloon and dirigible exported from Turkey were Egypt ($X), Azerbaijan ($X) and Portugal ($X), with a combined X% share of total exports. Cyprus, the United States, the UK, Germany, the United Arab Emirates, Denmark and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average balloon and dirigible export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price continues to indicate significant growth. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X.0%), while the prices for the other major destinations experienced more modest paces of growth.

Balloon And Dirigible Imports

Imports into Turkey

In 2023, approx. X units of balloons, dirigibles and other non-powered aircraft were imported into Turkey; which is down by X% against the year before. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, balloon and dirigible imports declined rapidly to $X in 2023. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Spain (X units) constituted the largest balloon and dirigible supplier to Turkey, accounting for a X% share of total imports. Moreover, balloon and dirigible imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Czech Republic (X% per year).

In value terms, Spain ($X) constituted the largest supplier of balloons, dirigibles and other non-powered aircraft to Turkey, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average balloon and dirigible import price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price saw a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform