Turkey: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Turkey

In 2021, the Turkish electrical circuit apparatus market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a pronounced curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in Turkey

In value terms, electrical circuit apparatus production dropped to $X in 2021 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

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Electrical Circuit Apparatus Exports

Exports from Turkey

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were exported from Turkey; growing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat 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.

Exports by Country

France (X units), Russia (X units) and Germany (X units) were the main destinations of electrical circuit apparatus exports from Turkey, with a combined X% share of total exports. Bulgaria, Azerbaijan, Algeria, Iraq, Italy, Iran, Hungary, Uzbekistan, Egypt and Turkmenistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Iran ($X) were the largest markets for electrical circuit apparatus exported from Turkey worldwide, with a combined X% share of total exports. Russia, Bulgaria, Azerbaijan, Iraq, Italy, Algeria, Turkmenistan, Uzbekistan, Egypt and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, saw the highest growth rate of 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 2021, the average electrical circuit apparatus export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, 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.

Electrical Circuit Apparatus Imports

Imports into Turkey

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electrical circuit apparatus to Turkey, with a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest electrical circuit apparatus suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. France, the United States, the Czech Republic, India, Japan, Spain, South Korea, Thailand and Sweden lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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