Turkey: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Turkey

After two years of decline, the Turkish gearboxes and speed changers market increased by X% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Gearboxes and speed changers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Gearboxes and Speed Changers in Turkey

In value terms, gearboxes and speed changers production fell remarkably to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Gearboxes and speed changers production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports from Turkey

In 2022, exports of gearboxes and speed changers from Turkey stood at X tons, approximately mirroring 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports rose sharply to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and Russia (X tons) were the main destinations of gearboxes and speed changers exports from Turkey, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Italy ($X) were the largest markets for gearboxes and speed changers exported from Turkey worldwide, together comprising X% of total exports.

Among the main countries of destination, Russia, 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 2022, the average gearboxes and speed changers export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price 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, gearboxes and speed changers export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Turkey

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated buoyant 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, gearboxes and speed changers imports soared to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of gearboxes and speed changers imports to Turkey, with a combined X% share of total imports. India, South Korea, Slovakia and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the largest gearboxes and speed changers suppliers to Turkey, together accounting for X% of total imports. India, South Korea, Taiwan (Chinese) and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 gearboxes and speed changers import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :