Turkey: Stone Polishing Machine Market 2023

Stone Polishing Machine Exports

Exports from Turkey

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete exported from Turkey skyrocketed to X units, growing by 46% against 2020 figures. In general, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine exports soared to $X in 2021. Overall, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 67% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Algeria (X units), Uzbekistan (X units) and Serbia (X units) were the main destinations of stone polishing machine exports from Turkey, together accounting for 31% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +87.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stone polishing machine exported from Turkey were Algeria ($X), Uzbekistan ($X) and Italy ($X), with a combined 26% share of total exports.

Uzbekistan, with a CAGR of +92.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, declining by -8.9% against the previous year. Overall, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 19%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Uzbekistan (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Turkey

Stone polishing machine imports into Turkey was estimated at X units in 2021, growing by 9.8% on 2020 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stone polishing machine imports expanded remarkably to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +120.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 102%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest stone polishing machine supplier to Turkey, with a 66% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.6% per year) and Germany (+17.3% per year).

In value terms, the largest stone polishing machine suppliers to Turkey were Italy ($X), China ($X) and Germany ($X), together accounting for 91% of total imports.

Among the main suppliers, Germany, with a CAGR of +14.8%, saw 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 2021, the average stone polishing machine import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 91%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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