Turkey: Hand Tools Market Overview 2020

Hand Tools Market Size in Turkey

The revenue of the hand tools market in Turkey amounted to $X in 2018, falling by -X% against the previous year. In general, hand tools consumption continues to indicate an abrupt curtailment. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Hand tools consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Hand Tools Production in Turkey

In value terms, hand tools production amounted to $X in 2018 estimated in export prices. Overall, hand tools production continues to indicate a deep slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, hand tools production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Hand Tools Exports

Exports from Turkey

In 2018, the hand tools exports from Turkey totaled X tonnes, going up by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, hand tools exports totaled $X in 2018. In general, hand tools exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for hand tools exports from Turkey, accounting for a X% share of total exports. Moreover, hand tools exports to Germany exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Switzerland (+X% per year).

In value terms, Germany ($X) remains the key foreign market for hand tools exports from Turkey, comprising X% of total hand tools exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2018, the average hand tools export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the hand tools export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for hand tools attained their maximum at $X per tonne in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was France ($X per tonne), while the average price for exports to Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Iran, while the prices for the other major destinations experienced mixed trend patterns.

Hand Tools Imports

Imports into Turkey

In 2018, the amount of hand tools imported into Turkey stood at X tonnes, waning by -X% against the previous year. In general, hand tools imports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, hand tools imports totaled $X in 2018. Over the period under review, hand tools imports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, hand tools imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest hand tools supplier to Turkey, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Taiwan, Chinese (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2018, 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: Taiwan, Chinese (+X% per year) and Germany (-X% per year).

In value terms, the largest hand tools suppliers to Turkey were Germany ($X), China ($X) and Taiwan, Chinese ($X), together comprising X% of total imports.

Among the main suppliers, Taiwan, Chinese recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hand tools import price stood at $X per tonne in 2018, going up by X% against the previous year. Over the period under review, the import price indicated a strong expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform