Turkey: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Turkey

After three years of decline, the Turkish liquid supply meter market increased by X% to $X in 2022. Over the period under review, consumption, however, recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Liquid Supply Meter Production in Turkey

In value terms, liquid supply meter production dropped markedly to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Liquid supply meter production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Liquid Supply Meter Exports

Exports from Turkey

In 2022, liquid supply meter exports from Turkey expanded remarkably to X units, surging by X% on the year before. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, liquid supply meter exports soared to $X in 2022. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ethiopia (X units), Iran (X units) and Mexico (X units) were the main destinations of liquid supply meter exports from Turkey, with a combined X% share of total exports. Bangladesh, Cote d'Ivoire, Tanzania, India, Ecuador, Jordan, Yemen, Mauritania, Georgia and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid supply meter exported from Turkey were Mexico ($X), Bangladesh ($X) and Ethiopia ($X), together accounting for X% of total exports. Cote d'Ivoire, India, Tanzania, Jordan, Ecuador, Yemen, Iran, Mauritania, Greece and Georgia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mauritania, with a CAGR of X%, recorded 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 2022, the average liquid supply meter export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Bangladesh ($X per unit), while the average price for exports to Iran ($X per unit) was amongst the lowest.

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

Liquid Supply Meter Imports

Imports into Turkey

After two years of growth, purchases abroad of liquid supply or production meters decreased by X% to X units in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped modestly in the following year.

In value terms, liquid supply meter imports plummeted to $X in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest liquid supply meter supplier to Turkey, accounting for a X% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the largest liquid supply meter suppliers to Turkey were China ($X), Italy ($X) and Germany ($X), together comprising X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average liquid supply meter import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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