Turkey: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Turkey

The Turkish market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Turkey

In value terms, machine tools for working stone production totaled $X in 2021 estimated in export price. In general, production, however, saw a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 67%. Machine tools for working stone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Turkey

In 2021, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Turkey; picking up by 68% compared with 2020. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone exports surged to $X in 2021. Overall, exports posted a measured increase. The pace of growth appeared the most rapid in 2014 with an increase of 55%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units), Germany (X units) and Latvia (X units) were the main destinations of machine tools for working stone exports from Turkey, with a combined 53% share of total exports. Iraq, Kyrgyzstan, Israel, Uganda, Morocco, Algeria, Azerbaijan, Iran and Ethiopia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of +203.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Turkey, comprising 24% of total exports. The second position in the ranking was held by Egypt ($X), with a 10% share of total exports. It was followed by Iraq, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +94.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+22.7% per year) and Iraq (-7.4% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, declining by -15.8% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Morocco ($X per unit), while the average price for exports to Uganda ($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 Morocco (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Turkey

In 2021, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Turkey; with an increase of 116% on the year before. Overall, imports, however, recorded a deep downturn. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports surged to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 210%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machine tools for working stone imports to Turkey, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +6.7%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest machine tools for working stone suppliers to Turkey, with a combined 89% share of total imports.

Germany, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, surging by 5.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 79% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($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 (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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