Turkey: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Turkey

The Turkish filling containers machinery market surged to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a deep contraction. Filling containers machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Filling Containers Machinery Production in Turkey

In value terms, filling containers machinery production surged to $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Filling containers machinery production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports from Turkey

In 2022, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Turkey soared to X units, rising by X% compared with 2021. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery exports soared to $X in 2022. In general, exports posted a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Iraq (X units) was the main destination for filling containers machinery exports from Turkey, accounting for a X% share of total exports. Moreover, filling containers machinery exports to Iraq exceeded the volume sent to the second major destination, Algeria (X units), twofold. The third position in this ranking was taken by Yemen (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Yemen (X% per year).

In value terms, the largest markets for filling containers machinery exported from Turkey were Iraq ($X), Algeria ($X) and Senegal ($X), with a combined X% share of total exports. Egypt, Russia, Iran, Azerbaijan, Turkmenistan, Yemen, Tunisia, Kyrgyzstan, Israel and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 filling containers machinery export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Turkey

In 2022, after two years of growth, there was significant decline in supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume decreased by X% to X units. Over the period under review, total imports indicated a modest increase 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, filling containers machinery imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Turkey, together accounting for X% of total imports. France, the UK, Spain, Russia and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest filling containers machinery suppliers to Turkey were Germany ($X), Italy ($X) and China ($X), together accounting for X% of total imports. France, the UK, Spain, South Korea and Russia lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average filling containers machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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