Turkey: Electroplating Machine Market 2024

Electroplating Machine Market Size in Turkey

The Turkish electroplating machine market contracted notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Electroplating Machine Production in Turkey

In value terms, electroplating machine production surged to $X in 2022 estimated in export price. Overall, production, however, enjoyed tangible growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Electroplating machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electroplating Machine Exports

Exports from Turkey

Electroplating machine exports from Turkey shrank significantly to X units in 2022, which is down by X% on the previous year's figure. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electroplating machine exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Israel (X units) and Mexico (X units) were the main destinations of electroplating machine exports from Turkey, together accounting for X% of total exports. Romania, Russia, Uzbekistan, Iran, Turkmenistan, Belgium, Poland, Algeria, Portugal and Spain lagged somewhat behind, together accounting for 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 Turkmenistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Germany ($X) and Israel ($X) appeared to be the largest markets for electroplating machine exported from Turkey worldwide, with a combined X% share of total exports. Uzbekistan, Romania, Iran, Belgium, Poland, Algeria, Portugal, Russia, Spain and Turkmenistan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Belgium, 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

The average electroplating machine export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price 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, electroplating machine export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 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 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Electroplating Machine Imports

Imports into Turkey

After two years of growth, overseas purchases of machines for electroplating, electrolysis or electrophoresis decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports declined to $X in 2022. In general, imports, however, saw noticeable growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electroplating machine supplier to Turkey, accounting for a X% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Italy (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest electroplating machine suppliers to Turkey, with a combined X% share of total imports. Sweden and Bulgaria lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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