Turkey: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Turkey

In 2022, the Turkish mechano-therapy appliances market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mechano-Therapy Appliances Production in Turkey

In value terms, mechano-therapy appliances production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a sharp contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Mechano-therapy appliances production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Mechano-Therapy Appliances Exports

Exports from Turkey

In 2022, overseas shipments of mechano-therapy appliances and massage apparatus were finally on the rise to reach X units after two years of decline. In general, total exports indicated mild growth 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. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mechano-therapy appliances exports surged to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Iraq (X units) and Germany (X units) were the main destinations of mechano-therapy appliances exports from Turkey, with a combined X% share of total exports. Libya, Cyprus, Israel, the United States, Norway, Turkmenistan, Azerbaijan, Iran, Serbia and Morocco lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechano-therapy appliances exported from Turkey were Russia ($X), Germany ($X) and Iraq ($X), with a combined X% share of total exports. Iran, Azerbaijan, Cyprus, the United States, Libya, Turkmenistan, Israel, Serbia, Norway and Morocco lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Norway, 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 mechano-therapy appliances export price amounted to $X per unit, growing by X% against the previous year. In general, export price indicated noticeable growth 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, mechano-therapy appliances export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the average price for exports to Norway ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mechano-Therapy Appliances Imports

Imports into Turkey

In 2022, supplies from abroad of mechano-therapy appliances and massage apparatus decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mechano-therapy appliances imports declined modestly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest mechano-therapy appliances supplier to Turkey, with a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports. France (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: Germany (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of mechano-therapy appliances and massage apparatus to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average mechano-therapy appliances import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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