Turkey: Market for Numerically Controlled Knee-Type Milling Machines For Working Metal 2024

Market Size for Numerically Controlled Knee-Type Milling Machines For Working Metal in Turkey

The Turkish market for numerically controlled knee-type milling machines for working metal shrank to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Numerically controlled knee-type milling machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Numerically Controlled Knee-Type Milling Machines For Working Metal in Turkey

In value terms, numerically controlled knee-type milling machine production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Numerically controlled knee-type milling machine production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Exports from Turkey

In 2022, approx. X units of numerically controlled knee-type milling machines for working metal were exported from Turkey; picking up by X% against the previous year. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, numerically controlled knee-type milling machine exports shrank to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for numerically controlled knee-type milling machine exports from Turkey, accounting for a X% share of total exports. Moreover, numerically controlled knee-type milling machine exports to Chile exceeded the volume sent to the second major destination, the United States (X units), sevenfold. Algeria (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Algeria (X% per year).

In value terms, Algeria ($X) remains the key foreign market for numerically controlled knee-type milling machines for working metal exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Algeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Chile (X% per year).

Export Prices by Country

The average export price for numerically controlled knee-type milling machines for working metal stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Algeria ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Imports into Turkey

In 2022, numerically controlled knee-type milling machine imports into Turkey soared to X units, with an increase of X% on the year before. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled knee-type milling machine imports dropped to $X in 2022. Over the period under review, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest numerically controlled knee-type milling machine supplier to Turkey, with a X% share of total imports. Moreover, numerically controlled knee-type milling machine imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Switzerland (X% per year).

In value terms, the largest numerically controlled knee-type milling machine suppliers to Turkey were Germany ($X), the United States ($X) and China ($X), together accounting for X% of total imports.

Germany, 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 mixed trend patterns.

Import Prices by Country

The average import price for numerically controlled knee-type milling machines for working metal stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, 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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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