Turkey: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Turkey

In 2022, the Turkish vapour generating boiler market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted a modest increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vapour Generating Boiler Production in Turkey

In value terms, vapour generating boiler production reduced to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Vapour generating boiler production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Vapour Generating Boiler Exports

Exports from Turkey

In 2022, approx. X tons of vapour generating boilers were exported from Turkey; reducing by X% on the previous year's figure. In general, total exports indicated a tangible expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vapour generating boiler exports dropped slightly to $X in 2022. Overall, total exports indicated a strong 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Uzbekistan (X tons), Iraq (X tons) and Romania (X tons) were the main destinations of vapour generating boiler exports from Turkey, with a combined X% share of total exports. Morocco, Egypt, Bangladesh, Georgia, Cote d'Ivoire, Italy, Indonesia, Russia, Israel and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for vapour generating boiler exported from Turkey were Uzbekistan ($X), Iraq ($X) and Romania ($X), together accounting for X% of total exports. Morocco, Egypt, Bangladesh, Georgia, Italy, Cote d'Ivoire, Russia, Indonesia, Spain and Israel lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average vapour generating boiler export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Generating Boiler Imports

Imports into Turkey

Vapour generating boiler imports into Turkey declined sharply to X tons in 2022, which is down by X% compared with the previous year's figure. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vapour generating boiler imports shrank rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Italy (X tons) and China (X tons) were the main suppliers of vapour generating boiler imports to Turkey, with a combined X% share of total imports. India, Croatia, Germany and Bulgaria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest vapour generating boiler suppliers to Turkey were Italy ($X), Finland ($X) and Croatia ($X), together comprising X% of total imports. Germany, China, India and Bulgaria lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average vapour generating boiler import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, enjoyed a notable increase. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average 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 Croatia ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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