Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $72 per thousand units, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $80 per thousand units in 2013; however, from 2014 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 the United States ($157 per thousand units), while the price for Austria ($40 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $33 per thousand units, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($55 per thousand units), while the average price for exports to Italy ($22 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey
Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Turkey surged to 4.1B units in 2022, jumping by 18% compared with 2021 figures. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $295M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 20%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.1 | 48.2 | 56.9 | 72.4 | 17.1% |
| China | 35.5 | 39.4 | 50.6 | 59.7 | 18.9% |
| Japan | 12.1 | 11.5 | 14.9 | 20.3 | 18.8% |
| Italy | 14.7 | 15.2 | 17.4 | 18.8 | 8.5% |
| United States | 15.6 | 12.8 | 14.1 | 16.8 | 2.5% |
| France | 16.3 | 10.8 | 10.9 | 12.7 | -8.0% |
| South Korea | 7.0 | 6.8 | 10.2 | 10.7 | 15.2% |
| India | 6.0 | 5.9 | 7.4 | 9.6 | 17.0% |
| Belgium | 2.3 | 2.3 | 5.1 | 6.9 | 44.2% |
| Czech Republic | 4.8 | 5.3 | 5.6 | 6.6 | 11.2% |
| Thailand | 1.1 | 1.9 | 2.9 | 4.6 | 61.1% |
| Austria | 3.0 | 3.8 | 4.2 | 3.9 | 9.1% |
| Bulgaria | 3.3 | 2.8 | 3.2 | 3.0 | -3.1% |
| Others | 49.4 | 40.1 | 44.3 | 49.0 | -0.3% |
| Total | 216 | 207 | 248 | 295 | 10.9% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Turkey in 2022:
- China (1195.8M units)
- Germany (853.5M units)
- Japan (299.7M units)
- Italy (279.0M units)
- South Korea (180.1M units)
- Belgium (167.7M units)
- France (120.9M units)
- India (114.6M units)
- United States (107.6M units)
- Austria (98.7M units)
- Thailand (84.5M units)
- Czech Republic (80.1M units)
- Bulgaria (69.8M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment exported from Turkey rose slightly to 8.9B units, picking up by 3.6% compared with 2021. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $291M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 8.4 | 14.3 | 15.3 | 36.9 | 63.8% |
| Germany | 18.5 | 22.2 | 27.6 | 29.7 | 17.1% |
| Bangladesh | 9.9 | 6.2 | 9.5 | 15.9 | 17.1% |
| Singapore | 3.3 | 1.5 | 9.9 | 12.6 | 56.3% |
| Italy | 5.7 | 6.3 | 10.1 | 11.8 | 27.4% |
| Iran | 5.3 | 7.7 | 13.2 | 11.1 | 27.9% |
| United Arab Emirates | 25.3 | 17.2 | 8.4 | 10.2 | -26.1% |
| Iraq | 4.8 | 4.1 | 6.1 | 8.7 | 21.9% |
| Uzbekistan | 3.3 | 3.2 | 6.4 | 7.3 | 30.3% |
| France | 3.9 | 4.8 | 7.3 | 6.1 | 16.1% |
| United Kingdom | 3.4 | 3.2 | 4.3 | 6.0 | 20.8% |
| Qatar | 4.3 | 5.4 | 5.2 | 5.8 | 10.5% |
| India | 2.9 | 1.4 | 3.0 | 5.8 | 26.0% |
| Others | 79.6 | 72.0 | 105 | 123 | 15.6% |
| Total | 179 | 170 | 232 | 291 | 17.6% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Turkey in 2022:
- Russia (1005.5M units)
- Germany (750.0M units)
- Italy (532.9M units)
- Bangladesh (524.4M units)
- Singapore (488.3M units)
- United Arab Emirates (335.0M units)
- Iraq (306.8M units)
- Uzbekistan (239.7M units)
- India (237.5M units)
- Iran (200.7M units)
- United Kingdom (191.1M units)
- France (189.8M units)
- Qatar (172.0M units)
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