Price for Machinery; Parts of Machinery of Heading No. 8422 in Turkey - 2024

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Turkey (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Turkey (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Turkey
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Turkey

Price for Machinery; Parts of Machinery of Heading No. 8422 in Turkey (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $23,081 per ton in 2022, picking up by 8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $28,999 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Italy ($31,189 per ton), while the price for Poland ($7,909 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Turkey (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $9,141 per ton, with an increase of 7.6% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. The export price peaked at $16,828 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($23,531 per ton), while the average price for exports to Romania ($2,070 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 Iran (+9.3%), while the prices for the other major destinations experienced a decline.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Turkey

In 2022, purchases abroad of machinery; parts of machinery of heading no. 8422 decreased by -17.3% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 3.8K tons, and then shrank significantly in the following year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted to $73M in 2022. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of $82M, and then fell in the following year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Turkey in 2022:

1. Germany (1226.1 tons)
2. Italy (874.7 tons)
3. China (622.6 tons)
4. Poland (349.4 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Turkey

After three years of growth, overseas shipments of machinery; parts of machinery of heading no. 8422 decreased by -1.5% to 4.7K tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, the exports attained the peak of 4.7K tons, and then contracted modestly in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 expanded notably to $43M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +40.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Turkey in 2022:

1. Jordan (846.9 tons)
2. Romania (773.7 tons)
3. Poland (742.5 tons)
4. United States (298.8 tons)
5. Germany (290.5 tons)
6. United Arab Emirates (229.3 tons)
7. Algeria (195.4 tons)
8. Italy (123.0 tons)
9. Spain (89.8 tons)
10. Argentina (77.2 tons)
11. India (76.0 tons)

Source: IndexBox Market Intelligence Platform