Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey (FOB) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey (CIF) - 2022
3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey
4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.2 per unit, surging by 4.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $0.3 per unit. From 2018 to 2022, the average 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 Russia ($0.8 per unit), while the average price for exports to Thailand ($0.1 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 Russia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.4 per unit, which is down by -43.7% against the previous year. Over the period under review, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 127%. The import price peaked at $0.8 per unit in 2021, and then dropped sharply in the following year.

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 Taiwan (Chinese) ($2.5 per unit), while the price for Italy ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Turkey fell significantly to 6.5M units, dropping by -23.9% on 2021 figures. Over the period under review, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by 138%. As a result, the exports reached the peak of 8.5M units, and then shrank remarkably in the following year.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones reduced sharply to $1.4M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $1.8M, and then declined dramatically in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Turkey in 2022:

1. Iran (3175.0K units)
2. Israel (761.5K units)
3. Thailand (463.1K units)
4. Poland (365.2K units)
5. Germany (330.6K units)
6. Russia (198.4K units)
7. Azerbaijan (174.2K units)
8. Tanzania (113.5K units)
9. Iraq (101.9K units)
10. Turkmenistan (49.1K units)
11. Georgia (15.9K units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Turkey

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones imported into Turkey skyrocketed to 1.1M units, rising by 161% on 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones skyrocketed to $485K in 2022. Overall, imports, however, showed a pronounced downturn. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at $561K in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Turkey in 2022:

1. China (597.2K units)
2. Italy (378.0K units)
3. Taiwan (Chinese) (70.1K units)
4. Japan (19.0K units)
5. Spain (15.0K units)

Source: IndexBox Market Intelligence Platform