Turkey: Multi-Station Transfer Machine Market 2024

Multi-Station Transfer Machine Market Size in Turkey

In 2023, after two years of growth, there was significant decline in the Turkish multi-station transfer machine market, when its value decreased by X% to $X. Over the period under review, consumption showed a perceptible slump. Multi-station transfer machine consumption peaked at $X in 2022, and then declined rapidly in the following year.

Multi-Station Transfer Machine Production in Turkey

In value terms, multi-station transfer machine production reached $X in 2023 estimated in export price. Over the period under review, production, however, posted slight growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Multi-Station Transfer Machine Exports

Exports from Turkey

In 2023, the amount of multi-station transfer machines for working metal exported from Turkey dropped to X units, with a decrease of X% on the previous year. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, multi-station transfer machine exports soared to $X in 2023. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X units) was the main destination for multi-station transfer machine exports from Turkey, with a X% share of total exports. Moreover, multi-station transfer machine exports to Russia exceeded the volume sent to the second major destination, Germany (X units), threefold. Algeria (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Algeria (X% per year).

In value terms, Russia ($X) remains the key foreign market for multi-station transfer machines for working metal exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Algeria ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the average multi-station transfer machine export price amounted to $X per unit, surging by X% against the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multi-Station Transfer Machine Imports

Imports into Turkey

In 2023, imports of multi-station transfer machines for working metal into Turkey skyrocketed to X units, rising by X% against the previous year. Over the period under review, imports showed pronounced growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, multi-station transfer machine imports soared to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of multi-station transfer machine imports to Turkey, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of multi-station transfer machines for working metal to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Switzerland, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average multi-station transfer machine import price stood at $X per unit in 2023, declining by X% against the previous year. In general, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, 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