Turkey: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in Turkey

In 2022, the Turkish pumps for liquids market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Pumps For Liquids Production in Turkey

In value terms, pumps for liquids production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pumps For Liquids Exports

Exports from Turkey

In 2022, exports of pumps for liquids from Turkey totaled X units, growing by X% on the previous year's figure. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pumps for liquids exports rose sharply to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), Iran (X units) and Russia (X units) were the main destinations of pumps for liquids exports from Turkey, together comprising X% of total exports. Belarus, Iraq, Italy, Poland, Azerbaijan, Afghanistan, Uzbekistan, Tunisia, Kazakhstan and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Uzbekistan ($X) appeared to be the largest markets for pumps for liquids exported from Turkey worldwide, with a combined X% share of total exports. Iran, Iraq, Kazakhstan, Azerbaijan, Syrian Arab Republic, Italy, Tunisia, Belarus, Poland and Afghanistan lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, saw 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

The average pumps for liquids export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Afghanistan ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pumps For Liquids Imports

Imports into Turkey

For the third year in a row, Turkey recorded growth in supplies from abroad of pumps for liquids, which increased by X% to X units in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, pumps for liquids imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), Italy (X units) and France (X units) were the main suppliers of pumps for liquids imports to Turkey, together comprising X% of total imports. Serbia, Poland, Germany and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Italy ($X) and France ($X) appeared to be the largest pumps for liquids suppliers to Turkey, with a combined X% share of total imports. Germany, Serbia, Denmark and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 pumps for liquids import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 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 Denmark ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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