The Turkish lifting equipment market fell to X dollars in 2021, down -X% compared to the previous year. From 2012 to 2021, market capitalization has grown at an average annual rate of +X%; however, the trend pattern has remained relatively stable, with some notable fluctuations in some years. Lifting equipment consumption peaked at $X in 2020 before contracting the following year.
In value terms, hoisting equipment production is estimated to contract to $X at export prices in 2021. Overall, total production has grown significantly from 2012 to 2021: its value has grown by an average of +X% per year over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, production has increased by +X% compared to the 2018 index. The most significant growth rate occurred in 2013, when production increased by X%. As a result, production reached a peak level of X dollars. Production growth failed to regain momentum from 2014 to 2021.
Turkey’s lifting equipment export scale
In 2021, overseas shipments of lifting equipment will increase by X% to X units, the fourth consecutive year of growth after two years of decline. During the period under review, exports grew significantly. The most significant growth rate occurred in 2013, when exports increased by X%. As a result, exports peaked at X units. Export growth failed to regain momentum between 2014 and 2021.
In value terms, hoisting equipment exports rose significantly to $X in 2021. Overall, exports have grown strongly. The growth rate was most pronounced in 2013, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2014 to 2021, the export growth rate will remain at a low level.
India (X units), Serbia (X units) and Jordan (X units) were the main destinations for Turkish lifting equipment exports, accounting for X% of total exports. Uruguay, Libya, Oman, Senegal, Azerbaijan, Russia, Kuwait and Bulgaria a re slightly behind, and together account for X further from 2012 to 2021, with the largest increase in Oman (+X% CAGR), while other countries’ output The volume leader’s growth rate was more modest.
In value terms, Russia ($X), India ($X) and Serbia ($X) are Turkey’s largest export markets for lifting equipment globally, accounting for X% of total exports. Russia, with a CAGR of +X%, had the highest growth rate in terms of export value among the major destination countries during the review period, while shipments from other leading countries grew at a more moderate pace.
Import scale of lifting equipment in Turkey
In 2021, foreign supplies of lifting equipment fell -X% to X units for the first time since 2017, ending a three-year upward trend. Overall, however, imports continued to show strong growth. The most significant growth rate occurred in 2019, when imports increased by X%. Imports peaked at X units in 2020 before falling significantly the following year.
In value terms, imports of lifting equipment dropped significantly to $X in 2021. During the period under review, however, there was a strong increase in imports. The fastest growth in 2019, with an X% increase in imports. During the period under review, imports hit an all-time high of $X in 2020 before falling rapidly the following year.
In 2021, Norway (X units) is Turkey’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of hoisting equipment from Norway were twice as high as the number recorded by the second largest supplier, Serbia (X units). Romania (X units) ranked third with X% of total imports.
From 2012 to 2021, the average annual growth rate from Norway is +X%. The average annual growth rates of imports by the remaining suppliers are as follows: Serbia (-X% per annum) and Romania (+X% per annum).
Norway ($X), Italy ($X) and Serbia ($X) are Turkey’s largest lifting equipment suppliers by value, accounting for X% of total imports. Serbia, with a CAGR of +X%, had the highest import value growth rate over the period under review in terms of major suppliers, while other leaders saw more modest growth in purchases.
Statistics of various crane suppliers in Turkey
Turkey’s largest lifting equipment suppliers by value are Norway, Italy and Serbia, which together account for 57% of total imports.
The largest markets for Turkish lifting equipment exports by value are Russia, India and Serbia, which together account for 53% of total exports.
The average export price of hoisting equipment in 2021 will be US$2,333 per unit, a decrease of -46.4% from the previous year.
The average import price of hoisting equipment in 2021 is $3,930 per unit, down -3.4% from the previous year.
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Turkey: Crane Equipment Market Analysis 2022
