Price for Machines; Parts and Accessories, of Heading No. 8472 in Turkey - 2024
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Turkey (CIF) - 2024
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Turkey (FOB) - 2022
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Turkey
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Turkey
Price for Machines; Parts and Accessories, of Heading No. 8472 in Turkey (CIF) - 2024
The average import price for machines; parts and accessories, of heading no. 8472 stood at $106K per ton in December 2023, declining by -22.8% against the previous month. Over the period under review, import price indicated a mild expansion from January 2023 to December 2023: its price increased at an average monthly rate of +1.9% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for machines; parts and accessories, of heading no. 8472 decreased by -22.8% against November 2023 indices. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 114% against the previous month. The import price peaked at $143K per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($171K per ton), while the price for Mexico ($55,966 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Turkey (FOB) - 2022
In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $29,877 per ton, waning by -29.3% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 154%. As a result, the export price reached the peak level of $71,841 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($123,340 per ton), while the average price for exports to Georgia ($3,340 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 Spain (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Turkey
In 2022, the amount of machines; parts and accessories, of heading no. 8472 imported into Turkey reached 103 tons, surging by 15% compared with 2021. In general, imports, however, showed a abrupt decline.
In value terms, imports of machines; parts and accessories, of heading no. 8472 shrank to $11M in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The smallest decline of -7.3% was in 2020.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.0 | 5.0 | 5.4 | 3.7 | -14.9% |
| China | 2.8 | 2.4 | 1.8 | 2.4 | -5.0% |
| Japan | 4.1 | 2.9 | 2.2 | 2.3 | -17.5% |
| Philippines | 1.4 | 1.0 | 0.7 | 0.6 | -24.6% |
| Hungary | 2.0 | 3.7 | 0.3 | 0.6 | -33.1% |
| India | 0.3 | 0.4 | 0.2 | 0.2 | -12.6% |
| Others | 1.5 | 1.5 | 1.0 | 0.9 | -15.7% |
| Total | 18.1 | 16.8 | 11.6 | 10.7 | -16.1% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Turkey in 2022:
- China (30.0 tons)
- Germany (27.2 tons)
- Hungary (15.6 tons)
- Japan (15.0 tons)
- Philippines (6.5 tons)
- India (1.5 tons)
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Turkey
In 2022, exports of machines; parts and accessories, of heading no. 8472 from Turkey soared to 190 tons, rising by 64% against the previous year. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of machines; parts and accessories, of heading no. 8472 soared to $5.7M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,556 | 2,168 | 2,050 | 2,974 | 24.1% |
| Germany | 1,543 | 1,222 | 1,726 | 497 | -31.5% |
| Russia | N/A | N/A | 9.2 | 485 | 5171.7% |
| Iran | 487 | 106 | 84.3 | 353 | -10.2% |
| Georgia | 4.1 | 24.3 | 165 | 151 | 232.7% |
| United Kingdom | N/A | 78.0 | 68.7 | 140 | 34.0% |
| Cyprus | 94.6 | 31.3 | 56.2 | 99.8 | 1.8% |
| Spain | 1.4 | 0.9 | 23.2 | 87.5 | 296.9% |
| Others | 154 | 280 | 711 | 892 | 79.6% |
| Total | 3,840 | 3,910 | 4,893 | 5,679 | 13.9% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Turkey in 2022:
- Iran (65.7 tons)
- Georgia (45.1 tons)
- Netherlands (25.6 tons)
- United Kingdom (15.0 tons)
- Germany (9.7 tons)
- Spain (5.4 tons)
- Russia (3.9 tons)
- Cyprus (3.8 tons)
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This report provides an in-depth analysis of the computing machinery market in Turkey.
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This report provides an in-depth analysis of the global computing machinery market.
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