In 2021, the Turkish market for pulley tackle and hoists powered by an electric motor increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.
In value terms, production of pulley tackle and hoists powered by an electric motor expanded modestly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.
In 2021, the number of electric motor-driven pulley blocks and cranes exported by Turkey soared to X units, an increase of X% over the previous year. Overall, exports continued to grow strongly. As a result, exports have peaked and may continue to grow in the short term.
In terms of value, 2021 exports of electric pulley blocks and cranes soared to X dollars. Exports continued to show significant growth during the review period. The most notable growth rate was in 2014, when exports increased by X% over the previous year. In 2015, exports peaked at $X; however, from 2016 to 2021, exports failed to regain momentum.
Serbia (X units), Uzbekistan (X units) and Iran (X units) were the main destinations for Turkish electric block and crane exports, together accounting for X% of total exports. Israel, Georgia, Russia, Syrian Arab Republic, Thailand and Romania are slightly behind, and together with X-year growth rate from 2012 to 2021, Romania has the most significant freight growth rate among the main destination countries (CAGR of + X%), while the other leaders grew more modestly.
The largest markets for electric motor driven pulley blocks and cranes exported by Turkey in terms of value are Iran (USD X), Russia (USD X) and Thailand (USD X, together accounting for X% of total exports). Romania, Serbia, Uzbekistan Stan, Israel, Georgia and the Syrian Arab Republic are slightly behind, plus X conditions in the main destination countries, Romania has a CAGR of +X%, with the highest growth rate in export value during the reporting period, while other Freight growth has been more modest for state leaders.
Overseas purchases of electric motor-driven pulley blocks and cranes increased by X% to X units in 2021, the second year in a row of increases after four years of decline. In general, however, imports fell markedly. In 2013, the import volume reached the peak of X units; however, from 2014 to 2021, the import is still at a low level.
In terms of value, imports of electric pulley blocks and cranes soared to $X in 2021. During the period under review, total imports show a certain growth from 2012 to 2021: their value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern shows that some notable fluctuations were recorded throughout the analysis period. Based on 2021 figures, imports are up +X% compared to the 2019 index. During the reporting period, imports reached an all-time high of $X in 2013; however, imports remained low from 2014 to 2021.
In 2021, China (X units) is the main supplier of electric pulley blocks and cranes to Turkey, accounting for X% of total imports. In addition, the number of pulley blocks and electric hoists imported from China exceeded that of the second largest supplier Germany (X Taiwan) by more than ten times. From 2012 to 2021, the average annual growth rate of China's production reaches +X%. The average annual growth rates of imports for the remaining supplying countries are as follows: Germany (-X% per year) and Finland (-X per year).
The largest suppliers of electric motors for pulley blocks and cranes in Turkey by value are China (USD X), Germany (USD X) and Finland (USD X, together accounting for X% of total imports). During the reporting period, With a CAGR of +X%, Finland had the highest growth rate of import value among major suppliers, while purchases from other countries had relatively modest growth rates.
In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Turkey were China, Germany and Finland, together accounting for 85% of total imports.
In value terms, Iran, Russia and Thailand were the largest markets for pulley tackle and hoists powered by an electric motor exported from Turkey worldwide, together accounting for 55% of total exports. Romania, Serbia, Uzbekistan, Israel, Georgia and Syrian Arab Republic lagged somewhat behind, together accounting for a further 16%.
The average export price for pulley tackle and hoists powered by an electric motor stood at $1,019 per unit in 2021, declining by -44.4% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $362 per unit, waning by -5.1% against the previous year.
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