Transformer Market Overview in Turkey
In value terms, transformer production expanded markedly to $ in 2018 estimated in export prices. Overall, the total production indicated a strong expansion from 2007 to 2018: its value decreased at an average annual rate of -% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2010 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level in 2018 and is likely to see gradual growth in years to come.
The size of the transformer market in Turkey dropped sharply to $ in 2018, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. Transformer consumption peaked at $ in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.