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Turkey - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 22, 2024

Turkey Sees Sharp Increase in Two-Wheeler Imports, Reaching $693M in 2023

Turkey Motorcycle And Bicycle Imports

In 2023, motorcycle and bicycle imports into Turkey soared to 389K units, increasing by 38% compared with 2022. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2020 when imports increased by 100%. Imports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, motorcycle and bicycle imports skyrocketed to $693M (IndexBox estimates) in 2023. Overall, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term. Turkey Motorcycle And Bicycle Imports By Country (Million USD)

COUNTRY	Import Value of Motorcycle And Bicycle in Turkey (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
China	77.0	84.2	90.0	99.3	67.8	33.3	18.8	35.8	54.2	62.0	126
Vietnam	N/A	5.1	10.2	10.5	9.7	8.8	9.1	11.4	48.1	68.6	107
Italy	12.0	9.7	9.4	8.0	9.1	13.2	10.3	16.1	28.1	59.3	99.7
India	3.8	9.5	11.2	32.2	10.6	4.2	1.7	7.1	11.5	11.1	89.4
Germany	6.5	10.2	14.9	13.2	16.7	14.2	6.7	10.4	16.3	24.3	68.9
Japan	15.4	23.8	30.1	28.9	20.7	17.2	12.3	13.7	21.6	19.5	57.0
France	7.5	13.3	19.0	21.8	8.9	9.5	22.0	24.8	13.6	17.5	36.1
Others	39.3	43.9	53.3	57.2	47.2	36.6	21.5	34.9	33.8	42.0	108
Total	161	200	238	271	191	137	102	154	227	304	693

Imports by Country

In 2023, China (177K units) constituted the largest motorcycle and bicycle supplier to Turkey, with a 46% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, India (69K units), threefold. Vietnam (60K units) ranked third in terms of total imports with a 15% share.

From 2013 to 2023, the average annual growth rate of volume from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.5% per year) and Vietnam (+151.3% per year).

In value terms, China ($126M), Vietnam ($107M) and Italy ($100M) were the largest motorcycle and bicycle suppliers to Turkey, with a combined 48% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +175.9%, 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.

Imports by Type

In 2023, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without side-cars; side-cars (367K units) was the main type of motorcycles and bicycles supplied to Turkey, with a 93% share of total imports. Moreover, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without side-cars; side-cars exceeded the figures recorded for the second-largest type, bicycles and other cycles (28K units), more than tenfold.

From 2013 to 2023, the average annual rate of growth in terms of the volume of motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without side-cars; side-cars imports totaled +10.8%.

In value terms, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without side-cars; side-cars ($684M) constituted the largest type of motorcycles and bicycles supplied to Turkey, comprising 99% of total imports. The second position in the ranking was held by bicycles and other cycles ($8.7M), with a 1.3% share of total imports.

Import Prices by Country

In 2023, the motorcycle and bicycle price amounted to $1,780 per unit (CIF, Turkey), growing by 65% against the previous year. Overall, the import price saw a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($7,538 per unit), while the price for Portugal ($319 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motorcycle and bicycle market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30911100 - Motorcycles, and cycles fitted with an auxiliary motor, with an engine capacity . .50 cm.
Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Turkey - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights

Turkey Sees Sharp Increase in Two-Wheeler Imports, Reaching $693M in 2023

Turkey Motorcycle And Bicycle Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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