Report Update: May 1, 2024

Turkey - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights

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Outboard Boat Motors Price in Turkey - 2023

Outboard Boat Motors Price in Turkey (CIF) - 2023

The average outboard boat motors import price stood at $3,361 per unit in July 2023, increasing by 6.6% against the previous month. In general, import price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, outboard boat motors import price increased by +29.9% against May 2023 indices. The growth pace was the most rapid in June 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices attained the peak figure at $3,538 per unit in February 2023; afterwards, it flattened through to July 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10,171 per unit), while the price for Thailand ($1,160 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Outboard Boat Motors Price in Turkey (FOB) - 2022

In 2022, the average outboard boat motors export price amounted to $5,385 per unit, surging by 76% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 108% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,838 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($17,002 per unit), while the average price for exports to Germany ($1,121 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports in Turkey

In 2022, outboard boat motors imports into Turkey soared to 13K units, jumping by 29% on the year before. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, outboard boat motors imports shrank slightly to $35M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Imports peaked at $36M in 2021, and then dropped slightly in the following year.

Import of Outboard Boat Motors in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	6.9	13.1	24.9	20.6	44.0%
United States	3.2	5.0	6.4	7.0	29.8%
China	1.6	3.4	3.4	6.0	55.4%
Thailand	0.4	0.3	1.1	0.7	20.5%
Others	N/A	N/A	0.1	0.3	200.0%
Total	12.1	21.9	35.8	34.6	41.9%

Top Suppliers of Outboard Boat Motors to Turkey in 2022:

Japan (6.8K units)
China (5.0K units)
United States (0.7K units)
Thailand (0.6K units)

Outboard Boat Motors Exports in Turkey

Outboard boat motors exports from Turkey soared to 586 units in 2022, rising by 132% on the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 488%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, outboard boat motors exports skyrocketed to $3.2M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Outboard Boat Motors in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	N/A	N/A	1,190	0%
Netherlands	13.1	N/A	179	949	316.9%
Cyprus	107	48.3	70.7	161	14.6%
France	N/A	N/A	22.7	138	507.9%
Spain	N/A	N/A	20.3	65.1	220.7%
Germany	N/A	10.9	3.6	57.2	129.1%
Azerbaijan	N/A	N/A	42.4	43.4	2.4%
Iraq	N/A	2.8	38.8	31.3	234.3%
Burkina Faso	N/A	N/A	2.8	N/A	0%
Myanmar	0.8	N/A	N/A	N/A	0%
Others	204	159	396	521	36.7%
Total	325	220	776	3,155	113.3%

Top Export Markets for Outboard Boat Motors from Turkey in 2022:

Netherlands (268.0 units)
Russia (70.0 units)
France (51.0 units)
Germany (51.0 units)
Cyprus (41.0 units)
Azerbaijan (13.0 units)
Iraq (12.0 units)
Spain (8.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors

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