Turkey - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Turkey - 2023
Contents:
- Price for Internal Combustion Engine Equipment in Turkey (CIF) - 2023
- Price for Internal Combustion Engine Equipment in Turkey (FOB) - 2023
- Imports of Internal Combustion Engine Equipment in Turkey
- Exports of Internal Combustion Engine Equipment in Turkey
Price for Internal Combustion Engine Equipment in Turkey (CIF) - 2023
The average internal combustion engine equipment import price stood at $14.0 per unit in September 2023, dropping by -17.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 54% month-to-month. As a result, import price reached the peak level of $21.2 per unit. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($43.4 per unit), while the price for South Korea ($6.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in Turkey (FOB) - 2023
The average internal combustion engine equipment export price stood at $11.1 per unit in September 2023, flattening at the previous month. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 102% m-o-m. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Bosnia and Herzegovina ($29.9 per unit), while the average price for exports to Hong Kong SAR ($5.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Internal Combustion Engine Equipment in Turkey
In 2022, the amount of equipment for internal combustion engines imported into Turkey reached 2.4M units, increasing by 4.4% on 2021 figures. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, internal combustion engine equipment imports stood at $18M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 7.6% against the previous year. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Internal Combustion Engine Equipment in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.3 | 3.0 | 2.6 | 4.1 | 21.3% |
Poland | N/A | N/A | 1.7 | 3.8 | 123.5% |
France | 0.6 | 1.7 | 1.4 | 1.9 | 46.8% |
Germany | 8.4 | 6.8 | 5.2 | 1.6 | -42.5% |
Italy | 0.3 | 1.5 | 1.8 | 0.9 | 44.2% |
Taiwan (Chinese) | 0.2 | 0.3 | 0.3 | 0.9 | 65.1% |
Malaysia | 1.3 | 0.3 | N/A | 0.8 | -14.9% |
United States | 1.0 | 0.4 | 0.5 | 0.7 | -11.2% |
Japan | 0.5 | 0.4 | 0.4 | 0.5 | 0.0% |
Slovenia | 0.5 | 1.2 | 0.3 | 0.4 | -7.2% |
India | 0.2 | 0.4 | 0.2 | 0.4 | 26.0% |
Hungary | N/A | 0.1 | 1.8 | 0.4 | 100.0% |
Thailand | N/A | 0.2 | 0.3 | 0.4 | 41.4% |
Others | 1.6 | 2.1 | 0.7 | 0.9 | -17.5% |
Total | 16.9 | 18.2 | 17.3 | 17.7 | 1.6% |
Top Suppliers of Internal Combustion Engine Equipment to Turkey in 2022:
- China (555.3K units)
- Poland (517.7K units)
- France (261.1K units)
- Germany (219.4K units)
- Italy (118.9K units)
- Taiwan (Chinese) (116.9K units)
- Malaysia (111.8K units)
- United States (101.2K units)
- Japan (69.3K units)
- Thailand (55.0K units)
- India (54.5K units)
- Hungary (49.9K units)
- Slovenia (48.7K units)
Exports of Internal Combustion Engine Equipment in Turkey
For the third consecutive year, Turkey recorded decline in shipments abroad of equipment for internal combustion engines, which decreased by -0.8% to 280K units in 2022. In general, exports saw a abrupt setback. Over the period under review, the exports hit record highs at 363K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, internal combustion engine equipment exports soared to $5.2M in 2022. Over the period under review, exports, however, showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Internal Combustion Engine Equipment in Turkey (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 571 | 419 | 657 | 941 | 18.1% |
Georgia | 36.7 | 33.8 | 44.6 | 478 | 135.3% |
Belarus | 7.2 | 29.9 | 56.1 | 348 | 264.3% |
Italy | 37.8 | 42.0 | 193 | 257 | 89.4% |
Iran | 80.5 | 13.0 | 71.8 | 249 | 45.7% |
Germany | 129 | 189 | 221 | 210 | 17.6% |
France | 54.6 | 37.3 | 62.1 | 207 | 55.9% |
Azerbaijan | 90.0 | 94.2 | 124 | 194 | 29.2% |
Kazakhstan | 3.1 | 2.5 | 1.0 | 191 | 295.0% |
Poland | 134 | 142 | 234 | 161 | 6.3% |
Bulgaria | 59.3 | 118 | 71.1 | 138 | 32.5% |
Cyprus | 47.7 | 148 | 110 | 135 | 41.5% |
Lithuania | 20.8 | 9.5 | 15.3 | 120 | 79.4% |
Others | 1,068 | 1,011 | 1,248 | 1,583 | 14.0% |
Total | 2,340 | 2,290 | 3,110 | 5,212 | 30.6% |
Top Export Markets for Internal Combustion Engine Equipment from Turkey in 2022:
- Russia (50.4K units)
- Georgia (25.6K units)
- Belarus (18.6K units)
- Italy (13.8K units)
- Iran (13.4K units)
- Germany (11.2K units)
- France (11.1K units)
- Azerbaijan (10.4K units)
- Kazakhstan (10.2K units)
- Poland (8.6K units)
- Bulgaria (7.4K units)
- Cyprus (7.2K units)
- Lithuania (6.4K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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