Turkey: Engine Generator Market 2024

Engine Generator Market Size in Turkey

The Turkish engine generator market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a abrupt slump. Engine generator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Production in Turkey

In value terms, engine generator production stood at $X in 2022 estimated in export price. Overall, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports from Turkey

In 2022, shipments abroad of generators for internal combustion engines was finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, engine generator exports reached $X in 2022. In general, exports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), Germany (X units) and Romania (X units) were the main destinations of engine generator exports from Turkey, with a combined X% share of total exports. France, Morocco, Poland, Russia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Romania ($X) were the largest markets for engine generator exported from Turkey worldwide, together accounting for X% of total exports. France, Morocco, Poland, Russia and Italy lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and Russia ($X per unit), while the average price for exports to Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Engine Generator Imports

Imports into Turkey

Engine generator imports into Turkey contracted sharply to X units in 2022, reducing by X% against 2021 figures. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, engine generator imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Hungary (X units), Italy (X units) and Spain (X units) were the main suppliers of engine generator imports to Turkey, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest engine generator suppliers to Turkey were Hungary ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and India ($X per unit), while the price for Japan ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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