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Turkey - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Jul 30, 2023

Price of Turkey's Motor Vehicle Engines Skyrockets to $1,306 per Unit

Turkey Motor Vehicle Engine Import Price in March 2023

In March 2023, the motor vehicle engine price amounted to $1,306 per unit (CIF, Turkey), growing by 13% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 17% month-to-month. The import price peaked at $1,432 per unit in June 2022; however, from July 2022 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was South Korea ($2,176 per unit), while the price for China ($239 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Motor Vehicle Engine in Turkey (USD per unit)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
South Korea1,8511,7811,8341,9441,9871,9442,0041,8531,8341,8792,1731,7922,176
Romania2,3222,2362,2182,1612,0422,2312,1052,0801,9201,9652,0612,0702,035
Poland1,6221,5731,6491,6031,5651,4661,5101,5951,6121,6011,6821,9261,780
United Kingdom1,2391,2771,3231,3511,3161,3171,2901,2921,3111,3781,4081,3911,393
India1,4921,4351,4361,4221,3751,2069241,1878898331,4611,4261,275
Italy1,4341,5391,2551,1931,1011,2631,2431,1351,1501,1491,2501,2371,177
China229220251275235237263218229265258223239
Average1,2881,3491,2481,4329659941,0771,2611,3661,3031,4281,1551,306

Turkey Motor Vehicle Engine Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc ($2,110 per unit), while the price for engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity not exceeding 50cc ($194 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (+2.8%), while the prices for the other products experienced a decline.

Turkey Motor Vehicle Engine Imports

In March 2023, the amount of motor vehicle engines (spark-ignition) imported into Turkey declined to 88K units, which is down by -5.9% against the previous month's figure. Over the period under review, total imports indicated a slight increase from March 2022 to March 2023: its volume increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +25.5% against January 2023 indices. The most prominent rate of growth was recorded in February 2023 when imports increased by 33% m-o-m. Over the period under review, imports attained the peak figure at 114K units in August 2022; however, from September 2022 to March 2023, imports failed to regain momentum.

In value terms, motor vehicle engine imports expanded remarkably to $115M (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +1.2% over the period from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in August 2022 when imports increased by 28% month-to-month. Over the period under review, imports reached the maximum at 147M units in December 2022; however, from January 2023 to March 2023, imports remained at a lower figure.

Turkey Motor Vehicle Engine Imports by Type

Engines (37K units), engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (24K units) and engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity not exceeding 50cc (15K units) were the main products of motor vehicle engine imports to Turkey, with a combined 86% share of total imports.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (with a CAGR of +6.7%), while imports for the other products experienced more modest paces of growth.

In value terms, engines ($57M), engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc ($50M) and engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc ($4.6M) were the most imported types of motor vehicle engines (spark-ignition) in Turkey, together comprising 97% of total imports.

Turkey Motor Vehicle Engine Imports by Country

China (25K units), the UK (13K units) and Romania (13K units) were the main suppliers of motor vehicle engine imports to Turkey, together comprising 58% of total imports. These countries were followed by South Korea, India, Italy and Poland, which together accounted for a further 38%.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle engine suppliers to Turkey were Romania ($26M), South Korea ($24M) and the UK ($18M), with a combined 59% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +14.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
  • Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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