Turkey - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey 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.
| COUNTRY | Import Value of Motorcycle And Bicycle in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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.
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
