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Turkey - Trucks - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Aug 3, 2023

Price per Unit of Turkeys Reduced to $24,177

Turkey Truck Export Price in March 2023

In March 2023, the truck price stood at $24,177 per unit (FOB, Turkey), approximately mirroring the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 8.1% against the previous month. Over the period under review, the average export prices attained the maximum at $24,943 per unit in January 2023; however, from February 2023 to March 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($24,992 per unit), while the average price for exports to the United States ($10,493 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Truck in Turkey (USD per unit)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
France22,88822,06223,33324,00421,23821,95521,87323,00725,11924,92925,13724,63624,992
Denmark23,28324,40223,16623,51623,09823,09021,67123,37225,50026,81425,52226,81524,784
Belgium23,80623,45022,45023,10624,17224,46623,49523,60224,58524,31125,01823,99724,545
United Kingdom21,88724,77021,76822,60119,69020,42721,00221,83921,14424,43724,35124,16923,961
Slovenia22,23822,58921,96322,92619,62720,62021,31621,12523,01222,78723,10723,12623,472
Germany24,96224,14526,10123,53820,26826,36722,60921,05625,86723,56124,19926,07723,169
Spain22,62023,29822,31322,69422,36719,85821,69921,86421,89922,57122,69722,59523,001
Netherlands25,25226,40927,80033,53919,65419,68920,11418,69122,24924,71125,01424,32122,251
Italy21,79922,47921,45821,73220,83621,72620,94221,59022,87924,03425,28323,87122,193
United States25,45225,33624,77724,67223,61723,43422,44522,85724,02424,11824,688N/A10,493
Average22,85223,65922,61523,22220,85222,53522,01422,34923,09224,46524,94324,39424,177

Turkey Truck Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In March 2023, the product with the highest price was diesel or semi-diesel trucks of a g.v.w. over 20 tonnes ($217K per unit), while the average price for exports of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes ($23,647 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for the following types: diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (+2.3%), while the prices for the other products experienced more modest paces of growth.

Turkey Truck Exports

In March 2023, shipments abroad of trucks increased by 26% to 20K units, rising for the second consecutive month after three months of decline. Overall, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in September 2022 with an increase of 45% month-to-month. The exports peaked at 25K units in March 2022; however, from April 2022 to March 2023, the exports failed to regain momentum.

In value terms, truck exports skyrocketed to $477M (IndexBox estimates) in March 2023. In general, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in September 2022 with an increase of 41% against the previous month. The exports peaked at 563M units in March 2022; however, from April 2022 to March 2023, the exports remained at a lower figure.

Turkey Truck Exports by Type

Diesel or semi-diesel trucks of a g.v.w. under 5 tonnes (19K units) was the largest type of truck exported from Turkey, accounting for a 98% share of total exports. It was followed by spark-ignition trucks of a g.v.w. under 5 tonnes (321 units), with a 1.6% share of total exports. Diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (53 units) ranked third in terms of total exports with a 0.3% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of export of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes amounted to -1.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: spark-ignition trucks of a g.v.w. under 5 tonnes (-14.0% per month) and diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (-5.0% per month).

In value terms, diesel or semi-diesel trucks of a g.v.w. under 5 tonnes ($457M) remains the largest type of truck exported from Turkey, comprising 96% of total exports. The second position in the ranking was held by spark-ignition trucks of a g.v.w. under 5 tonnes ($7.9M), with a 1.6% share of total exports. It was followed by diesel or semi-diesel trucks of a g.v.w. over 20 tonnes, with a 1.5% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of the export volume of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: spark-ignition trucks of a g.v.w. under 5 tonnes (-13.9% per month) and diesel or semi-diesel trucks of a g.v.w. over 20 tonnes (-2.0% per month).

Turkey Truck Exports by Country

the UK (4.8K units), Italy (3K units) and France (2.9K units) were the main destinations of truck exports from Turkey, together comprising 54% of total exports. These countries were followed by Slovenia, Belgium, Spain, Germany, Denmark, the Netherlands and the United States, which together accounted for a further 33%.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($116M), France ($72M) and Slovenia ($67M) appeared to be the largest markets for truck exported from Turkey worldwide, together accounting for 53% of total exports. Italy, Belgium, Spain, Germany, Denmark, the Netherlands and the United States lagged somewhat behind, together accounting for a further 32%.

the Netherlands, with a CAGR of +10.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
  • Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
  • Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
  • Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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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