Turkey: Bulldozer Market 2024

Bulldozer Market Size in Turkey

In 2022, the Turkish bulldozer market increased by 49% to $X, rising for the second year in a row after five years of decline. In general, consumption recorded a relatively flat trend pattern. Bulldozer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Bulldozer Production in Turkey

In value terms, bulldozer production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 1,748,438,300%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Bulldozer Exports

Exports from Turkey

Bulldozer exports from Turkey shrank notably to X units in 2022, with a decrease of -26% compared with 2021 figures. Overall, exports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 93%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bulldozer exports fell notably to $X in 2022. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2018 with an increase of 239%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Azerbaijan (X units) and Cote d'Ivoire (X units) were the main destinations of bulldozer exports from Turkey, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +89.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bulldozer exported from Turkey were Azerbaijan ($X), Georgia ($X) and the Netherlands ($X), together accounting for 49% of total exports. Australia, Mexico, Russia, Kyrgyzstan, Spain, Iran, Egypt, Cote d'Ivoire, Liberia and Albania lagged somewhat behind, together accounting for a further 39%.

Russia, with a CAGR of +97.8%, recorded the highest growth rate of 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

In 2022, the average bulldozer export price amounted to $X per unit, dropping by -20% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer export price increased by +46.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+77.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Turkey

In 2022, supplies from abroad of bulldozers and angle dozers increased by 60% to X units, rising for the third year in a row after four years of decline. In general, imports, however, saw a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 134%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of 282%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), Brazil (X units) and China (X units) were the main suppliers of bulldozer imports to Turkey, together comprising 64% of total imports. The United States, Austria, Thailand and France lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Japan ($X) and Austria ($X) constituted the largest bulldozer suppliers to Turkey, together comprising 81% of total imports. China, Thailand, the United States and France lagged somewhat behind, together accounting for a further 18%.

Thailand, with a CAGR of +64.3%, recorded the highest growth rate of the value of imports, in terms of 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 bulldozer import price amounted to $X per unit, which is down by -15.4% against the previous year. In general, the import price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 63% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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