Turkey: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Turkey

The Turkish trailer and semi-trailer market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, recorded a perceptible slump. Trailer and semi-trailer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Turkey

In value terms, trailer and semi-trailer production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports from Turkey

In 2022, the amount of cargo trailers and semi-trailers exported from Turkey soared to X units, picking up by 16% against 2021 figures. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for trailer and semi-trailer exports from Turkey, with a 24% share of total exports. Moreover, trailer and semi-trailer exports to Germany exceeded the volume sent to the second major destination, Russia (X units), threefold. Ukraine (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+0.3% per year) and Ukraine (+35.2% per year).

In value terms, Germany ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Turkey, comprising 35% of total exports. The second position in the ranking was taken by Russia ($X), with a 12% share of total exports. It was followed by Italy, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.5% per year) and Italy (+36.1% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, picking up by 6% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, trailer and semi-trailer export price increased by +39.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ghana ($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 Spain (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Turkey

In 2022, overseas purchases of cargo trailers and semi-trailers increased by 44% to X units, rising for the third consecutive year after four years of decline. Over the period under review, imports posted a tangible expansion. The growth pace was the most rapid in 2020 when imports increased by 211% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, trailer and semi-trailer imports surged to $X in 2022. In general, imports continue to indicate notable growth. The growth pace was the most rapid in 2020 when imports increased by 85% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units) was the main trailer and semi-trailer supplier to Turkey, with a 92% share of total imports. Moreover, trailer and semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Lithuania (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+641.1% per year) and the Netherlands (-37.8% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Turkey, comprising 81% of total imports. The second position in the ranking was held by Lithuania ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+412.2% per year) and the Netherlands (-39.8% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, reducing by -8.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 85%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform