Turkey: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Turkey

The Turkish civil reaction engine market shrank sharply to $X in 2021, which is down by -28.7% against the previous year. Overall, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Civil Reaction Engine Production in Turkey

In value terms, civil reaction engine production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Civil Reaction Engine Exports

Exports from Turkey

Civil reaction engine exports from Turkey soared to X units in 2021, rising by 47% on the year before. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 850%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, civil reaction engine exports reduced sharply to $X in 2021. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 3,586%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X units) was the main destination for civil reaction engine exports from Turkey, accounting for a 39% share of total exports. Moreover, civil reaction engine exports to Sudan exceeded the volume sent to the second major destination, Liberia (X units), threefold. The third position in this ranking was held by Georgia (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (0.0% per year) and Georgia (+20.7% per year).

In value terms, the largest markets for civil reaction engine exported from Turkey were Liberia ($X), Sudan ($X) and Poland ($X), with a combined 69% share of total exports.

Sudan, with a CAGR of +380.7%, recorded the highest rates of growth with regard to 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.

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, with a decrease of -95.6% against the previous year. Overall, the export price, however, enjoyed slight growth. The growth pace was the most rapid in 2020 an increase of 3,474% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+486.1%), while the prices for the other major destinations experienced more modest paces of growth.

Civil Reaction Engine Imports

Imports into Turkey

In 2021, after two years of growth, there was significant decline in supplies from abroad of civil reaction engines, when their volume decreased by -69.9% to X units. In general, imports faced a deep reduction. The growth pace was the most rapid in 2015 with an increase of 2,467% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, civil reaction engine imports surged to $X in 2021. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 7,897% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X units) was the main supplier of civil reaction engine to Turkey, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +27.7%.

In value terms, South Korea ($X) constituted the largest supplier of civil reaction engines to Turkey, comprising 99% of total imports. The second position in the ranking was held by Germany ($X), with a 0.3% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +173.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.5% per year) and the United States (-11.6% per year).

Import Prices by Country

The average civil reaction engine import price stood at $X per unit in 2021, with an increase of 14,688% against the previous year. In general, the import price enjoyed a significant increase. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+64.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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