Turkey: Truck Crane Market 2025

Truck Crane Market Size in Turkey

The Turkish truck crane market declined markedly to $X in 2021, dropping by -33.7% against the previous year. In general, consumption continues to indicate a deep contraction. Truck crane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Production in Turkey

In value terms, truck crane production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 103%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Truck Crane Exports

Exports from Turkey

Truck crane exports from Turkey surged to X units in 2021, jumping by 177% compared with the previous year. Overall, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck crane exports skyrocketed to $X in 2021. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X units), Libya (X units) and Finland (X units) were the main destinations of truck crane exports from Turkey, with a combined 1.2% share of total exports. Mali, Romania, Ukraine, Azerbaijan, Norway, Iraq, Denmark, Bangladesh, Syrian Arab Republic and the Netherlands lagged somewhat behind, together comprising a further 1.7%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the key foreign market for truck cranes exports from Turkey, comprising 20% of total exports. The second position in the ranking was held by Finland ($X), with a 6% share of total exports. It was followed by Denmark, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Israel amounted to +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+51.7% per year) and Denmark (+31.9% per year).

Export Prices by Country

The average truck crane export price stood at $X per unit in 2021, shrinking by -7.8% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2016 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Bangladesh (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into Turkey

In 2021, overseas purchases of truck cranes increased by 75% to X units, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 107%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, truck crane imports soared to $X in 2021. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 164% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of truck crane to Turkey, with a 3.8% share of total imports. Moreover, truck crane imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.7% per year) and the Netherlands (-11.5% per year).

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Turkey, comprising 44% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+21.5% per year) and the Netherlands (-4.9% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, growing by 33% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, truck crane import price increased by +101.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 51%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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 Germany ($X per unit), while the price for Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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