Turkey: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Turkey

In 2021, the Turkish market for diesel or semi-diesel electric generating sets of output under X kVA increased by 14% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate significant growth. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Under X kVA in Turkey

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted significant growth. The growth pace was the most rapid in 2017 with an increase of 976%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Turkey

Exports of diesel or semi-diesel electric generating sets of output under X kVA from Turkey skyrocketed to X units in 2021, with an increase of 15% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2019 when exports increased by 114%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.0% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 62%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Libya (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Turkey, with a 29% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Libya exceeded the volume sent to the second major destination, Iraq (X units), fivefold. The third position in this ranking was taken by Serbia (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Libya stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+0.2% per year) and Serbia (+23.5% per year).

In value terms, Libya ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Turkey, comprising 29% of total exports. The second position in the ranking was held by Iraq ($X), with an 8.4% share of total exports. It was followed by Ukraine, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-2.1% per year) and Ukraine (+16.8% per year).

Export Prices by Country

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, increasing by 20% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for diesel or semi-diesel electric generating sets of output under X kVA increased by +44.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 52%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Lebanon ($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 Libya (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Turkey

In 2021, overseas purchases of diesel or semi-diesel electric generating sets of output under X kVA increased by 14% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA rose markedly to $X in 2021. Overall, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2014 with an increase of 23%. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of diesel or semi-diesel electric generating set of output under X kVA to Turkey, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Turkey.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, falling by -4.3% against the previous year. In general, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.5% per year.

Source: IndexBox Platform

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