Turkey: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Turkey

In 2022, the Turkish market for electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to $X, rising for the eighth consecutive year after two years of decline. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Turkey

In value terms, lighting equipment for motor vehicles production stood at $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Turkey

After seven years of decline, overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports expanded sharply to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main destinations of lighting equipment for motor vehicles exports from Turkey, together comprising X% of total exports. Spain, the Czech Republic, France, Belgium, Russia, Slovenia, Slovakia, Poland, Morocco and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) constituted the largest markets for lighting equipment for motor vehicles exported from Turkey worldwide, together accounting for X% of total exports. Spain, the Czech Republic, France, Belgium, Russia, Slovenia, Slovakia, Poland, Morocco and the UK lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, 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

The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per unit) and Belgium ($X per unit), while the average price for exports to Russia ($X per unit) and France ($X per unit) were amongst the lowest.

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Turkey

Lighting equipment for motor vehicles imports into Turkey expanded markedly to X units in 2022, picking up by X% compared with the previous year. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lighting equipment for motor vehicles imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Romania (X units) and the Czech Republic (X units) were the main suppliers of lighting equipment for motor vehicles imports to Turkey, together comprising X% of total imports. Taiwan (Chinese), India, Spain, Germany, South Korea, Italy, Slovakia, the UK, France and Portugal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Romania ($X) and the Czech Republic ($X) were the largest lighting equipment for motor vehicles suppliers to Turkey, together comprising X% of total imports. Taiwan (Chinese), India, Spain, Germany, South Korea, Italy, Slovakia, the UK, France and Portugal lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Portugal ($X per unit) and Romania ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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