Turkey: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Turkey

The Turkish fuel or lubricating pump market reduced sharply to $X in 2021, shrinking by -36.1% against the previous year. Over the period under review, consumption recorded a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Turkey

In value terms, fuel or lubricating pump production reduced modestly to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.7% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Fuel or lubricating pump production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Turkey

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from Turkey; rising by 69% against the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 85%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, fuel or lubricating pump exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 114% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), Slovakia (X units) and the UK (X units) were the main destinations of fuel or lubricating pump exports from Turkey, together comprising 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +219.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Turkey, comprising 36% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.5% share of total exports. It was followed by the UK, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+91.7% per year) and the UK (+20.9% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Turkey

Fuel or lubricating pump imports into Turkey declined to X units in 2021, dropping by -1.9% compared with the year before. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 24%. Imports peaked at X units in 2020, and then fell modestly in the following year.

In value terms, fuel or lubricating pump imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; 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 19%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest fuel or lubricating pump supplier to Turkey, with a 30% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+17.4% per year) and Germany (+4.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Turkey, comprising 28% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and China (+7.7% per year).

Import Prices by Country

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, picking up by 8.6% against the previous year. Overall, the import price, however, recorded a slight curtailment. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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