Turkey: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Turkey

The Turkish market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced notably to $X in 2021, dropping by -23.4% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Turkey

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.9% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Turkey

In 2021, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Turkey surged to X tons, picking up by 2,183% against 2020. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Turkey, with a 97% share of total exports. It was followed by Iraq (X tons), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan amounted to +239.1%.

In value terms, Uzbekistan ($X) emerged as the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Turkey, comprising 93% of total exports. The second position in the ranking was held by Iraq ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan amounted to +258.2%.

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, which is down by -49.7% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 178%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

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 Iraq ($X per ton), while the average price for exports to Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+18.1%).

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Turkey

Imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Turkey surged to X tons in 2021, rising by 21% against the previous year's figure. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 136%. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 107% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier to Turkey, with a 64% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.7% per year) and the United States (+10.0% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Turkey, together comprising 88% of total imports. Austria and Thailand lagged somewhat behind, together comprising a further 9.6%.

In terms of the main suppliers, Austria, with a CAGR of +29.3%, saw 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

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, picking up by 15% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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