Turkey: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Turkey

The Turkish motorised invalid carriage market dropped dramatically to $X in 2021, which is down by -34% against the previous year. Overall, consumption saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Turkey

In value terms, motorised invalid carriage production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 128% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from Turkey

In 2021, overseas shipments of invalid carriages motorised or mechanically propelled increased by 157% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 406%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, motorised invalid carriage exports soared to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 846%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units) was the main destination for motorised invalid carriage exports from Turkey, with a 62% share of total exports. Moreover, motorised invalid carriage exports to Azerbaijan exceeded the volume sent to the second major destination, Syrian Arab Republic (X units), sixfold. Bulgaria (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan stood at +64.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+110.1% per year) and Bulgaria (+18.2% per year).

In value terms, Azerbaijan ($X), Syrian Arab Republic ($X) and Bulgaria ($X) constituted the largest markets for motorised invalid carriage exported from Turkey worldwide, together comprising 64% of total exports.

Syrian Arab Republic, with a CAGR of +81.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average motorised invalid carriage export price amounted to $X per unit, reducing by -31.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 87% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while the average price for exports to Azerbaijan ($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 United States (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Turkey

In 2021, purchases abroad of invalid carriages motorised or mechanically propelled increased by 1.2% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 53% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, motorised invalid carriage imports expanded slightly to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of motorised invalid carriage to Turkey, accounting for a 94% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.2% per year) and Taiwan (Chinese) (-21.2% per year).

In value terms, China ($X) constituted the largest supplier of invalid carriages motorised or mechanically propelled to Turkey, comprising 86% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.9% per year) and Taiwan (Chinese) (-16.0% per year).

Import Prices by Country

The average motorised invalid carriage import price stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 19% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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