Turkey: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Turkey

In 2021, after four years of growth, there was decline in the Turkish motor vehicle engine market, when its value decreased by -2.4% to $X. Over the period under review, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Motor Vehicle Engine Production in Turkey

In value terms, motor vehicle engine production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Motor Vehicle Engine Exports

Exports from Turkey

After three years of decline, shipments abroad of motor vehicle engines (spark-ignition) increased by 29% to X tons in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 250% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by 343%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X tons), Morocco (X tons) and Slovenia (X tons) were the main destinations of motor vehicle engine exports from Turkey, together accounting for 82% 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 Slovenia (with a CAGR of +230.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle engine exported from Turkey were Spain ($X), Morocco ($X) and Slovenia ($X), together accounting for 90% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +253.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor vehicle engine export price stood at $X per ton in 2021, growing by 33% against the previous year. In general, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 34%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Turkey

In 2021, after three years of decline, there was significant growth in supplies from abroad of motor vehicle engines (spark-ignition), when their volume increased by 82% to X tons. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle engine imports soared to $X in 2021. In general, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), the UK (X tons) and South Korea (X tons) were the main suppliers of motor vehicle engine imports to Turkey, with a combined 51% share of total imports. India, Poland, Italy, China, Japan, Spain and France lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +179.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), South Korea ($X) and the UK ($X) were the largest motor vehicle engine suppliers to Turkey, with a combined 59% share of total imports. These countries were followed by India, Poland, Spain, Italy, Japan, China and France, which together accounted for a further 37%.

Poland, with a CAGR of +191.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motor vehicle engine import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, import price indicated strong growth 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, motor vehicle engine import price increased by +80.8% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 21%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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