Turkey: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in Turkey

The Turkish motorcycle and scooter market reduced to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Motorcycle And Scooter Production in Turkey

In value terms, motorcycle and scooter production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Motorcycle and scooter production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Motorcycle And Scooter Exports

Exports from Turkey

In 2022, shipments abroad of motorcycles and scooters increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle and scooter exports surged to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X units) was the main destination for motorcycle and scooter exports from Turkey, accounting for a X% share of total exports. Moreover, motorcycle and scooter exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. The third position in this ranking was taken by Azerbaijan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Syrian Arab Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Azerbaijan (X% per year).

In value terms, Syrian Arab Republic ($X), Russia ($X) and Azerbaijan ($X) appeared to be the largest markets for motorcycle and scooter exported from Turkey worldwide, together accounting for X% of total exports. Lebanon, Cyprus, Hungary, Romania and Georgia lagged somewhat behind, together accounting for a further X%.

Lebanon, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average motorcycle and scooter export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

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

Motorcycle And Scooter Imports

Imports into Turkey

In 2022, supplies from abroad of motorcycles and scooters increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports saw notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle and scooter imports soared to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 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.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of motorcycle and scooter to Turkey, with a X% share of total imports. Moreover, motorcycle and scooter imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the largest motorcycle and scooter suppliers to Turkey were Vietnam ($X), Italy ($X) and China ($X), together comprising X% of total imports. Japan, France, India, Thailand and Indonesia lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average motorcycle and scooter import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform