Turkey: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Turkey

The Turkish motorcycle or bicycle tyre market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Tyres For Motorcycles or Bicycles in Turkey

In value terms, motorcycle or bicycle tyre production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Turkey

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, motorcycle or bicycle tyre exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Syrian Arab Republic (X units) was the main destination for motorcycle or bicycle tyre exports from Turkey, with a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Tunisia (X units), threefold. The third position in this ranking was taken by Germany (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: Tunisia (X% per year) and Germany (X% per year).

In value terms, the largest markets for motorcycle or bicycle tyre exported from Turkey were Syrian Arab Republic ($X), Denmark ($X) and Italy ($X), with a combined X% share of total exports. The UK, Tunisia, Germany, Spain, Poland, Morocco, Algeria and the Netherlands lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 or bicycle tyre export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Tunisia ($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 Syrian Arab Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Turkey

After two years of growth, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, motorcycle or bicycle tyre imports dropped to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Pakistan (X units) and Bangladesh (X units) were the main suppliers of motorcycle or bicycle tyre imports to Turkey, with a combined X% share of total imports. The Czech Republic, Vietnam, Serbia, Thailand, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and the Czech Republic ($X) constituted the largest motorcycle or bicycle tyre suppliers to Turkey, together comprising X% of total imports. Bangladesh, Vietnam, Serbia, Thailand, Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded 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 or bicycle tyre import price amounted to $X per unit, with an increase of X% against the previous year. Overall, import price indicated a moderate expansion 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. Based on 2022 figures, motorcycle or bicycle tyre import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue 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 Indonesia ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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