Turkey: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Turkey

In 2021, the Turkish passenger car tyre market decreased by -43.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible slump. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Passenger Car Tyre Production in Turkey

In value terms, passenger car tyre production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell modestly in the following year.

Passenger Car Tyre Exports

Exports from Turkey

Passenger car tyre exports from Turkey surged to X units in 2021, with an increase of 85% compared with the previous year. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, passenger car tyre exports surged to $X in 2021. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and the UK (X units) were the main destinations of passenger car tyre exports from Turkey, with a combined 37% share of total exports. Morocco, the Netherlands, Egypt, Italy, Russia, France, Spain, Poland, Hungary and Ukraine lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +77.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Turkey were Germany ($X), the United States ($X) and the Netherlands ($X), together comprising 39% of total exports. These countries were followed by the UK, Italy, Morocco, Egypt, Russia, Spain, France, Poland, Hungary and Ukraine, which together accounted for a further 39%.

Hungary, with a CAGR of +71.0%, 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

The average passenger car tyre export price stood at $X per unit in 2021, remaining constant against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 8.2%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Morocco ($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 Italy (+1.4%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Turkey

In 2021, overseas purchases of tyres for motor cars increased by 18% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, passenger car tyre imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), Romania (X units) and Germany (X units) were the main suppliers of passenger car tyre imports to Turkey, together accounting for 35% of total imports. These countries were followed by Hungary, Poland, Serbia, Spain, Italy, Slovenia, the Czech Republic, France, Slovakia and China, which together accounted for a further 58%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Romania ($X) were the largest passenger car tyre suppliers to Turkey, with a combined 35% share of total imports. Spain, Italy, Hungary, Serbia, Poland, France, the Czech Republic, Slovakia, Slovenia and China lagged somewhat behind, together comprising a further 57%.

Slovakia, with a CAGR of +18.2%, 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 passenger car tyre import price amounted to $X per unit, picking up by 7.9% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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