Turkey - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Turkey - 2023
Contents:
- Motor Vehicle Engine Price in Turkey (CIF) - 2023
- Motor Vehicle Engine Price in Turkey (FOB) - 2023
- Motor Vehicle Engine Imports in Turkey
- Motor Vehicle Engine Exports in Turkey
Motor Vehicle Engine Price in Turkey (CIF) - 2023
In July 2023, the average motor vehicle engine import price amounted to $860 per unit, waning by -9.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 17% month-to-month. Over the period under review, average import prices attained the peak figure at $1,428 per unit in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($2,114 per unit), while the price for China ($218 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Turkey (FOB) - 2023
The average motor vehicle engine export price stood at $1,841 per unit in July 2023, shrinking by -1.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 17% against the previous month. As a result, the export price reached the peak level of $2,165 per unit; afterwards, it flattened through to July 2023.
Average prices varied noticeably for the major external markets. In July 2023, the countries with the highest prices were Spain ($1,983 per unit) and Morocco ($1,768 per unit), while the average price for exports to Slovenia ($1,702 per unit) and Romania ($1,723 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.8%), while the prices for the other major destinations experienced a decline.
Motor Vehicle Engine Imports in Turkey
In 2022, the amount of motor vehicle engines (spark-ignition) imported into Turkey shrank significantly to 37M units, waning by -69.2% against the previous year's figure. In general, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, imports reached the peak of 120M units, and then dropped dramatically in the following year.
In value terms, motor vehicle engine imports dropped markedly to $681M in 2022. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. As a result, imports reached the peak of $2.1B, and then shrank rapidly in the following year.
| Import of Motor Vehicle Engine in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 255 | 181 | 572 | 220 | -4.8% |
| South Korea | 113 | 108 | 390 | 142 | 7.9% |
| United Kingdom | 263 | 195 | 278 | 75.3 | -34.1% |
| India | 84.2 | 106 | 181 | 58.5 | -11.4% |
| Poland | 36.6 | 75.5 | 178 | 51.0 | 11.7% |
| Italy | 148 | 112 | 121 | 39.8 | -35.5% |
| Spain | 55.0 | 109 | 131 | 32.9 | -15.7% |
| Japan | 108 | 85.9 | 98.3 | 30.2 | -34.6% |
| China | 14.4 | 24.0 | 71.1 | 8.0 | -17.8% |
| Others | 67.8 | 45.3 | 85.1 | 23.9 | -29.4% |
| Total | 1,145 | 1,042 | 2,106 | 681 | -15.9% |
Top Suppliers of Motor Vehicle Engine to Turkey in 2022:
- Romania (9.2M units)
- United Kingdom (6.0M units)
- South Korea (5.3M units)
- India (4.4M units)
- Italy (3.1M units)
- Poland (3.0M units)
- Japan (1.6M units)
- Spain (1.4M units)
- China (1.3M units)
Motor Vehicle Engine Exports in Turkey
In 2022, exports of motor vehicle engines (spark-ignition) from Turkey expanded markedly to 27M units, growing by 6.1% compared with 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked at 28M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, motor vehicle engine exports stood at $488M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 72%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Motor Vehicle Engine in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 111 | 79.2 | 124 | 142 | 8.6% |
| Spain | 1.2 | 71.9 | 173 | 141 | 389.8% |
| Slovenia | 55.5 | 70.0 | 120 | 109 | 25.2% |
| Romania | 102 | 42.9 | 38.9 | 85.8 | -5.6% |
| France | 7.3 | 1.3 | 2.2 | 5.5 | -9.0% |
| Others | 3.2 | 3.3 | 3.9 | 4.4 | 11.2% |
| Total | 280 | 269 | 462 | 488 | 20.3% |
Top Export Markets for Motor Vehicle Engine from Turkey in 2022:
- Morocco (8.1M units)
- Romania (7.2M units)
- Spain (6.1M units)
- Slovenia (4.7M units)
- France (0.4M units)
This report provides an in-depth analysis of the motor vehicle engine market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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