Price for Reciprocating or Rotary Internal Combustion Piston Engines in Turkey - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (CIF) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (FOB) - 2024
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (CIF) - 2024
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,182 per unit in January 2024, surging by 11% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in October 2023 when the average import price increased by 20% against the previous month. The import price peaked at $1,200 per unit in March 2023; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($2,091 per unit), while the price for China ($197 per unit) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (FOB) - 2024
The average export price for reciprocating or rotary internal combustion piston engineses stood at $1,801 per unit in January 2024, rising by 2.3% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 15% m-o-m. As a result, the export price reached the peak level of $2,179 per unit; afterwards, it flattened through to January 2024.
Average prices varied noticeably for the major foreign markets. In January 2024, the highest price was recorded for prices to Morocco ($1,845 per unit) and Slovenia ($1,831 per unit), while the average price for exports to Romania ($1,714 per unit) and Spain ($1,751 per unit) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.2%), while the prices for the other major destinations experienced a decline.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey
In 2022, approx. 1.2M units of reciprocating or rotary internal combustion piston engineses were imported into Turkey; picking up by 2% on the previous year. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses reduced to $1.3B in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $1.4B, and then contracted in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 255 | 181 | 332 | 277 | 2.8% |
| United Kingdom | 263 | 195 | 197 | 175 | -12.7% |
| South Korea | 113 | 108 | 235 | 161 | 12.5% |
| Poland | 36.6 | 75.5 | 120 | 132 | 53.4% |
| India | 84.2 | 106 | 117 | 131 | 15.9% |
| China | 19.9 | 36.9 | 60.5 | 97.6 | 69.9% |
| Italy | 241 | 131 | 90.2 | 81.8 | -30.2% |
| Others | 251 | 291 | 279 | 250 | -0.1% |
| Total | 1,263 | 1,125 | 1,430 | 1,306 | 1.1% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Turkey in 2022:
- China (451.5K units)
- United Kingdom (133.7K units)
- Romania (130.3K units)
- India (108.6K units)
- South Korea (85.2K units)
- Poland (82.3K units)
- Italy (66.5K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey
In 2022, exports of reciprocating or rotary internal combustion piston engineses from Turkey contracted sharply to 117K units, waning by -25.3% compared with the previous year. In general, exports showed a dramatic descent. The smallest decline of -22.3% was in 2021. Over the period under review, the exports of hit record highs at 288K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses declined significantly to $217M in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 1.4%. Over the period under review, the exports of hit record highs at $283M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.2 | 71.7 | 92.5 | 101 | 338.2% |
| Morocco | 110 | 79.1 | 64.1 | 48.5 | -23.9% |
| Slovenia | 55.5 | 70.0 | 61.4 | 42.8 | -8.3% |
| Romania | 101 | 42.9 | 20.6 | 12.4 | -50.3% |
| France | 7.3 | 1.3 | 1.2 | 1.4 | -42.3% |
| Uzbekistan | N/A | N/A | 33.0 | N/A | 0% |
| Others | 6.9 | 9.3 | 5.5 | 10.8 | 16.1% |
| Total | 283 | 274 | 278 | 217 | -8.5% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Turkey in 2022:
- Spain (53.8K units)
- Morocco (21.3K units)
- Slovenia (20.1K units)
- Romania (10.3K units)
- France (1.5K units)
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