Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (CIF) - 2024
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (CIF) - 2024
In December 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $4,977 per unit, rising by 1.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 31% m-o-m. As a result, import price attained the peak level of $6,306 per unit; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($17,134 per unit), while the price for Poland ($2,535 per unit) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $3,330 per unit in 2022, waning by -5.9% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) increased by +52.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,538 per unit in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,146 per unit), while the average price for exports to Egypt ($739 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 China (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey
In 2022, approx. 688K units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were imported into Turkey; increasing by 6.8% on 2021 figures. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) totaled $2.8B in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% 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.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 987 | 946 | 1,095 | 1,051 | 2.1% |
| Germany | 423 | 456 | 511 | 573 | 10.6% |
| Italy | 195 | 179 | 240 | 291 | 14.3% |
| Poland | 187 | 243 | 151 | 178 | -1.6% |
| China | 66.8 | 84.4 | 126 | 169 | 36.3% |
| Spain | 19.7 | 1.1 | 94.7 | 117 | 81.1% |
| India | 27.7 | 33.2 | 57.3 | 77.5 | 40.9% |
| Others | 248 | 240 | 292 | 342 | 11.3% |
| Total | 2,154 | 2,183 | 2,567 | 2,798 | 9.1% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Turkey in 2022:
- United Kingdom (329.1K units)
- Italy (102.9K units)
- Poland (70.0K units)
- China (53.9K units)
- Spain (41.1K units)
- Germany (38.9K units)
- India (19.1K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey
Exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Turkey declined significantly to 16K units in 2022, falling by -27.5% compared with 2021 figures. In general, exports saw a sharp reduction. Over the period under review, the exports of attained the peak figure at 121K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) declined dramatically to $53M in 2022. Over the period under review, exports recorded a dramatic descent. The smallest decline of -16.5% was in 2020. The exports peaked at $265M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.8 | 6.2 | 38.3 | 14.2 | 34.8% |
| China | 7.6 | 6.8 | 3.8 | 4.1 | -18.6% |
| Germany | 5.9 | 1.3 | 1.8 | 3.9 | -12.9% |
| India | N/A | 0.3 | N/A | 2.8 | 205.5% |
| United Kingdom | 1.6 | 1.3 | 2.5 | 1.7 | 2.0% |
| Georgia | 0.2 | 0.3 | 0.5 | 1.5 | 95.7% |
| Italy | 2.1 | 0.8 | 3.2 | 1.4 | -12.6% |
| Argentina | N/A | 0.4 | 1.2 | 1.2 | 73.2% |
| Iran | 0.6 | 0.8 | 0.9 | 1.0 | 18.6% |
| France | 14.5 | 0.8 | 0.8 | 0.6 | -65.4% |
| Uzbekistan | N/A | 3.1 | N/A | 0.4 | -64.1% |
| Egypt | 0.2 | 0.7 | 0.2 | 0.3 | 14.5% |
| Syrian Arab Republic | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 226 | 198 | 24.3 | 19.5 | -55.8% |
| Total | 265 | 221 | 77.7 | 53.0 | -41.5% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Turkey in 2022:
- Russia (4.3K units)
- India (1.2K units)
- Italy (0.9K units)
- United Kingdom (0.8K units)
- Iran (0.5K units)
- Germany (0.5K units)
- Uzbekistan (0.4K units)
- Georgia (0.4K units)
- Egypt (0.4K units)
- France (0.4K units)
- Syrian Arab Republic (0.4K units)
- China (0.4K units)
- Argentina (0.4K units)
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