Motorcycle Tire Price in Turkey - 2023
Contents:
- Motorcycle Tire Price in Turkey (CIF) - 2022
- Motorcycle Tire Price in Turkey (FOB) - 2023
- Motorcycle Tire Imports in Turkey
- Motorcycle Tire Exports in Turkey
Motorcycle Tire Price in Turkey (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $11 per unit, growing by 8.8% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $13 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($53 per unit), while the price for China ($7.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Turkey (FOB) - 2023
In September 2023, the average motorcycle tire export price amounted to $10.6 per unit, with a decrease of -49.3% against the previous month. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in January 2023 an increase of 72% month-to-month. The export price peaked at $25.1 per unit in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($35.4 per unit), while the average price for exports to Syrian Arab Republic ($8.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Turkey
In 2022, overseas purchases of new pneumatic tyres for motorcycles decreased by -6% to 1.2M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of 1.3M units, and then shrank in the following year.
In value terms, motorcycle tire imports amounted to $14M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Motorcycle Tire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.8 | 3.7 | 3.5 | 39.1% |
| Pakistan | 0.6 | 0.9 | 1.8 | 2.8 | 67.1% |
| Thailand | 1.1 | 0.8 | 2.0 | 1.6 | 13.3% |
| Serbia | 0.8 | 1.1 | 1.4 | 1.2 | 14.5% |
| Indonesia | 0.4 | 0.6 | 0.9 | 1.0 | 35.7% |
| South Korea | 0.2 | 0.6 | 0.9 | 0.6 | 44.2% |
| India | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| Iran | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 1.9 | 2.1 | 2.3 | 2.3 | 6.6% |
| Total | 6.6 | 8.0 | 13.3 | 13.6 | 27.3% |
Top Suppliers of Motorcycle Tire to Turkey in 2022:
- China (451.5K units)
- Pakistan (351.7K units)
- Thailand (166.0K units)
- Indonesia (69.4K units)
- India (47.8K units)
- South Korea (44.8K units)
- Serbia (38.0K units)
- Iran (25.2K units)
Motorcycle Tire Exports in Turkey
In 2022, the amount of new pneumatic tyres for motorcycles exported from Turkey skyrocketed to 559K units, picking up by 16% against 2021. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, motorcycle tire exports skyrocketed to $8.1M in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 91%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Motorcycle Tire in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 2,116 | 0% |
| Denmark | 42.3 | 35.5 | 791 | 1,134 | 199.3% |
| Italy | 460 | 334 | 1,080 | 706 | 15.3% |
| United Kingdom | 198 | 312 | 608 | 652 | 48.8% |
| Tunisia | 926 | 592 | 595 | 547 | -16.1% |
| Spain | 178 | 147 | 439 | 451 | 36.3% |
| Germany | 140 | 107 | 327 | 434 | 45.8% |
| Poland | 14.6 | 17.3 | 3.8 | 266 | 163.1% |
| Morocco | 146 | 347 | 525 | 245 | 18.8% |
| Algeria | 99.4 | 47.8 | 47.6 | 220 | 30.3% |
| Netherlands | 291 | 308 | 234 | 199 | -11.9% |
| Egypt | 150 | 128 | 233 | 42.0 | -34.6% |
| Others | 848 | 750 | 1,089 | 1,071 | 8.1% |
| Total | 3,493 | 3,126 | 5,971 | 8,083 | 32.3% |
Top Export Markets for Motorcycle Tire from Turkey in 2022:
- Syrian Arab Republic (254.1K units)
- Tunisia (62.4K units)
- Poland (30.9K units)
- Germany (30.4K units)
- Denmark (24.7K units)
- United Kingdom (23.0K units)
- Italy (22.3K units)
- Algeria (18.4K units)
- Morocco (16.8K units)
- Spain (16.6K units)
- Netherlands (14.5K units)
- Egypt (2.8K units)
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