Looking Back to 2022 with TIRPORT

Looking Back to 2022 with TIRPORT

In 2022, the global production volume exceeded 30 trillion dollars and the logistics market size exceeded 5.2 trillion dollars.

After the pandemic, the Turkish Logistics Sector continues to grow both in transportation and storage. The market size is over 100 billion dollars. As of September 2022, daily average. The FTL volume, which reached 480 thousand trucks, fell to 400 thousand due to the low production in the last quarter, the fact that many global brands reached their 2022 sales targets as of October, the preference of some manufacturers for stock-purpose production due to inflationary expectations, etc. It is expected to increase again by January 2023, exceeding 475 thousand trucks per day in 23Q1.

According to data from the Heavy Commercial Vehicles Association (TAİD), the heavy commercial vehicle market grew by more than 20% in January-December 2022 compared to the same period of the previous year, with truck-tractor sales exceeding 35 thousand again. Growth is expected to continue in 2023 and reach a new record, approaching 40,000. Many truck brands have closed their 2023 sales options. The trailer market also grew by over 20% in 2022.

There are over 8 thousand logistics companies in Turkey, large and small. The market is highly decentralized. The biggest actor does not have a 1% share. The 12 largest logistics companies in Turkey have a total market share of only 6%.

Logistics companies, which have to perform contract logistics due to their structure, can only be candidates for 1/3 of the daily FTL transportation volume. Nearly 70% of the transports take place directly on the spot market, between individual truck owners and freight owners. This trade is mediated by Anatolian freight brokers (brokers), agencies in more than 300 transportation websites, and motor carrier cooperatives numbering more than 550.

Trucks are searching for cargo on thousands of Facebook and Whatsapp groups to find return cargo. In Turkey, nearly 300 thousand trucks a day are transported entirely in the spot market. Since there is no contract guarantee, logistics companies cannot get a share of this pie. The vast majority of these transports take place in closed loops within specific regions: Gebze-Derince, Aliağa-İzmir, Sakarya-Derince, İnegöl-Bursa, Gemlik-Bursa, Hadımköy-Ambarlı, Merzifon-Samsun, Tarsus-Mersin, Adana-Mersin, Manisa-İzmir. Half of the cargo leaving the spot comes out of 350 Organized Industrial Zones, ports and warehouses.

According to TIRPORT Insights data; in the last quarter of 2019 before the pandemic, a truck traveled an average of 346 km loaded. on its way. The average realized freight rate was around 2,300 TL. By 2023, the distance a truck travels with a load has increased by 23% to 424 km. In the same period, the price of diesel fuel increased more than 3.5 times, resulting in trucks choosing not to drive empty. Because even if a truck/trailer is empty, it burns between 25-32 liters of fuel per 100 km, costing a minimum of 550 TL.

There are approximately 550 thousand 16 tons and above trucks/trailers carrying commercial cargo on the roads in Turkey. Of these, in stark contrast to the rest of the world, almost 85% are privately owned trucks.

With more than 100 thousand member truckers, TIRPORT supports the management of more than 4,500 FTL transports per day with its technologies and business models, and also monitors the freight prices realized on the main lines in Turkey live.

Again, in Turkey, only one-way costs are taken as a basis when determining the freight price. Therefore, the ability of a truck to find a return load directly affects the cost of the truck owner.

The average age of trucks in Turkey is over 10 years. In the truck market where nearly 40 thousand new trucks are sold, 250 thousand trucks are sold in the second hand market, well above the world averages. There is an incredible truck market. Nine out of ten of every truck you see on the road is somehow paying off a loan. The monthly loan amount he pays varies between 10-20 thousand TL.

Even on the Kocaeli-Bursa line, one of the busiest lines, the daily freight price can vary up to 800 TL depending on the load.

Details and much more Outlook to 2022 with TIRPORT Report