
Turkey - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights
Turkey's Insulating Board Price Peaks at $389 per Cubic Meter
Turkey Insulating Board Export Price in September 2022
In September 2022, the insulating board price stood at $389 per cubic meter (FOB, Turkey), with an increase of 7.4% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +3.4%. The pace of growth was the most pronounced in February 2022 an increase of 8.4% m-o-m. The export price peaked in September 2022.
Average prices varied somewhat for the major overseas markets. In September 2022, the highest price was recorded for prices to Russia ($482 per cubic meter) and Georgia ($436 per cubic meter), while the average price for exports to Tunisia ($352 per cubic meter) and Afghanistan ($371 per cubic meter) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Insulating Board Exports
In September 2022, approximately 14K cubic meters of insulating board were exported from Turkey; shrinking by -28.4% compared with the month before. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in June 2022 with an increase of 61% against the previous month. As a result, the exports attained the peak of 29K cubic meters; afterwards, it flattened through to September 2022.
In value terms, insulating board exports contracted notably to $5.6M (IndexBox estimates) in September 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2022 with an increase of 60% against the previous month. As a result, the exports attained the peak of $10M. From July 2022 to September 2022, the growth of the exports failed to regain momentum.
Turkey Insulating Board Exports by Country
Tunisia (4.7K cubic meters) was the main destination for insulating board exports from Turkey, accounting for a 33% share of total exports. Moreover, insulating board exports to Tunisia exceeded the volume sent to the second major destination, Egypt (1.3K cubic meters), fourfold. Iraq (1.1K cubic meters) ranked third in terms of total exports with a 7.9% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Tunisia amounted to -3.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (+16.3% per month) and Iraq (-0.8% per month).
In value terms, Tunisia ($1.7M) remains the key foreign market for insulating board exports from Turkey, comprising 30% of total exports. The second position in the ranking was taken by Egypt ($537K), with a 9.6% share of total exports. It was followed by Iraq, with a 7.8% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Tunisia was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (+19.0% per month) and Iraq (+0.9% per month).
This report provides an in-depth analysis of the insulating board 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET