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Turkey - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 19, 2023
Synthetic Latex Rubber Price in Turkey Hits New Record of $1,514 per Ton
Turkey Synthetic Latex Rubber Import Price in September 2022
In September 2022, the synthetic latex rubber price stood at $1,514 per ton (CIF, Turkey), rising by 7.7% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in June 2022 when the average import price increased by 8.4% m-o-m. The import price peaked in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($2,281 per ton), while the price for Iran ($1,109 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Turkey Synthetic Latex Rubber Imports
In September 2022, the amount of synthetic latex rubber imported into Turkey declined rapidly to 4.8K tons, shrinking by -27.4% against August 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when imports increased by 59% against the previous month. Over the period under review, imports hit record highs at 8.3K tons in March 2022; however, from April 2022 to September 2022, imports remained at a lower figure.
In value terms, synthetic latex rubber imports declined remarkably to $7.3M (IndexBox estimates) in September 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2022 with an increase of 50% against the previous month. Over the period under review, imports attained the maximum at 11K tons in March 2022; however, from April 2022 to September 2022, imports failed to regain momentum.
Turkey Synthetic Latex Rubber Imports by Country
Germany (1.7K tons), the Netherlands (1.2K tons) and Iran (510 tons) were the main suppliers of synthetic latex rubber imports to Turkey, with a combined 71% share of total imports. Italy, the United States, India and Belgium lagged somewhat behind, together comprising a further 20%.
From January 2022 to September 2022, the biggest increases were in the United States (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($2.4M), the Netherlands ($1.8M) and Italy ($735K) constituted the largest synthetic latex rubber suppliers to Turkey, with a combined 67% share of total imports. Iran, the United States, India and Belgium lagged somewhat behind, together accounting for a further 22%.
the United States, with a CAGR of +18.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Synthetic Latex Rubber Market Overview
Turkey is one of the world's leading producers of synthetic latex rubber. Synthetic latex rubber is used in a wide variety of products, including gloves, balloons, tires, and adhesives.
The Turkish synthetic latex rubber market is highly competitive, with a large number of local and foreign manufacturers operating in the country. Key players include Petkim Petrokimya Holding, Sabanci Holding, and Akpolimer Akrilik Kimya Sanayii.
Factors that are influencing the growth of the synthetic latex rubber market in Turkey include an increase in construction activity and government support for the automotive sector. In addition, rising disposable incomes and a growing population are also driving demand for synthetic latex rubber.
Turkey's synthetic latex rubber industry has grown significantly in recent years, due in part to the country's favorable location and low production costs. However, several factors have contributed to the industry's growth, including an increase in demand from developed countries and a growing domestic market. In addition, the Turkish government has been supportive of the industry, providing tax incentives and investing in research and development.
This report provides an in-depth analysis of the synthetic latex rubber 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.
Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
Country coverage:
• Turkey
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Turkey
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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