Turkey - Unvulcanized Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Sees a Significant Drop in the Price of Rubber, Now at $2,928 per Ton
Turkey Unvulcanized Rubber Export Price in July 2023
In July 2023, the unvulcanized rubber price stood at $2,928 per ton (FOB, Turkey), almost unchanged from the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 7.1% against the previous month. As a result, the export price reached the peak level of $3,235 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Russia ($5,107 per ton), while the average price for exports to Belarus ($2,397 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Unvulcanized Rubber in Turkey (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Russia | 4,716 | 3,781 | 3,937 | 5,233 | 5,115 | 7,229 | 4,809 | 5,824 | 6,252 | 6,179 | 5,762 | 6,554 | 5,107 |
| Germany | 4,014 | 3,323 | 3,794 | 3,185 | 4,001 | 3,859 | 3,820 | 3,153 | 3,233 | 4,087 | 3,898 | 3,572 | 4,008 |
| Iran | 2,919 | 3,212 | 3,059 | 3,144 | 3,193 | 3,007 | 3,518 | 2,908 | 3,445 | 2,551 | 3,764 | 3,042 | 3,915 |
| China | 3,008 | 3,073 | 2,898 | 3,051 | 3,381 | 3,105 | 3,325 | 3,272 | 3,439 | 3,360 | 3,411 | 3,441 | 3,425 |
| Italy | 2,472 | 2,642 | 2,945 | 2,248 | 2,448 | 2,547 | 2,906 | 2,718 | 2,815 | 2,859 | 2,976 | 2,957 | 2,982 |
| Mexico | 2,447 | 2,366 | 2,614 | 2,497 | 2,686 | 2,379 | 2,950 | 2,535 | 2,784 | 3,184 | 3,065 | 2,619 | 2,570 |
| Belarus | 2,420 | 2,428 | 2,452 | 2,402 | 2,450 | 2,854 | 2,730 | 2,827 | 2,874 | 3,068 | 2,835 | 2,687 | 2,397 |
| Average | 2,769 | 2,719 | 2,828 | 2,872 | 2,895 | 2,993 | 3,101 | 2,916 | 3,020 | 3,235 | 3,060 | 2,947 | 2,928 |
Turkey Unvulcanized Rubber Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In July 2023, the product with the highest price was plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber ($3,928 per ton), while the average price for exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip ($2,381 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (+1.5%), while the prices for the other products experienced a decline.
Turkey Unvulcanized Rubber Exports
After two months of growth, shipments abroad of unvulcanized rubber and articles thereof decreased by -11.6% to 5.5K tons in July 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 24% month-to-month.
In value terms, unvulcanized rubber exports contracted to $16M (IndexBox estimates) in July 2023. The total export value increased at an average monthly rate of +1.2% over the period from July 2022 to July 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2023 when exports increased by 23% m-o-m. As a result, the exports attained the peak of $20M. From April 2023 to July 2023, the growth of the exports remained at a lower figure.
Turkey Unvulcanized Rubber Exports by Type
Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (3.5K tons), plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (1.9K tons) and rubber (90 tons) were the main products of unvulcanized rubber exports from Turkey, with a combined 99% share of total exports.
From July 2022 to July 2023, the biggest increases were in compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (with a CAGR of +0.9%), while shipments for the other products experienced mixed trend patterns.
In value terms, compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip ($8.4M), plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber ($7.3M) and rubber ($336K) appeared to be the most exported types of unvulcanized rubber and articles thereof from Turkey worldwide, with a combined 99% share of total exports.
In terms of the main product categories, plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber, with a CAGR of +2.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Turkey Unvulcanized Rubber Exports by Country
Mexico (589 tons), Belarus (421 tons) and Italy (323 tons) were the main destinations of unvulcanized rubber exports from Turkey, together accounting for 24% of total exports. Germany, Romania, the UK, China, Egypt, Israel, Algeria, Russia, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 35%.
From July 2022 to July 2023, the biggest increases were in the UK (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for unvulcanized rubber exported from Turkey were Mexico ($1.5M), Germany ($1.3M) and Belarus ($1M), together comprising 24% of total exports. Italy, Russia, Romania, China, the UK, the Czech Republic, Israel, Egypt, Algeria and the Netherlands lagged somewhat behind, together comprising a further 36%.
the UK, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the unvulcanized 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 22192013 - Rubber compounded with carbon black or silica, unvulcanised
- Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
- Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
- Prodcom 22192050 - Vulcanised rubber thread and cord
- Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
- Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
- Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
- Prodcom 22192087 - Extruded solid rubber rods and profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
