Turkey - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetone Price in Turkey - 2023
Contents:
- Acetone Price in Turkey (CIF) - 2023
- Acetone Price in Turkey (FOB) - 2022
- Acetone Imports in Turkey
- Acetone Exports in Turkey
Acetone Price in Turkey (CIF) - 2023
In July 2023, the average acetone import price amounted to $778 per ton, dropping by -14.8% against the previous month. Overall, the import price, however, saw a slight expansion. The most prominent rate of growth was recorded in December 2022 an increase of 211% m-o-m. As a result, import price reached the peak level of $2,303 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($1,344 per ton), while the price for Saudi Arabia ($768 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Acetone Price in Turkey (FOB) - 2022
In 2021, the average acetone export price amounted to $1,136 per ton, growing by 39% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 an increase of 53% against the previous year. The export price peaked at $2,170 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Romania ($1,239 per ton) and Greece ($1,221 per ton), while the average price for exports to Italy ($904 per ton) and Egypt ($1,031 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+0.2%), while the prices for the other major destinations experienced a decline.
Acetone Imports in Turkey
In 2022, imports of acetone into Turkey reduced to 36K tons, with a decrease of -13.3% compared with the previous year. Over the period under review, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of 42K tons, and then shrank in the following year.
In value terms, acetone imports fell remarkably to $32M in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 100%. As a result, imports attained the peak of $43M, and then reduced remarkably in the following year.
| Import of Acetone in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Saudi Arabia | 2.8 | 5.9 | 11.1 | 99.1% | |
| Belgium | 6.4 | 5.3 | 10.1 | 25.6% | |
| Russia | 4.4 | 5.1 | 8.1 | 35.7% | |
| South Korea | N/A | 2.8 | 5.2 | 85.7% | |
| Spain | 1.9 | 0.9 | 4.0 | 45.1% | |
| India | N/A | N/A | 2.0 | 0% | |
| Singapore | N/A | N/A | 0.9 | 0% | |
| Others | 0.9 | 1.5 | 1.6 | 33.3% | |
| Total | 16.4 | 21.5 | 42.9 | 61.7% | |
Top Suppliers of Acetone to Turkey in 2022:
- Saudi Arabia (10.6K tons)
- Belgium (10.5K tons)
- Russia (7.9K tons)
- Spain (4.9K tons)
- South Korea (3.9K tons)
- India (1.6K tons)
- Singapore (1.0K tons)
Acetone Exports in Turkey
In 2022, exports of acetone from Turkey reduced to 4K tons, shrinking by -13.8% on the previous year's figure. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year.
In value terms, acetone exports plummeted to $4M in 2022. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. As a result, the exports reached the peak of $5.3M, and then declined sharply in the following year.
| Export of Acetone in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Bulgaria | 1,116 | 1,328 | 2,464 | 48.6% | |
| Greece | 683 | 866 | 1,178 | 31.3% | |
| Romania | N/A | 23.3 | 448 | 1822.7% | |
| Egypt | 26.6 | N/A | 434 | 303.9% | |
| Italy | 84.8 | 160 | 291 | 85.2% | |
| Azerbaijan | 148 | 93.6 | 203 | 17.1% | |
| Israel | 125 | 237 | 32.4 | -49.1% | |
| Brazil | 54.9 | 9.5 | N/A | -82.7% | |
| Others | 740 | 22.8 | 233 | -43.9% | |
| Total | 2,978 | 2,742 | 5,284 | 33.2% | |
Top Export Markets for Acetone from Turkey in 2022:
- Bulgaria (2175.8 tons)
- Greece (964.1 tons)
- Egypt (421.3 tons)
- Romania (361.5 tons)
- Italy (322.1 tons)
- Azerbaijan (167.8 tons)
- Israel (38.0 tons)
This report provides an in-depth analysis of the acetone 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 20146211 - Acetone
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.
-
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
-
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
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