Report Update: Apr 1, 2024

Turkey - Bismuth - Market Analysis, Forecast, Size, Trends And Insights

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Bismuth Price in Turkey - 2023

Bismuth Price in Turkey (CIF) - 2023

The average bismuth import price stood at $49,242 per ton in July 2023, falling by -22.2% against the previous month. Overall, the import price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in May 2023 an increase of 286% against the previous month. As a result, import price reached the peak level of $68,035 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($148K per ton), while the price for China stood at $12,071 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+27.3%), while the prices for the other major suppliers experienced a decline.

Bismuth Price in Turkey (FOB) - 2022

The average bismuth export price stood at $8,818 per ton in 2022, jumping by 147% against the previous year. Over the period under review, the export price recorded a resilient expansion. The export price peaked at $8,858 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($15,036 per ton), while the average price for exports to Germany amounted to $1,337 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7.8%).

Bismuth Imports in Turkey

In 2022, the amount of bismuth imported into Turkey skyrocketed to 80 tons, picking up by 77% compared with the year before. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 147%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, bismuth imports surged to $1.6M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 361%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Bismuth in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.3	342	699	876	776.7%
China	49.6	189	431	602	129.8%
Belgium	34.3	29.9	N/A	75.2	29.9%
Israel	21.5	N/A	N/A	12.0	-17.7%
Others	26.9	54.9	14.3	25.7	-1.5%
Total	134	615	1,145	1,591	128.1%

Top Suppliers of Bismuth to Turkey in 2022:

China (60.5 tons)
Germany (12.9 tons)
Belgium (5.0 tons)
Israel (1.0 tons)

Bismuth Exports in Turkey

For the third consecutive year, Turkey recorded growth in shipments abroad of bismuth, which increased by 75% to 9.6 tons in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 225%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, bismuth exports surged to $85K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Bismuth in Turkey (Thousand USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Russia	N/A	N/A	75.2	0%
Germany	2.5	7.4	6.1	56.2%
Iran	5.7	12.0	N/A	110.5%
Others	N/A	0.1	3.3	3200.0%
Total	8.2	19.5	84.5	221.0%

Top Export Markets for Bismuth from Turkey in 2022:

Russia (5.0 tons)
Germany (4.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bismuth 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:

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023