Turkey - Ethyl Acetate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthyl Acetate Price in Turkey - 2023
Contents:
- Ethyl Acetate Price in Turkey (CIF) - 2023
- Ethyl Acetate Price in Turkey (FOB) - 2023
- Ethyl Acetate Imports in Turkey
- Ethyl Acetate Exports in Turkey
Ethyl Acetate Price in Turkey (CIF) - 2023
The average ethyl acetate import price stood at $1,052 per ton in July 2023, remaining stable against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 7.3% month-to-month. Over the period under review, average import prices hit record highs at $1,342 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Mexico ($1,303 per ton) and South Africa ($1,219 per ton), while the price for Saudi Arabia ($1,013 per ton) and the UK ($1,097 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethyl Acetate Price in Turkey (FOB) - 2023
In July 2023, the average ethyl acetate export price amounted to $1,101 per ton, reducing by -3.4% against the previous month. Overall, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in December 2022 when the average export price increased by 6.5% against the previous month. The export price peaked at $1,407 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the highest price was recorded for prices to Uzbekistan ($1,439 per ton) and Azerbaijan ($1,256 per ton), while the average price for exports to Bulgaria ($1,028 per ton) and Greece ($1,049 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.7%), while the prices for the other major destinations experienced a decline.
Ethyl Acetate Imports in Turkey
In 2022, purchases abroad of ethyl acetate increased by 48% to 59K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a mild shrinkage.
In value terms, ethyl acetate imports surged to $76M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Ethyl Acetate in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.6 | 2.3 | 17.5 | 37.3 | 47.6% |
Saudi Arabia | 13.1 | 9.6 | 11.0 | 9.4 | -10.5% |
India | 7.0 | N/A | 6.6 | 9.4 | 10.3% |
Mexico | 3.8 | 3.7 | 7.2 | 7.8 | 27.1% |
United Kingdom | 17.8 | 20.6 | 12.2 | 5.0 | -34.5% |
South Korea | N/A | 0.8 | 1.5 | 4.3 | 131.8% |
Others | 2.3 | 1.6 | 1.9 | 2.4 | 1.4% |
Total | 55.6 | 38.5 | 57.9 | 75.5 | 10.7% |
Top Suppliers of Ethyl Acetate to Turkey in 2022:
- China (29.6K tons)
- Saudi Arabia (7.5K tons)
- India (7.3K tons)
- Mexico (5.2K tons)
- United Kingdom (3.7K tons)
- South Korea (3.5K tons)
Ethyl Acetate Exports in Turkey
In 2022, shipments abroad of ethyl acetate decreased by -6.6% to 30K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of 32K tons, and then fell in the following year.
In value terms, ethyl acetate exports dropped to $47M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 261% against the previous year. As a result, the exports attained the peak of $51M, and then contracted in the following year.
Export of Ethyl Acetate in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | 1.3 | 13.6 | 14.8 | 237.4% |
Greece | 3.8 | 3.9 | 8.3 | 7.7 | 26.5% |
Bulgaria | 1.8 | 3.6 | 7.4 | 6.5 | 53.4% |
Netherlands | 0.2 | 0.2 | 6.3 | 3.8 | 166.8% |
Ukraine | N/A | 0.4 | 2.9 | 3.4 | 191.5% |
Poland | N/A | N/A | 1.1 | 1.5 | 36.4% |
Belgium | N/A | 0.5 | 1.0 | 1.1 | 48.3% |
Romania | 0.4 | 0.4 | 0.9 | 0.7 | 20.5% |
Egypt | N/A | 0.8 | 1.2 | 0.2 | -50.0% |
Others | 1.2 | 2.9 | 7.9 | 7.2 | 81.7% |
Total | 7.4 | 14.0 | 50.5 | 46.6 | 84.7% |
Top Export Markets for Ethyl Acetate from Turkey in 2022:
- Italy (9.4K tons)
- Greece (4.9K tons)
- Bulgaria (4.2K tons)
- Ukraine (2.4K tons)
- Netherlands (2.3K tons)
- Poland (0.9K tons)
- Belgium (0.7K tons)
- Romania (0.5K tons)
- Egypt (0.1K tons)
This report provides an in-depth analysis of the ethyl acetate 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 20143215 - Ethyl acetate
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
-
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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The rate of growth for Ethyl Acetate reached its highest point in September 2023, with a significant increase of 159% compared to the previous month. In terms of value, imports of Ethyl Acetate soared to $6M in November 2023.
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