Report Update: Apr 1, 2024

Turkey - Industrial Fatty Alcohols - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Fatty Alcohols Price in Turkey - 2023

Industrial Fatty Alcohols Price in Turkey (CIF) - 2023

In July 2023, the average industrial fatty alcohols import price amounted to $2,230 per ton, reducing by -2% against the previous month. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 55% m-o-m. Over the period under review, average import prices attained the peak figure at $4,194 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,976 per ton), while the price for Malaysia ($1,721 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 Thailand (0.0%), while the prices for the other major suppliers experienced a decline.

Industrial Fatty Alcohols Price in Turkey (FOB) - 2023

In July 2023, the average industrial fatty alcohols export price amounted to $2,034 per ton, picking up by 8.7% against the previous month. Overall, the export price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 67% against the previous month. The export price peaked at $4,900 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Iraq ($2,361 per ton), while the average price for exports to Russia totaled $2,011 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.9%).

Industrial Fatty Alcohols Imports in Turkey

In 2022, approx. 15K tons of industrial fatty alcohols were imported into Turkey; rising by 192% on the previous year's figure. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols imports soared to $44M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Industrial Fatty Alcohols in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	0.2	0.2	0.2	20.8	370.3%
Malaysia	1.5	0.9	1.5	8.5	78.3%
India	1.3	1.3	2.5	5.9	65.6%
Germany	2.1	2.0	3.0	4.9	32.6%
Indonesia	0.7	0.8	2.0	2.8	58.7%
Saudi Arabia	1.3	1.4	0.5	N/A	-38.0%
Others	0.7	0.6	1.1	1.4	26.0%
Total	7.8	7.3	10.9	44.3	78.4%

Top Suppliers of Industrial Fatty Alcohols to Turkey in 2022:

Netherlands (8.5K tons)
Malaysia (2.4K tons)
India (1.7K tons)
Germany (1.4K tons)
Indonesia (0.9K tons)

Industrial Fatty Alcohols Exports in Turkey

In 2022, the amount of industrial fatty alcohols exported from Turkey soared to 6.6K tons, jumping by 2,382% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols exports skyrocketed to $19M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Industrial Fatty Alcohols in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	N/A	N/A	16.7	0%
Iraq	N/A	0.1	0.3	0.9	200.0%
Iran	0.3	0.2	0.2	0.5	18.6%
Others	0.2	0.2	0.3	1.1	76.5%
Total	0.6	0.5	0.8	19.2	217.5%

Top Export Markets for Industrial Fatty Alcohols from Turkey in 2022:

Russia (6.0K tons)
Iraq (0.2K tons)
Iran (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial fatty alcohols 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 20142100 - Industrial fatty alcohols

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