Turkey - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Oleic Acid Price in Turkey - 2023
Contents:
- Industrial Oleic Acid Price in Turkey (CIF) - 2023
- Industrial Oleic Acid Price in Turkey (FOB) - 2022
- Industrial Oleic Acid Imports in Turkey
- Industrial Oleic Acid Exports in Turkey
Industrial Oleic Acid Price in Turkey (CIF) - 2023
In July 2023, the average industrial oleic acid import price amounted to $1,421 per ton, rising by 3.4% against the previous month. Overall, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in October 2022 when the average import price increased by 4% month-to-month. The import price peaked at $2,750 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($1,458 per ton), while the price for Iran ($1,130 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 Malaysia (-5.2%), while the prices for the other major suppliers experienced a decline.
Industrial Oleic Acid Price in Turkey (FOB) - 2022
The average industrial oleic acid export price stood at $2,075 per ton in 2022, declining by -24% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 291%. Over the period under review, the average export prices attained the peak figure at $3,470 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Serbia.
From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +0.2% per year.
Industrial Oleic Acid Imports in Turkey
In 2022, purchases abroad of industrial oleic acid decreased by -97.3% to 276 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 158%. As a result, imports reached the peak of 10K tons, and then dropped markedly in the following year.
In value terms, industrial oleic acid imports declined sharply to $690K in 2022. Over the period under review, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 314% against the previous year. As a result, imports reached the peak of $18M, and then dropped sharply in the following year.
| Import of Industrial Oleic Acid in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.6 | 3.9 | 15.6 | 0.7 | -35.4% |
| Iran | N/A | N/A | 1.8 | N/A | 0% |
| Indonesia | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 3.0 | 4.3 | 17.6 | 0.7 | -38.4% |
Top Suppliers of Industrial Oleic Acid to Turkey in 2022:
- Malaysia (267.7 tons)
- Indonesia (8.1 tons)
Industrial Oleic Acid Exports in Turkey
In 2022, approx. 407 tons of industrial oleic acid were exported from Turkey; picking up by 479% compared with the previous year. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 742%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, industrial oleic acid exports soared to $845K in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 516%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Industrial Oleic Acid in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 4.5 | 0.9 | 21.6 | 845 | 472.6% |
| Spain | N/A | 199 | 0.1 | N/A | -99.9% |
| Egypt | N/A | N/A | 165 | N/A | 0% |
| Algeria | 26.1 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 3.3 | 5.3 | N/A | 51.8% |
| Total | 33.0 | 203 | 192 | 845 | 194.7% |
Top Export Markets for Industrial Oleic Acid from Turkey in 2022:
- Serbia (407.2 tons)
This report provides an in-depth analysis of the industrial oleic acid 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 20143130 - Industrial oleic acid
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
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