Turkey - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Methacrylic Acid Esters Price in Turkey (CIF) - 2022
- Methacrylic Acid Esters Price in Turkey (FOB) - 2023
- Methacrylic Acid Esters Imports in Turkey
- Methacrylic Acid Esters Exports in Turkey
Methacrylic Acid Esters Price in Turkey (CIF) - 2022
In 2022, the average methacrylic acid esters import price amounted to $2,082 per ton, falling by -28.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure at $2,908 per ton in 2021, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,036 per ton), while the price for Saudi Arabia ($1,803 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Methacrylic Acid Esters Price in Turkey (FOB) - 2023
The average methacrylic acid esters export price stood at $2,231 per ton in July 2023, growing by 4.2% against the previous month. Overall, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 356% m-o-m. As a result, the export price reached the peak level of $17,262 per ton. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Russia ($2,064 per ton), while the average price for exports to Greece totaled $1,803 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+0.0%), while the prices for the other major destinations experienced a decline.
Methacrylic Acid Esters Imports in Turkey
In 2022, imports of esters of methacrylic acid into Turkey soared to 39K tons, rising by 17% compared with 2021 figures. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, methacrylic acid esters imports dropped significantly to $82M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +34.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $97M, and then shrank markedly in the following year.
| Import of Methacrylic Acid Esters in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 35.8 | 29.5 | 34.3 | 28.4 | -7.4% |
| United States | 7.9 | 11.6 | 5.2 | 20.1 | 36.5% |
| China | 0.9 | 1.2 | 29.2 | 16.6 | 164.2% |
| Thailand | 0.6 | 0.4 | 3.9 | 5.2 | 105.4% |
| Taiwan (Chinese) | N/A | N/A | 12.6 | 4.0 | -68.3% |
| Germany | 1.2 | 2.0 | 2.9 | 3.1 | 37.2% |
| Japan | 2.1 | 2.1 | 2.1 | 2.2 | 1.6% |
| United Kingdom | 7.1 | 4.4 | 3.4 | 1.0 | -48.0% |
| South Korea | 2.5 | 2.4 | 1.4 | 0.4 | -45.7% |
| Italy | 1.7 | 2.1 | 0.2 | N/A | -65.7% |
| Others | 2.7 | 5.0 | 1.8 | 0.6 | -39.4% |
| Total | 62.5 | 60.8 | 97.1 | 81.6 | 9.3% |
Top Suppliers of Methacrylic Acid Esters to Turkey in 2022:
- Italy (undefinedK tons)
- Saudi Arabia (15.8K tons)
- United States (9.1K tons)
- China (8.0K tons)
- Thailand (2.6K tons)
- Taiwan (Chinese) (2.0K tons)
- Germany (0.7K tons)
- Japan (0.6K tons)
- United Kingdom (0.2K tons)
- South Korea (0.1K tons)
Methacrylic Acid Esters Exports in Turkey
In 2022, approx. 1.8K tons of esters of methacrylic acid were exported from Turkey; standing approx. at the year before. Overall, exports, however, saw a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 102%.
In value terms, methacrylic acid esters exports totaled $7.2M in 2022. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 121%.
| Export of Methacrylic Acid Esters in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 7.7 | 2.0 | 2.1 | 1.8 | -38.4% |
| Russia | N/A | N/A | N/A | 1.5 | 0% |
| Greece | 0.6 | 0.5 | 1.8 | 1.2 | 26.0% |
| Netherlands | N/A | N/A | 1.2 | 1.1 | -8.3% |
| Israel | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Bulgaria | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| Others | 0.1 | 0.3 | 0.6 | 0.4 | 58.7% |
| Total | 8.5 | 2.9 | 6.3 | 7.2 | -5.4% |
Top Export Markets for Methacrylic Acid Esters from Turkey in 2022:
- Greece (540.3 tons)
- Netherlands (489.0 tons)
- Egypt (315.1 tons)
- Israel (143.3 tons)
- Russia (137.9 tons)
- Bulgaria (120.0 tons)
This report provides an in-depth analysis of the methacrylic acid esters 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 20143340 - Esters of methacrylic 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
-
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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