Turkey - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in Turkey - 2023
Contents:
- Methacrylic Acid Price in Turkey (CIF) - 2023
- Methacrylic Acid Price in Turkey (FOB) - 2022
- Methacrylic Acid Imports in Turkey
- Methacrylic Acid Exports in Turkey
Methacrylic Acid Price in Turkey (CIF) - 2023
In July 2023, the average methacrylic acid import price amounted to $2,680 per ton, increasing by 1.5% against the previous month. In general, the import price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 22% against the previous month. Over the period under review, average import prices attained the maximum at $3,591 per ton in July 2022; however, from August 2022 to July 2023, 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 ($3,416 per ton), while the price for South Korea ($2,257 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 the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Methacrylic Acid Price in Turkey (FOB) - 2022
The average methacrylic acid export price stood at $3,771 per ton in 2022, rising by 63% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $4,204 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($7,390 per ton), while the average price for exports to Greece ($3,485 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+12.9%), while the prices for the other major destinations experienced a decline.
Methacrylic Acid Imports in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of methacrylic acid and its salts, when their volume decreased by -27.8% to 1.5K tons. Over the period under review, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% 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 +7.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 2.1K tons, and then reduced rapidly in the following year.
In value terms, methacrylic acid imports declined rapidly to $4.8M in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 107%. As a result, imports reached the peak of $6.2M, and then contracted rapidly in the following year.
| Import of Methacrylic Acid in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,613 | 1,443 | 3,079 | 2,468 | 15.2% |
| United States | 947 | 854 | 989 | 954 | 0.2% |
| China | 110 | 75.1 | 1,156 | 847 | 97.5% |
| Germany | 11.9 | 117 | 608 | 242 | 173.0% |
| United Kingdom | 815 | 352 | 255 | 177 | -39.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | 96.4 | 0% |
| Others | 84.0 | 137 | 65.5 | 47.8 | -17.1% |
| Total | 3,582 | 2,977 | 6,153 | 4,832 | 10.5% |
Top Suppliers of Methacrylic Acid to Turkey in 2022:
- South Korea (812.9 tons)
- China (290.3 tons)
- United States (241.1 tons)
- Germany (61.0 tons)
- United Kingdom (49.2 tons)
- Taiwan (Chinese) (31.2 tons)
Methacrylic Acid Exports in Turkey
In 2022, approx. 43 tons of methacrylic acid and its salts were exported from Turkey; with a decrease of -28% compared with the year before. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 316% against the previous year. As a result, the exports attained the peak of 60 tons, and then dropped remarkably in the following year.
In value terms, methacrylic acid exports surged to $162K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 352% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Methacrylic Acid in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 12.6 | 23.2 | 91.0 | 117 | 110.2% |
| Uzbekistan | 6.6 | 2.4 | 1.6 | 20.8 | 46.6% |
| Greece | N/A | N/A | N/A | 16.7 | 0% |
| Morocco | N/A | N/A | N/A | 7.2 | 0% |
| Iran | 38.0 | 4.7 | N/A | N/A | -87.6% |
| Netherlands | N/A | N/A | 45.4 | N/A | 0% |
| Others | N/A | 0.2 | N/A | 0.7 | 87.1% |
| Total | 57.1 | 30.5 | 138 | 162 | 41.6% |
Top Export Markets for Methacrylic Acid from Turkey in 2022:
- Israel (31.4 tons)
- Uzbekistan (5.6 tons)
- Greece (4.8 tons)
- Morocco (1.0 tons)
This report provides an in-depth analysis of the methacrylic 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 20143330 - Methacrylic acid and its salts
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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