Nitrile-Function Compounds Price in Turkey - 2023
Contents:
- Nitrile-Function Compounds Price in Turkey (CIF) - 2023
- Nitrile-Function Compounds Price in Turkey (FOB) - 2022
- Nitrile-Function Compounds Imports in Turkey
- Nitrile-Function Compounds Exports in Turkey
Nitrile-Function Compounds Price in Turkey (CIF) - 2023
In September 2023, the average nitrile-function compounds import price amounted to $58,391 per ton, increasing by 693% against the previous month. In general, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($253K per ton), while the price for Poland ($9,626 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Nitrile-Function Compounds Price in Turkey (FOB) - 2022
The average nitrile-function compounds export price stood at $2,316 per ton in 2022, waning by -16.2% against the previous year. In general, the export price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 334%. As a result, the export price reached the peak level of $8,681 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($9,535 per ton), while the average price for exports to Italy ($499 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 Greece (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrile-Function Compounds Imports in Turkey
In 2022, the amount of nitrile-function compoundses imported into Turkey fell remarkably to 3.8K tons, waning by -31.5% compared with the previous year's figure. In general, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of 5.6K tons, and then contracted sharply in the following year.
In value terms, nitrile-function compounds imports reduced to $49M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of $52M, and then fell in the following year.
| Import of Nitrile-Function Compounds in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 17.4 | 25.1 | 26.8 | 11.2% |
| India | 13.3 | 14.8 | 20.3 | 15.8 | 5.9% |
| Germany | 1.0 | 0.6 | 1.4 | 1.0 | 0.0% |
| Mozambique | N/A | N/A | N/A | N/A | 0% |
| Others | 4.6 | 5.8 | 4.9 | 5.3 | 4.8% |
| Total | 38.3 | 38.6 | 51.8 | 49.0 | 8.6% |
Top Suppliers of Nitrile-Function Compounds to Turkey in 2022:
- China (2917.5 tons)
- India (580.1 tons)
- Germany (97.6 tons)
- Mozambique (74.0 tons)
Nitrile-Function Compounds Exports in Turkey
In 2022, approx. 755 tons of nitrile-function compoundses were exported from Turkey; increasing by 139% compared with 2021 figures. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 216% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, nitrile-function compounds exports skyrocketed to $1.7M in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 215% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Nitrile-Function Compounds in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 132 | 888 | 572.7% |
| Italy | 55.3 | 94.1 | 61.1 | 256 | 66.7% |
| Turkmenistan | N/A | N/A | N/A | 149 | 0% |
| Syrian Arab Republic | 7.5 | 0.5 | 106 | 93.3 | 131.7% |
| Iran | 207 | 418 | 292 | 85.1 | -25.6% |
| Greece | 4.6 | N/A | N/A | 40.4 | 106.3% |
| Spain | N/A | 180 | 21.7 | 1.6 | -90.6% |
| Egypt | 9.3 | 25.2 | 44.5 | 0.1 | -77.9% |
| Others | 125 | 571 | 217 | 235 | 23.4% |
| Total | 408 | 1,288 | 873 | 1,748 | 62.4% |
Top Export Markets for Nitrile-Function Compounds from Turkey in 2022:
- Italy (513.4 tons)
- Russia (93.1 tons)
- Turkmenistan (72.0 tons)
- Greece (22.8 tons)
- Iran (17.3 tons)
- Syrian Arab Republic (16.2 tons)
- Spain (0.2 tons)
- Egypt (0.1 tons)
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