Turkey - Nitrogen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrogen Price in Turkey - 2023
Contents:
- Nitrogen Price in Turkey (FOB) - 2022
- Nitrogen Price in Turkey (CIF) - 2022
- Nitrogen Exports in Turkey
- Nitrogen Imports in Turkey
Nitrogen Price in Turkey (FOB) - 2022
In 2022, the average nitrogen export price amounted to $0.3 per cubic meter, remaining stable against the previous year. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.4 per cubic meter in 2012; however, from 2013 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 Germany ($0.5 per cubic meter), while the average price for exports to Iraq ($0.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrogen Price in Turkey (CIF) - 2022
The average nitrogen import price stood at $36 per cubic meter in 2022, with an increase of 5.8% against the previous year. Overall, the import price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2014 an increase of 64% against the previous year. The import price peaked at $53 per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($86 per cubic meter), while the price for Sweden ($24 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrogen Exports in Turkey
In 2022, nitrogen exports from Turkey surged to 4.7M cubic meters, growing by 27% compared with 2021 figures. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 217%. As a result, the exports attained the peak of 7.4M cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitrogen exports surged to $1.2M in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 216%. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Nitrogen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 150 | 63.6 | 341 | 611 | 59.7% |
| Iraq | 154 | 1,072 | 326 | 344 | 30.7% |
| Germany | N/A | N/A | N/A | 35.2 | 0% |
| Lebanon | N/A | 20.8 | 67.2 | 31.4 | 22.9% |
| Georgia | 21.0 | 17.0 | 26.2 | 25.0 | 6.0% |
| Netherlands | 236 | 515 | 29.6 | 4.2 | -73.9% |
| Belgium | N/A | 75.9 | 17.0 | N/A | -77.6% |
| Poland | N/A | 79.6 | N/A | N/A | 0% |
| Others | 49.8 | 89.1 | 110 | 127 | 36.6% |
| Total | 611 | 1,933 | 916 | 1,177 | 24.4% |
Top Export Markets for Nitrogen from Turkey in 2022:
- Greece (2221.6K cubic meters)
- Iraq (1903.5K cubic meters)
- Lebanon (93.2K cubic meters)
- Georgia (89.8K cubic meters)
- Germany (72.9K cubic meters)
- Netherlands (7.9K cubic meters)
Nitrogen Imports in Turkey
After three years of growth, supplies from abroad of nitrogen decreased by -44.2% to 11K cubic meters in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 464%. As a result, imports attained the peak of 20K cubic meters, and then fell significantly in the following year.
In value terms, nitrogen imports dropped remarkably to $402K in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 305% against the previous year. As a result, imports attained the peak of $681K, and then contracted significantly in the following year.
| Import of Nitrogen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.2 | 10.7 | 499 | 119 | 741.1% |
| United States | 73.5 | 59.2 | 64.5 | 53.1 | -10.3% |
| Germany | 3.1 | 30.8 | 41.9 | 51.3 | 154.8% |
| China | N/A | 8.3 | 17.2 | 50.7 | 147.2% |
| Sweden | N/A | N/A | N/A | 48.2 | 0% |
| United Kingdom | 17.8 | 23.5 | 19.0 | 44.8 | 36.0% |
| Italy | 1.6 | 8.0 | 10.8 | 15.3 | 112.3% |
| Serbia | 27.1 | 8.1 | 7.5 | 0.1 | -84.5% |
| Georgia | N/A | N/A | 3.1 | N/A | 0% |
| Others | 22.1 | 19.4 | 17.6 | 19.6 | -3.9% |
| Total | 145 | 168 | 681 | 402 | 40.5% |
Top Suppliers of Nitrogen to Turkey in 2022:
- Serbia (undefinedK cubic meters)
- Czech Republic (3.9K cubic meters)
- Sweden (2.0K cubic meters)
- Germany (1.5K cubic meters)
- United States (1.1K cubic meters)
- China (1.1K cubic meters)
- Italy (0.5K cubic meters)
- United Kingdom (0.5K cubic meters)
This report provides an in-depth analysis of the nitrogen 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 20111160 - Nitrogen
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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