Turkey - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolymethyl Methacrylate Price in Turkey - 2023
Contents:
- Polymethyl Methacrylate Price in Turkey (CIF) - 2023
- Polymethyl Methacrylate Price in Turkey (FOB) - 2023
- Polymethyl Methacrylate Imports in Turkey
- Polymethyl Methacrylate Exports in Turkey
Polymethyl Methacrylate Price in Turkey (CIF) - 2023
The average polymethyl methacrylate import price stood at $1,969 per ton in July 2023, declining by -5.5% against the previous month. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 40% m-o-m. As a result, import price reached the peak level of $3,138 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,083 per ton), while the price for Saudi Arabia ($1,103 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 (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Polymethyl Methacrylate Price in Turkey (FOB) - 2023
The average polymethyl methacrylate export price stood at $4,551 per ton in July 2023, growing by 31% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 299% against the previous month. Over the period under review, the average export prices reached the peak figure at $15,779 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Russia ($15,987 per ton), while the average price for exports to Germany ($668 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Polymethyl Methacrylate Imports in Turkey
In 2022, overseas purchases of polymethyl methacrylate in primary forms decreased by -5.8% to 16K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 122%. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, polymethyl methacrylate imports reduced slightly to $40M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 49%.
Import of Polymethyl Methacrylate in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 3.8 | 6.1 | 13.2 | 13.3 | 51.8% |
Germany | 5.6 | 6.8 | 9.0 | 9.1 | 17.6% |
South Korea | 5.4 | 9.0 | 9.0 | 7.4 | 11.1% |
Italy | 7.7 | 7.0 | 6.6 | 5.4 | -11.2% |
Singapore | 0.3 | 7.9 | 1.4 | 1.2 | 58.7% |
Others | 3.8 | 2.8 | 2.9 | 4.1 | 2.6% |
Total | 26.6 | 39.6 | 42.2 | 40.4 | 14.9% |
Top Suppliers of Polymethyl Methacrylate to Turkey in 2022:
- Saudi Arabia (8.5K tons)
- South Korea (2.8K tons)
- Germany (2.1K tons)
- Italy (1.0K tons)
- Singapore (0.5K tons)
Polymethyl Methacrylate Exports in Turkey
In 2022, the amount of polymethyl methacrylate in primary forms exported from Turkey contracted remarkably to 357 tons, which is down by -20.8% against the previous year's figure. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 41%.
In value terms, polymethyl methacrylate exports contracted to $1.4M in 2022. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $1.6M, and then dropped in the following year.
Export of Polymethyl Methacrylate in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 598 | 397 | 575 | 215 | -28.9% |
Russia | 13.3 | 10.5 | 8.4 | 207 | 149.7% |
Italy | 3.1 | 0.3 | 11.5 | 165 | 276.2% |
China | 217 | 275 | 387 | 159 | -9.8% |
Belgium | N/A | N/A | 4.0 | 133 | 3225.0% |
Germany | 41.8 | 83.1 | 93.5 | 131 | 46.3% |
Egypt | N/A | N/A | 16.6 | 75.0 | 351.8% |
Czech Republic | N/A | 32.3 | N/A | 48.4 | 22.4% |
Serbia | 3.2 | 23.6 | 130 | 39.0 | 130.1% |
Spain | 302 | 1.2 | 3.3 | 32.4 | -52.5% |
Kazakhstan | N/A | 0.5 | 73.3 | 20.4 | 538.7% |
Bulgaria | 131 | 201 | 58.7 | 19.0 | -47.5% |
Cameroon | N/A | N/A | N/A | 14.3 | 0% |
Others | 270 | 326 | 218 | 176 | -13.3% |
Total | 1,579 | 1,351 | 1,580 | 1,435 | -3.1% |
Top Export Markets for Polymethyl Methacrylate from Turkey in 2022:
- Germany (76.0 tons)
- Iran (69.1 tons)
- Italy (50.5 tons)
- Russia (32.4 tons)
- China (27.9 tons)
- Cameroon (23.8 tons)
- Belgium (10.8 tons)
- Czech Republic (10.1 tons)
- Spain (9.0 tons)
- Serbia (8.3 tons)
- Egypt (7.6 tons)
- Kazakhstan (7.5 tons)
- Bulgaria (5.0 tons)
This report provides an in-depth analysis of the polymethyl methacrylate 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 20165350 - Polymethyl methacrylate, in primary forms
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
This report provides an in-depth analysis of the polymethyl methacrylate market in Turkey.
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