Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey - 2024

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey (CIF) - 2024
2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey (FOB) - 2022
3. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey
4. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey (CIF) - 2024

In September 2023, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $1,437 per ton, picking up by 2.5% against the previous month. In general, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 11% m-o-m. As a result, import price reached the peak level of $1,693 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was India ($1,546 per ton), while the price for China amounted to $1,221 per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (-0.5%).

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey (FOB) - 2022

In 2022, the average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $3,146 per ton, growing by 25% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by +63.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($4,454 per ton), while the average price for exports to Lebanon ($1,956 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 Sri Lanka (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey

Imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses into Turkey rose markedly to 4.6K tons in 2022, surging by 6.7% against the previous year. The total import volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $8.2M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Turkey in 2022:

1. India (3856.7 tons)
2. China (535.0 tons)
3. United States (100.0 tons)
4. South Korea (69.5 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Turkey

In 2022, shipments abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -5.4% to 290 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 0.4% against the previous year. As a result, the exports reached the peak of 383 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $911K in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Turkey in 2022:

1. Austria (79.3 tons)
2. Russia (47.7 tons)
3. Lebanon (39.6 tons)
4. Cameroon (19.8 tons)
5. Serbia (15.3 tons)
6. Bosnia and Herzegovina (10.9 tons)
7. Sri Lanka (9.9 tons)
8. Gabon (9.9 tons)
9. Belgium (9.5 tons)
10. Azerbaijan (9.1 tons)
11. Hungary (6.9 tons)
12. Australia (5.0 tons)
13. United States (1.0 tons)

Source: IndexBox Market Intelligence Platform