Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (CIF) - 2023
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey
- Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (CIF) - 2023
The average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $839 per ton in December 2023, therefore, remained relatively stable against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 6.2% month-to-month. Over the period under review, average import prices reached the peak figure at $899 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Malaysia ($928 per ton) and South Korea ($882 per ton), while the price for Portugal ($647 per ton) and Belgium ($732 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $1,224 per ton in 2022, picking up by 21% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $1,231 per ton in 2013; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,264 per ton), while the average price for exports to Egypt ($1,084 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 Belgium (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey
Imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses into Turkey totaled 1.8M tons in 2022, growing by 14% on 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses surged to $1.8B in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 90%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 307 | 289 | 548 | 706 | 32.0% |
| China | 0.1 | 9.2 | 198 | 641 | 1757.6% |
| Portugal | 184 | 122 | 202 | 240 | 9.3% |
| Belgium | 114 | 134 | 180 | 114 | 0.0% |
| Malaysia | 46.2 | 30.8 | 33.2 | 17.1 | -28.2% |
| Others | 64.6 | 55.8 | 53.5 | 41.3 | -13.9% |
| Total | 716 | 641 | 1,215 | 1,759 | 34.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Turkey in 2022:
- South Korea (725.4K tons)
- China (679.5K tons)
- Portugal (235.2K tons)
- Belgium (116.4K tons)
- Malaysia (15.5K tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey
In 2022, approx. 8.5K tons of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses were exported from Turkey; which is down by -50.7% compared with 2021 figures. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 229% against the previous year. As a result, the exports reached the peak of 17K tons, and then declined markedly in the following year.
In value terms, exports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses reduced markedly to $10M in 2022. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 408%. As a result, the exports reached the peak of $17M, and then shrank rapidly in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 1.2 | 4.8 | 4.9 | 102.1% |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| Egypt | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Russia | 5.1 | N/A | 5.3 | N/A | 1.9% |
| Italy | 0.4 | 0.5 | 0.4 | N/A | 0.0% |
| Poland | N/A | N/A | 0.7 | N/A | 0% |
| Iran | 3.7 | N/A | N/A | N/A | 0% |
| Belarus | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 1.7 | 6.3 | 5.1 | 85.4% |
| Total | 10.8 | 3.4 | 17.5 | 10.4 | -1.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts from Turkey in 2022:
- Greece (4.0K tons)
- Germany (0.2K tons)
- Egypt (0.1K tons)
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