Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey - 2024

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey (CIF) - 2024
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey (CIF) - 2024

The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,126 per ton in September 2023, shrinking by -3.5% against the previous month. Over the period under review, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 4.6% month-to-month. Over the period under review, average import prices hit record highs at $2,431 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($2,193 per ton), while the price for China ($1,766 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (-1.4%), while the prices for the other major suppliers experienced a decline.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey (FOB) - 2022

The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,707 per ton in 2022, surging by 2.6% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +93.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 72%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($5,520 per ton), while the average price for exports to Kyrgyzstan ($1,760 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 Nigeria (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey

In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -5.6% to 5.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $16M in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Turkey in 2022:

1. United States (3049.4 tons)
2. China (1061.3 tons)
3. Belgium (878.0 tons)
4. Italy (118.9 tons)
5. Germany (111.3 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Turkey

In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by 26% to 408 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt setback.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $1.5M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Turkey in 2022:

1. Uzbekistan (108.6 tons)
2. Azerbaijan (43.5 tons)
3. Georgia (41.9 tons)
4. Tajikistan (30.1 tons)
5. Turkmenistan (24.7 tons)
6. Iraq (23.9 tons)
7. Cyprus (21.7 tons)
8. Kyrgyzstan (19.5 tons)
9. Gabon (16.5 tons)
10. Algeria (11.9 tons)
11. Nigeria (11.3 tons)
12. Egypt (10.0 tons)
13. Russia (9.8 tons)

Source: IndexBox Market Intelligence Platform