Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey - 2024
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (CIF) - 2024
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (CIF) - 2024
In December 2023, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $983 per ton, declining by -9.6% against the previous month. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in June 2023 an increase of 17% m-o-m. The import price peaked at $1,388 per ton in March 2023; however, from April 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($3,146 per ton), while the price for Russia ($857 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $2,270 per ton, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices attained the maximum at $2,546 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($2,815 per ton), while the average price for exports to Libya ($800 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 Egypt (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey
In 2022, approx. 25K tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Turkey; which is down by -2.3% compared with the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 +50.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 25K tons, and then shrank slightly in the following year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $57M in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 139% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.7 | 6.6 | 19.4 | 23.8 | 52.6% |
| China | 1.5 | 0.3 | 6.0 | 10.5 | 91.3% |
| Belgium | 6.1 | 4.5 | 10.9 | 10.4 | 19.5% |
| Germany | 0.2 | 0.8 | 0.9 | 4.0 | 171.4% |
| France | 2.4 | 1.4 | 3.0 | 3.5 | 13.4% |
| Indonesia | 2.2 | 1.4 | 1.3 | 1.5 | -12.0% |
| Japan | 0.7 | 0.1 | 1.1 | 1.5 | 28.9% |
| South Korea | 3.4 | 3.9 | 1.6 | 0.1 | -69.1% |
| Others | 0.6 | 0.5 | 2.3 | 1.5 | 35.7% |
| Total | 23.8 | 19.4 | 46.5 | 56.9 | 33.7% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Turkey in 2022:
- Russia (11.6K tons)
- Belgium (4.4K tons)
- China (3.9K tons)
- Germany (1.7K tons)
- France (1.3K tons)
- Indonesia (0.6K tons)
- Japan (0.6K tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey
Exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Turkey soared to 1K tons in 2022, with an increase of 172% against the previous year. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $2.3M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 216%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | 4.4 | 66.8 | 946 | 1366.3% |
| Uzbekistan | 205 | 123 | 368 | 469 | 31.8% |
| Italy | N/A | N/A | N/A | 182 | 0% |
| Greece | N/A | N/A | 71.1 | 170 | 139.1% |
| Russia | N/A | N/A | N/A | 133 | 0% |
| United Kingdom | N/A | N/A | N/A | 132 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 87.2 | 0% |
| Iran | 229 | 49.4 | 55.4 | 52.6 | -38.8% |
| Libya | N/A | N/A | N/A | 38.4 | 0% |
| Azerbaijan | 41.0 | 32.5 | 89.9 | 37.8 | -2.7% |
| Bulgaria | N/A | 24.3 | 36.1 | 10.0 | -35.8% |
| United States | N/A | N/A | 146 | N/A | 0% |
| Others | 95.4 | 36.4 | 18.3 | 27.7 | -33.8% |
| Total | 570 | 270 | 852 | 2,285 | 58.9% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Turkey in 2022:
- Egypt (400.6 tons)
- Uzbekistan (181.8 tons)
- Italy (119.8 tons)
- Greece (62.8 tons)
- United Kingdom (49.9 tons)
- United Arab Emirates (48.4 tons)
- Libya (48.0 tons)
- Russia (47.1 tons)
- Iran (21.9 tons)
- Azerbaijan (13.9 tons)
- Bulgaria (3.5 tons)
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