Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey - 2023
Contents:
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (CIF) - 2023
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (FOB) - 2022
- Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey
- Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (CIF) - 2023
The average import price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $558 per ton in December 2023, with a decrease of -2.5% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in August 2023 when the average import price increased by 62% m-o-m. The import price peaked at $977 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat 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 Germany ($1,430 per ton), while the price for Russia ($261 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (FOB) - 2022
In 2022, the average export price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $1,281 per ton, picking up by 24% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses increased by +48.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 35% against the previous year. The export price peaked 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 Iran ($2,687 per ton), while the average price for exports to India ($389 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 Russia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey
In 2022, approx. 2M tons of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses were imported into Turkey; picking up by 8.5% against 2021. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses totaled $1.7B in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 140 | 220 | 364 | 512 | 54.1% |
| China | 39.9 | 36.8 | 123 | 211 | 74.2% |
| Saudi Arabia | 162 | 118 | 236 | 183 | 4.1% |
| Germany | 73.1 | 75.6 | 158 | 178 | 34.5% |
| Egypt | 58.0 | 80.0 | 157 | 93.6 | 17.3% |
| Russia | 20.1 | 16.5 | 27.2 | 65.0 | 47.9% |
| Kuwait | 89.8 | 5.0 | 19.4 | 58.3 | -13.4% |
| Azerbaijan | 33.8 | 32.2 | 62.9 | 52.8 | 16.0% |
| Others | 196 | 181 | 397 | 326 | 18.5% |
| Total | 813 | 765 | 1,544 | 1,680 | 27.4% |
Top Suppliers of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Turkey in 2022:
- United States (836.8K tons)
- Egypt (219.9K tons)
- Saudi Arabia (216.9K tons)
- Russia (140.2K tons)
- Azerbaijan (128.3K tons)
- Kuwait (99.7K tons)
- China (87.0K tons)
- Germany (86.1K tons)
Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses, which increased by 1.8% to 44K tons 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 102% 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.
In value terms, exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $56M in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 112%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.2 | 0.5 | 1.4 | 8.6 | 250.3% |
| Bulgaria | 1.8 | 3.0 | 3.3 | 5.4 | 44.2% |
| Romania | 1.1 | 0.7 | 2.7 | 5.0 | 65.7% |
| Iraq | 0.6 | 0.5 | 2.0 | 3.7 | 83.4% |
| Iran | 1.6 | 1.4 | 2.9 | 3.5 | 29.8% |
| Israel | 0.1 | 0.2 | 0.7 | 3.3 | 220.8% |
| Greece | 1.8 | 2.6 | 3.4 | 3.1 | 19.9% |
| Belgium | N/A | N/A | 0.2 | 2.7 | 1250.0% |
| Uzbekistan | 1.2 | 0.5 | 1.0 | 2.5 | 27.7% |
| Italy | N/A | 0.5 | 1.6 | 2.0 | 100.0% |
| Ukraine | N/A | 0.2 | 0.5 | 1.6 | 182.8% |
| Germany | N/A | 0.2 | 0.3 | 1.3 | 155.0% |
| India | 1.9 | 4.7 | 4.4 | 0.1 | -62.5% |
| Others | 3.5 | 6.0 | 19.7 | 13.2 | 55.7% |
| Total | 13.9 | 20.9 | 44.1 | 55.9 | 59.0% |
Top Export Markets for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Turkey in 2022:
- Bulgaria (7.8K tons)
- Romania (5.1K tons)
- Russia (4.5K tons)
- Greece (4.0K tons)
- Ukraine (3.2K tons)
- Israel (2.7K tons)
- Iraq (1.8K tons)
- Belgium (1.6K tons)
- Iran (1.3K tons)
- Italy (1.1K tons)
- Uzbekistan (1.0K tons)
- Germany (0.7K tons)
- India (0.2K tons)
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