Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey - 2024
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (CIF) - 2024
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (FOB) - 2024
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (CIF) - 2024
In January 2024, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,990 per ton, growing by 5.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,224 per ton in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($11,088 per ton), while the price for Belgium ($1,163 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (FOB) - 2024
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,359 per ton in January 2024, stabilizing at the previous month. Over the period under review, the export price, however, showed a mild curtailment. The pace of growth was the most pronounced in June 2023 when the average export price increased by 3.7% against the previous month. Over the period under review, the average export prices hit record highs at $2,704 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Iran ($4,312 per ton), while the average price for exports to Israel ($1,121 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey
Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Turkey amounted to 53K tons in 2022, surging by 10% against the year before. The total import volume increased at an average annual rate of +11.5% over the period 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 with an increase of 33% against the previous year. 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 adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $211M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 63.9 | 71.2 | 80.7 | 87.1 | 10.9% |
| Italy | 13.9 | 16.2 | 19.1 | 23.4 | 19.0% |
| China | 17.7 | 12.0 | 14.4 | 21.8 | 7.2% |
| Egypt | 18.4 | 19.6 | 14.4 | 15.9 | -4.8% |
| France | 12.0 | 12.3 | 12.6 | 11.7 | -0.8% |
| Switzerland | 6.0 | 4.8 | 5.0 | 8.0 | 10.1% |
| Portugal | 5.9 | 4.9 | 5.4 | 5.6 | -1.7% |
| Poland | 1.2 | 1.0 | 2.6 | 4.7 | 57.6% |
| United Kingdom | 2.6 | 3.4 | 4.4 | 4.6 | 20.9% |
| Belgium | 2.0 | 2.8 | 3.7 | 4.5 | 31.0% |
| Bulgaria | 6.7 | 3.5 | 1.3 | 1.5 | -39.3% |
| Others | 20.9 | 20.2 | 18.6 | 22.2 | 2.0% |
| Total | 171 | 172 | 182 | 211 | 7.3% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Turkey in 2022:
- Germany (18.3K tons)
- China (7.2K tons)
- Egypt (5.5K tons)
- Italy (5.4K tons)
- Belgium (2.5K tons)
- France (2.4K tons)
- Switzerland (2.2K tons)
- Portugal (1.6K tons)
- United Kingdom (1.1K tons)
- Poland (0.8K tons)
- Bulgaria (0.6K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins), which increased by 20% to 51K tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $133M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.6 | 9.4 | 15.7 | 36.9 | 69.3% |
| Iran | 12.6 | 8.5 | 6.5 | 10.2 | -6.8% |
| Egypt | 1.7 | 2.3 | 3.6 | 6.3 | 54.7% |
| Poland | 2.1 | 2.4 | 4.1 | 5.9 | 41.1% |
| Azerbaijan | 4.8 | 5.1 | 3.7 | 4.7 | -0.7% |
| Morocco | 0.8 | 0.7 | 4.0 | 4.3 | 75.2% |
| Uzbekistan | 2.8 | 2.0 | 3.3 | 4.2 | 14.5% |
| Iraq | 2.1 | 2.9 | 3.9 | 3.9 | 22.9% |
| Israel | 1.7 | 1.7 | 2.7 | 3.8 | 30.8% |
| Georgia | 2.1 | 2.2 | 2.4 | 3.6 | 19.7% |
| Germany | 0.2 | 0.4 | 0.3 | 3.0 | 146.6% |
| Lebanon | 2.0 | 1.8 | 2.5 | 2.8 | 11.9% |
| Bulgaria | 1.4 | 1.3 | 2.0 | 2.5 | 21.3% |
| Others | 25.0 | 29.3 | 36.7 | 40.9 | 17.8% |
| Total | 66.9 | 70.0 | 91.4 | 133 | 25.7% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Turkey in 2022:
- Russia (13.0K tons)
- Egypt (2.9K tons)
- Iran (2.3K tons)
- Azerbaijan (2.3K tons)
- Poland (2.1K tons)
- Uzbekistan (1.8K tons)
- Morocco (1.8K tons)
- Israel (1.7K tons)
- Georgia (1.6K tons)
- Germany (1.5K tons)
- Iraq (1.5K tons)
- Bulgaria (1.1K tons)
- Lebanon (1.0K tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Turkey.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Turkey.
283
This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
