Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey - 2023

Contents:

1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey (CIF) - 2023
2. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey (FOB) - 2022
3. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey
4. Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey (CIF) - 2023

In December 2023, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $5,236 per ton, growing by 17% against the previous month. Over the period under review, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in April 2023 an increase of 73% against the previous month. Over the period under review, average import prices attained the peak figure at $12,573 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($39,302 per ton), while the price for China ($4,695 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 Spain (+18.9%), while the prices for the other major suppliers experienced a decline.

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey (FOB) - 2022

The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $3,148 per ton in 2022, shrinking by -78% against the previous year. In general, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 390%. The export price peaked at $16,096 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($288,500 per ton), while the average price for exports to Azerbaijan ($319 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 China (+127.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey

For the fourth consecutive year, Turkey recorded growth in purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, which increased by 28% to 263 tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol skyrocketed to $1.8M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Turkey in 2022:

1. China (189.2 tons)
2. India (55.0 tons)
3. United States (7.8 tons)
4. Spain (5.1 tons)
5. Germany (4.0 tons)

Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Turkey

In 2022, overseas shipments of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -32.5% to 2 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 872%. As a result, the exports reached the peak of 18 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol contracted notably to $6.3K in 2022. In general, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 76%. As a result, the exports reached the peak of $51K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Turkey in 2022:

1. Azerbaijan (844.0 kg)
2. Tajikistan (600.0 kg)
3. Serbia (500.0 kg)
4. Indonesia (50.0 kg)

Source: IndexBox Market Intelligence Platform