Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (CIF) - 2023
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (FOB) - 2022
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (CIF) - 2023
The average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $12,144 per ton in December 2023, increasing by 5.7% against the previous month. Over the period under review, import price indicated a tangible increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes increased by +5.7% against November 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 88% month-to-month. As a result, import price attained the peak level of $17,099 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($26,567 per ton), while the price for the Philippines ($4,103 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 the UK (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (FOB) - 2022
The average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $45,123 per ton in 2022, growing by 116% against the previous year. In general, the export price enjoyed a strong increase. The growth pace was the most rapid in 2018 an increase of 460% against the previous year. The export price peaked at $78,548 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($203,036 per ton), while the average price for exports to India ($6,650 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 (+2,063.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey
In 2022, supplies from abroad of aldehydes; cyclic, without other oxygen function, other than benzaldehydes increased by 13% to 323 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $3.6M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 773 | 761 | 542 | 636 | -6.3% |
| United Kingdom | 840 | 594 | 389 | 564 | -12.4% |
| India | 302 | 347 | 495 | 544 | 21.7% |
| China | 354 | 550 | 660 | 481 | 10.8% |
| Germany | 661 | 305 | 388 | 224 | -30.3% |
| United States | 59.4 | 72.5 | 108 | 199 | 49.6% |
| France | 125 | 49.5 | 79.6 | 117 | -2.2% |
| Others | 488 | 316 | 514 | 828 | 19.3% |
| Total | 3,603 | 2,995 | 3,176 | 3,593 | -0.1% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to Turkey in 2022:
- United Kingdom (87.3 tons)
- Spain (62.3 tons)
- India (49.5 tons)
- China (30.9 tons)
- United States (26.1 tons)
- Germany (20.7 tons)
- France (13.5 tons)
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey
In 2022, the amount of aldehydes; cyclic, without other oxygen function, other than benzaldehydes exported from Turkey reduced notably to 2.1 tons, waning by -59.2% compared with the previous year. Overall, exports showed a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 449% against the previous year. As a result, the exports reached the peak of 5.2 tons, and then contracted significantly in the following year.
In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes reduced to $95K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 906% against the previous year. As a result, the exports attained the peak of $108K, and then contracted in the following year.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 27.2 | 45.7 | 68.0% |
| Iraq | N/A | N/A | 73.1 | 31.6 | -56.8% |
| Bulgaria | N/A | N/A | 4.6 | 8.2 | 78.3% |
| Indonesia | N/A | 0.5 | N/A | 4.1 | 186.4% |
| South Africa | N/A | 0.1 | 0.8 | 1.8 | 324.3% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Spain | 21.2 | 3.2 | 1.1 | 0.7 | -67.9% |
| Morocco | 0.7 | N/A | N/A | N/A | 0% |
| Egypt | 2.8 | 0.8 | 1.4 | N/A | -29.3% |
| Others | 1.5 | 6.2 | N/A | 2.7 | 21.6% |
| Total | 26.2 | 10.8 | 108 | 95.3 | 53.8% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from Turkey in 2022:
- Bulgaria (780.0 kg)
- Indonesia (600.0 kg)
- Russia (225.0 kg)
- Iraq (200.0 kg)
- South Africa (114.0 kg)
- India (100.0 kg)
- Spain (64.0 kg)
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