Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey - 2024
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (CIF) - 2024
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (FOB) - 2024
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey
- Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (CIF) - 2024
In September 2023, the average import price for colouring matter; ultramarine and preparations based therea amounted to $5,482 per ton, shrinking by -6.9% against the previous month. Overall, import price indicated a remarkable increase from January 2023 to September 2023: its price increased at an average monthly rate of +7.0% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for colouring matter; ultramarine and preparations based therea increased by +10.7% against July 2023 indices. The growth pace was the most rapid in March 2023 an increase of 42% against the previous month. Over the period under review, average import prices attained the peak figure at $6,341 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($21,583 per ton), while the price for India ($2,986 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (FOB) - 2024
In September 2023, the average export price for colouring matter; ultramarine and preparations based therea amounted to $8,947 per ton, with an increase of 32% against the previous month. Over the period under review, the export price continues to indicate pronounced growth. The growth pace was the most rapid in June 2023 when the average export price increased by 125% against the previous month. As a result, the export price attained the peak level of $15,416 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Iran ($23,372 per ton), while the average price for exports to Algeria ($3,000 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey
Imports of colouring matter; ultramarine and preparations based therea into Turkey stood at 794 tons in 2022, growing by 3% compared with the year before. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 35%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of colouring matter; ultramarine and preparations based therea rose slightly to $3.2M in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,113 | 1,342 | 1,304 | 1,443 | 9.0% |
| India | 258 | 394 | 519 | 761 | 43.4% |
| Romania | 512 | 535 | 971 | 547 | 2.2% |
| France | 160 | 157 | 142 | 128 | -7.2% |
| China | 40.8 | 219 | 68.1 | 118 | 42.5% |
| Greece | 81.5 | 157 | 78.8 | 53.4 | -13.1% |
| Others | 57.0 | 43.9 | 70.6 | 167 | 43.1% |
| Total | 2,222 | 2,847 | 3,153 | 3,217 | 13.1% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to Turkey in 2022:
- India (278.8 tons)
- Spain (268.1 tons)
- Romania (135.0 tons)
- China (46.4 tons)
- Greece (23.5 tons)
- France (18.4 tons)
Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey
In 2022, the amount of colouring matter; ultramarine and preparations based therea exported from Turkey surged to 133 tons, jumping by 83% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of colouring matter; ultramarine and preparations based therea soared to $796K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Colouring Matter; Ultramarine and Preparations Based Thereon in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 16.7 | 45.0 | 102 | 193 | 126.1% |
| Morocco | 39.0 | 38.0 | 32.7 | 114 | 43.0% |
| Russia | N/A | N/A | 7.4 | 104 | 1305.4% |
| Uzbekistan | 21.7 | 19.8 | 53.8 | 71.8 | 49.0% |
| Tunisia | 47.4 | 43.6 | 41.8 | 56.7 | 6.2% |
| Egypt | 112 | 122 | 78.9 | 48.1 | -24.6% |
| Kazakhstan | 22.8 | 16.0 | 19.8 | 43.7 | 24.2% |
| Spain | 0.8 | N/A | N/A | 35.7 | 254.7% |
| Austria | N/A | N/A | N/A | 28.3 | 0% |
| United States | N/A | N/A | 21.7 | 24.8 | 14.3% |
| Romania | 0.6 | 0.3 | 16.4 | 16.3 | 200.6% |
| Tajikistan | 7.8 | 0.2 | 13.3 | 14.8 | 23.8% |
| Azerbaijan | 7.8 | 4.5 | 5.7 | 10.4 | 10.1% |
| Others | 18.1 | 41.3 | 75.5 | 33.9 | 23.3% |
| Total | 295 | 331 | 469 | 796 | 39.2% |
Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from Turkey in 2022:
- Iraq (28.9 tons)
- Morocco (20.2 tons)
- Russia (17.2 tons)
- Tunisia (12.1 tons)
- Uzbekistan (10.3 tons)
- Austria (10.0 tons)
- Spain (5.9 tons)
- Kazakhstan (5.4 tons)
- Romania (4.3 tons)
- Egypt (4.1 tons)
- United States (4.0 tons)
- Azerbaijan (3.0 tons)
- Tajikistan (2.4 tons)
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