Price for Ethylene Polymers; Waste, Parings and Scrap in Turkey - 2024

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Turkey (CIF) - 2024
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Turkey (FOB) - 2022
3. Imports of Ethylene Polymers; Waste, Parings and Scrap in Turkey
4. Exports of Ethylene Polymers; Waste, Parings and Scrap in Turkey

Price for Ethylene Polymers; Waste, Parings and Scrap in Turkey (CIF) - 2024

In January 2024, the average import price for ethylene polymers; waste, parings and scraps amounted to $260 per ton, with a decrease of -1.5% against the previous month. Overall, the import price saw a slight downturn. The most prominent rate of growth was recorded in February 2023 an increase of 8% month-to-month. The import price peaked at $330 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 Netherlands ($343 per ton), while the price for Iraq ($192 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 Germany (+1.1%), while the prices for the other major suppliers experienced a decline.

Price for Ethylene Polymers; Waste, Parings and Scrap in Turkey (FOB) - 2022

In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $526 per ton, surging by 4.7% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. As a result, the export price attained the peak level of $1,274 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,031 per ton), while the average price for exports to Germany ($381 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 Spain (+86.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ethylene Polymers; Waste, Parings and Scrap in Turkey

In 2022, after three years of growth, there was significant decline in supplies from abroad of ethylene polymers; waste, parings and scraps, when their volume decreased by -5.1% to 434K tons. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 71%.

In value terms, imports of ethylene polymers; waste, parings and scraps surged to $166M in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 59%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Turkey in 2022:

1. Iraq (78.0K tons)
2. Germany (71.1K tons)
3. United Kingdom (65.4K tons)
4. Netherlands (54.5K tons)
5. Belgium (46.4K tons)
6. Spain (33.4K tons)
7. Italy (19.7K tons)
8. Slovenia (18.3K tons)
9. Israel (11.3K tons)
10. United States (6.4K tons)
11. Ireland (4.4K tons)

Exports of Ethylene Polymers; Waste, Parings and Scrap in Turkey

In 2022, the amount of ethylene polymers; waste, parings and scraps exported from Turkey declined significantly to 527 tons, falling by -25.2% against the year before. Over the period under review, exports saw a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports reached the peak of 704 tons, and then contracted sharply in the following year.

In value terms, exports of ethylene polymers; waste, parings and scraps contracted significantly to $277K in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of $354K, and then reduced remarkably in the following year.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Turkey in 2022:

1. Germany (321.5 tons)
2. Israel (132.5 tons)
3. Spain (68.6 tons)

Source: IndexBox Market Intelligence Platform