Price for Ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one) in Turkey - 2023

Contents:

1. Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey (CIF) - 2022
2. Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey (FOB) - 2022
3. Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey
4. Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey

Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey (CIF) - 2022

In 2022, the average import price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $6,133 per ton, increasing by 38% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s increased by +44.1% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($12,589 per ton), while the price for France ($3,582 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey (FOB) - 2022

The average export price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s stood at $5,744 per ton in 2022, with an increase of 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $6,172 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($5,985 per ton) and Germany ($5,923 per ton), while the average price for exports to Austria ($4,596 per ton) and Italy ($5,311 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey

For the fourth year in a row, Turkey recorded growth in purchases abroad of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s, which increased by 3% to 882 tons in 2022. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s soared to $5.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +75.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) to Turkey in 2022:

1. China (686.4 tons)
2. France (134.5 tons)
3. Germany (32.8 tons)
4. India (21.0 tons)

Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Turkey

In 2022, shipments abroad of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s decreased by -31.1% to 638 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 90%. As a result, the exports reached the peak of 926 tons, and then contracted markedly in the following year.

In value terms, exports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s fell rapidly to $3.7M in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, the exports attained the peak of $4.6M, and then fell sharply in the following year.

Top Export Markets for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) from Turkey in 2022:

1. Germany (189.5 tons)
2. United States (189.2 tons)
3. Austria (165.0 tons)
4. Italy (66.0 tons)
5. Brazil (19.8 tons)

Source: IndexBox Market Intelligence Platform