Price for Mineral Substances Not Elsewhere Specified or Included in Turkey - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Turkey (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Turkey (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Turkey
- Exports of Mineral Substances Not Elsewhere Specified or Included in Turkey
Price for Mineral Substances Not Elsewhere Specified or Included in Turkey (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $1,805 per ton, jumping by 46% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($3,365 per ton), while the price for Mexico ($472 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Turkey (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $69 per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 when the average export price increased by 12%. As a result, the export price attained the peak level of $70 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($154 per ton), while the average price for exports to Guinea ($4.6 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 Germany (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of mineral substances not elsewhere specified or includeds, which increased by 8.1% to 60K tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +51.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of mineral substances not elsewhere specified or includeds skyrocketed to $108M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.9 | 10.3 | 17.7 | 20.1 | 42.8% |
| Italy | 9.2 | 12.6 | 16.2 | 17.7 | 24.4% |
| India | N/A | N/A | 1.4 | 15.1 | 978.6% |
| Spain | 9.9 | 10.7 | 11.2 | 12.1 | 6.9% |
| Indonesia | 3.3 | 3.1 | 2.3 | 9.0 | 39.7% |
| Malaysia | 1.3 | 1.2 | 2.9 | 7.9 | 82.5% |
| Germany | 3.9 | 2.1 | 4.2 | 6.5 | 18.6% |
| China | 2.0 | 2.7 | 4.5 | 6.3 | 46.6% |
| Thailand | 1.4 | 2.1 | 2.8 | 3.4 | 34.4% |
| Mexico | 0.3 | 0.3 | 0.6 | 1.7 | 78.3% |
| Zimbabwe | 1.0 | 1.1 | 0.9 | 1.4 | 11.9% |
| Russia | 0.1 | 0.4 | 0.4 | 0.8 | 100.0% |
| South Africa | 1.7 | 0.4 | 0.4 | 0.6 | -29.3% |
| Others | 1.2 | 2.2 | 3.1 | 5.6 | 67.1% |
| Total | 42.0 | 49.2 | 68.5 | 108 | 37.0% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Turkey in 2022:
- China (11.6K tons)
- Italy (8.3K tons)
- Netherlands (6.7K tons)
- India (5.1K tons)
- Spain (4.4K tons)
- Mexico (3.5K tons)
- Germany (3.2K tons)
- Indonesia (3.0K tons)
- Zimbabwe (2.8K tons)
- Malaysia (2.4K tons)
- Thailand (1.7K tons)
- Russia (1.5K tons)
- South Africa (1.0K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Turkey
In 2022, approx. 1M tons of mineral substances not elsewhere specified or includeds were exported from Turkey; picking up by 13% against the previous year's figure. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds amounted to $70M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Mineral Substances Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 8.1 | 15.7 | 14.5 | 39.0% |
| India | 5.0 | 4.4 | 6.7 | 6.7 | 10.2% |
| Russia | 2.6 | 2.7 | 2.9 | 4.9 | 23.5% |
| Germany | 2.7 | 2.5 | 2.4 | 4.5 | 18.6% |
| South Korea | 4.7 | 4.4 | 4.5 | 4.0 | -5.2% |
| United States | 2.4 | 2.0 | 2.3 | 3.6 | 14.5% |
| Italy | 2.7 | 2.5 | 2.8 | 3.6 | 10.1% |
| Spain | 3.0 | 2.7 | 3.1 | 3.2 | 2.2% |
| Belgium | 2.5 | 1.2 | 1.9 | 2.7 | 2.6% |
| Brazil | 1.5 | 1.5 | 1.9 | 1.8 | 6.3% |
| Guinea | 1.0 | 0.7 | 1.0 | 1.2 | 6.3% |
| United Kingdom | 1.8 | 1.4 | 2.1 | 1.2 | -12.6% |
| Denmark | 0.9 | 0.7 | 1.0 | 0.8 | -3.9% |
| Others | 10.3 | 10.5 | 14.2 | 17.5 | 19.3% |
| Total | 46.6 | 45.3 | 62.4 | 70.1 | 14.6% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Turkey in 2022:
- Guinea (256.2K tons)
- China (112.4K tons)
- Germany (100.9K tons)
- India (75.2K tons)
- Belgium (72.6K tons)
- Italy (54.1K tons)
- Russia (53.9K tons)
- Spain (53.0K tons)
- South Korea (45.2K tons)
- United States (23.1K tons)
- Brazil (19.6K tons)
- Denmark (17.0K tons)
- United Kingdom (10.7K tons)
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