Turkey - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in Turkey - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in Turkey (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in Turkey (FOB) - 2023
- Imports of Oil and Water Paints and Varnishes in Turkey
- Exports of Oil and Water Paints and Varnishes in Turkey
Price for Oil and Water Paints and Varnishes in Turkey (CIF) - 2022
In 2022, the average import price for oil and water paints and varnishes amounted to $5,133 per ton, rising by 8.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. As a result, import price attained the peak level of $7,248 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($7,848 per ton), while the price for Greece ($2,592 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oil and Water Paints and Varnishes in Turkey (FOB) - 2023
In November 2023, the average export price for oil and water paints and varnishes amounted to $2,914 per ton, falling by -16.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 46% m-o-m. As a result, the export price attained the peak level of $3,639 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Germany ($4,879 per ton), while the average price for exports to Syrian Arab Republic ($1,364 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Turkey
Imports of oil and water paints and varnishes into Turkey soared to 8.5K tons in 2022, surging by 24% against the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 +57.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil and water paints and varnishes skyrocketed to $44M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Oil and Water Paints and Varnishes in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 3.8 | 6.4 | 9.4 | 12.2 | 47.5% |
| Italy | 2.5 | 2.5 | 3.2 | 4.3 | 19.8% |
| Germany | 2.1 | 2.9 | 2.4 | 4.2 | 26.0% |
| Portugal | 2.4 | 2.2 | 3.9 | 3.7 | 15.5% |
| Belgium | 2.6 | 2.5 | 2.6 | 3.0 | 4.9% |
| Poland | 1.3 | 1.4 | 2.4 | 2.2 | 19.2% |
| Croatia | 1.3 | 1.0 | 1.6 | 1.6 | 7.2% |
| Greece | 0.4 | 0.4 | 0.7 | 1.1 | 40.1% |
| Others | 5.5 | 5.9 | 6.1 | 11.3 | 27.1% |
| Total | 21.9 | 25.3 | 32.2 | 43.7 | 25.9% |
Top Suppliers of Oil and Water Paints and Varnishes to Turkey in 2022:
- Norway (2987.3 tons)
- Italy (980.7 tons)
- Belgium (898.8 tons)
- Germany (774.9 tons)
- Portugal (466.4 tons)
- Greece (433.6 tons)
- Poland (388.3 tons)
- Croatia (308.6 tons)
Exports of Oil and Water Paints and Varnishes in Turkey
In 2022, exports of oil and water paints and varnishes from Turkey soared to 7.8K tons, with an increase of 36% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of oil and water paints and varnishes skyrocketed to $26M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil and Water Paints and Varnishes in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 4.8 | 1.6 | 2.5 | 3.9 | -6.7% |
| Russia | 1.0 | 0.9 | 0.8 | 3.4 | 50.4% |
| Iraq | 1.0 | 1.0 | 1.3 | 2.6 | 37.5% |
| Tajikistan | 0.2 | 0.1 | 0.1 | 2.5 | 132.1% |
| Azerbaijan | 2.0 | 1.9 | 1.6 | 1.5 | -9.1% |
| Georgia | 1.0 | 0.8 | 0.8 | 1.0 | 0.0% |
| Israel | 0.6 | 0.7 | 0.9 | 0.9 | 14.5% |
| Ghana | 0.6 | 0.1 | 0.6 | 0.8 | 10.1% |
| Turkmenistan | 0.9 | 0.7 | 0.9 | 0.8 | -3.9% |
| Cyprus | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Uzbekistan | 0.6 | 0.3 | 0.5 | 0.4 | -12.6% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.2 | 0% |
| Saudi Arabia | 1.0 | 0.9 | N/A | N/A | -10.0% |
| Others | 8.1 | 8.3 | 9.1 | 8.0 | -0.4% |
| Total | 22.1 | 17.5 | 19.4 | 26.4 | 6.1% |
Top Export Markets for Oil and Water Paints and Varnishes from Turkey in 2022:
- Iraq (1596.9 tons)
- Iran (699.2 tons)
- Tajikistan (690.3 tons)
- Russia (645.4 tons)
- Georgia (488.0 tons)
- Azerbaijan (398.0 tons)
- Ghana (357.6 tons)
- Turkmenistan (263.5 tons)
- Israel (233.4 tons)
- Syrian Arab Republic (229.5 tons)
- Cyprus (127.8 tons)
- Uzbekistan (121.2 tons)
- Saudi Arabia (1.1 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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