Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (FOB) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (CIF) - 2024
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $1,001 per ton in 2022, growing by 43% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $1,036 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,314 per ton), while the average price for exports to Spain ($700 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 Jordan (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (CIF) - 2024
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $532 per ton, waning by -15.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 55% m-o-m. Over the period under review, average import prices reached the peak figure at $1,250 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($2,000 per ton), while the price for Iraq ($339 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Turkey skyrocketed to 3.3M tons, with an increase of 23% against 2021 figures. Over the period under review, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 49%.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $3.3B in 2022. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 417 | 340 | 709 | 1,118 | 38.9% |
| South Africa | N/A | 58.1 | 193 | 1,068 | 328.7% |
| France | 7.4 | N/A | 48.9 | 140 | 166.5% |
| United States | 126 | 40.5 | 107 | 134 | 2.1% |
| Spain | 278 | 66.3 | N/A | 126 | -23.2% |
| Belgium | 72.7 | 60.2 | 50.0 | 106 | 13.4% |
| Cyprus | 51.6 | 33.6 | 53.1 | 93.4 | 21.9% |
| Lebanon | 41.1 | 14.9 | 98.0 | 72.0 | 20.5% |
| Egypt | 521 | 57.9 | 48.3 | 42.8 | -56.5% |
| Nigeria | 164 | 151 | 155 | 35.1 | -40.2% |
| Iraq | 88.4 | 25.1 | 59.5 | 6.0 | -59.2% |
| Others | 513 | 174 | 331 | 316 | -14.9% |
| Total | 2,280 | 1,021 | 1,852 | 3,257 | 12.6% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Turkey in 2022:
- Netherlands (1196.8K tons)
- South Africa (956.7K tons)
- France (187.1K tons)
- Spain (179.6K tons)
- Belgium (148.0K tons)
- United States (120.6K tons)
- Cyprus (93.3K tons)
- Lebanon (76.1K tons)
- Nigeria (38.0K tons)
- Egypt (33.0K tons)
- Iraq (7.2K tons)
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey
In 2022, supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s was finally on the rise to reach 444K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a sharp reduction.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $362M in 2022. Over the period under review, imports, however, faced a sharp decline.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 298 | 121 | 33.7 | 160 | -18.7% |
| Romania | 88.5 | 70.3 | 78.1 | 58.8 | -12.7% |
| Greece | 38.8 | 1.1 | 15.8 | 38.1 | -0.6% |
| Spain | 50.8 | 16.3 | 24.6 | 27.9 | -18.1% |
| Belgium | 7.4 | 5.1 | 11.0 | 15.8 | 28.8% |
| Israel | 39.5 | 17.2 | 30.5 | 13.5 | -30.1% |
| Netherlands | 7.2 | 10.7 | 8.5 | 11.4 | 16.6% |
| Italy | 98.4 | 20.9 | 26.1 | 0.3 | -85.5% |
| Algeria | 42.4 | N/A | 30.1 | N/A | -15.7% |
| Libya | 38.0 | 18.4 | N/A | N/A | -51.6% |
| Others | 53.5 | 105 | 43.9 | 36.4 | -12.0% |
| Total | 763 | 387 | 302 | 362 | -22.0% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Turkey in 2022:
- Russia (280.6K tons)
- Romania (59.3K tons)
- Greece (31.6K tons)
- Spain (21.4K tons)
- Israel (13.2K tons)
- Belgium (10.2K tons)
- Netherlands (7.9K tons)
- Italy (0.6K tons)
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