Turkey - Phthalic Anhydride, Terephthalic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phthalic Anhydride and Terephthalic Acid in Turkey - 2023
Contents:
- Price for Phthalic Anhydride and Terephthalic Acid in Turkey (CIF) - 2023
- Price for Phthalic Anhydride and Terephthalic Acid in Turkey (FOB) - 2022
- Imports of Phthalic Anhydride and Terephthalic Acid in Turkey
- Exports of Phthalic Anhydride and Terephthalic Acid in Turkey
Price for Phthalic Anhydride and Terephthalic Acid in Turkey (CIF) - 2023
In July 2023, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $884 per ton, rising by 2.1% against the previous month. In general, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 6.7% m-o-m. The import price peaked at $1,108 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Russia ($1,034 per ton) and Malaysia ($936 per ton), while the price for Portugal ($811 per ton) and China ($847 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (-1.2%), while the prices for the other major suppliers experienced a decline.
Price for Phthalic Anhydride and Terephthalic Acid in Turkey (FOB) - 2022
In 2022, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $1,393 per ton, increasing by 27% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phthalic anhydride and terephthalic acid export price increased by +79.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($1,868 per ton) and Poland ($1,535 per ton), while the average price for exports to Greece ($1,247 per ton) and Germany ($1,287 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 Belgium (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phthalic Anhydride and Terephthalic Acid in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of phthalic anhydride, terephthalic acid and its salts, which increased by 13% to 1.9M tons in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, phthalic anhydride and terephthalic acid imports surged to $1.8B in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Phthalic Anhydride and Terephthalic Acid in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 310 | 290 | 549 | 714 | 32.1% |
China | 1.1 | 9.6 | 199 | 644 | 736.6% |
Portugal | 184 | 122 | 202 | 240 | 9.3% |
Belgium | 114 | 134 | 180 | 114 | 0.0% |
Malaysia | 46.2 | 30.8 | 33.2 | 17.1 | -28.2% |
Others | 95.6 | 84.4 | 115 | 109 | 4.5% |
Total | 751 | 671 | 1,278 | 1,837 | 34.7% |
Top Suppliers of Phthalic Anhydride and Terephthalic Acid to Turkey in 2022:
- South Korea (731.4K tons)
- China (681.3K tons)
- Portugal (235.2K tons)
- Belgium (116.4K tons)
- Malaysia (15.5K tons)
Exports of Phthalic Anhydride and Terephthalic Acid in Turkey
In 2022, phthalic anhydride and terephthalic acid exports from Turkey declined to 20K tons, falling by -14.6% compared with 2021 figures. Over the period under review, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 196% against the previous year. As a result, the exports reached the peak of 23K tons, and then shrank in the following year.
In value terms, phthalic anhydride and terephthalic acid exports expanded remarkably to $27M in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 319% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Phthalic Anhydride and Terephthalic Acid in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 0.5 | 1.6 | 5.4 | 5.5 | 122.4% |
Poland | N/A | N/A | 0.7 | 4.9 | 600.0% |
Egypt | 1.0 | 0.1 | 0.4 | 1.6 | 17.0% |
Canada | N/A | N/A | N/A | 0.8 | 0% |
Spain | 2.8 | 1.3 | 0.5 | 0.7 | -37.0% |
Morocco | 1.3 | 0.5 | 1.6 | 0.6 | -22.7% |
United States | N/A | N/A | 0.3 | 0.5 | 66.7% |
Germany | N/A | 0.7 | 0.1 | 0.3 | -34.5% |
Italy | 0.7 | 0.6 | 1.3 | 0.2 | -34.1% |
Bulgaria | 2.4 | 0.2 | 0.1 | 0.1 | -65.3% |
Russia | 5.1 | N/A | 5.3 | N/A | 1.9% |
Belarus | 0.9 | N/A | N/A | N/A | 0% |
Saudi Arabia | 1.6 | N/A | N/A | N/A | 0% |
Others | 2.4 | 1.0 | 9.6 | 12.3 | 72.4% |
Total | 18.7 | 6.1 | 25.4 | 27.5 | 13.7% |
Top Export Markets for Phthalic Anhydride and Terephthalic Acid from Turkey in 2022:
- Bulgaria (undefinedK tons)
- Greece (4.4K tons)
- Poland (3.2K tons)
- Egypt (1.1K tons)
- Canada (0.5K tons)
- United States (0.4K tons)
- Morocco (0.4K tons)
- Spain (0.4K tons)
- Germany (0.2K tons)
- Italy (0.1K tons)
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid 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 20143430 - Phthalic anhydride, terephthalic acid and its salts
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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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