Turkey - Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyesters in Primary Forms in Turkey - 2023
Contents:
- Price for Polyesters in Primary Forms in Turkey (FOB) - 2023
- Price for Polyesters in Primary Forms in Turkey (CIF) - 2023
- Exports of Polyesters in Primary Forms in Turkey
- Imports of Polyesters in Primary Forms in Turkey
Price for Polyesters in Primary Forms in Turkey (FOB) - 2023
In July 2023, the average polyesters in primary forms export price amounted to $3,005 per ton, picking up by 1.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 2.5% against the previous month. Over the period under review, the average export prices hit record highs at $3,298 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($3,895 per ton), while the average price for exports to Jordan ($2,071 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Polyesters in Primary Forms in Turkey (CIF) - 2023
The average polyesters in primary forms import price stood at $2,458 per ton in July 2023, therefore, remained relatively stable against the previous month. Overall, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 5.1% month-to-month. As a result, import price reached the peak level of $3,346 per ton. From October 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,748 per ton), while the price for China ($1,783 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Polyesters in Primary Forms in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters), which increased by 17% to 104K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 +72.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, polyesters in primary forms exports skyrocketed to $335M in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Polyesters in Primary Forms in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 27.6 | 28.8 | 32.7 | 71.7 | 37.5% |
Germany | 25.4 | 24.1 | 55.4 | 69.4 | 39.8% |
Italy | 5.4 | 5.0 | 15.7 | 19.7 | 53.9% |
Uzbekistan | 12.1 | 13.0 | 17.7 | 19.0 | 16.2% |
Poland | 4.7 | 5.0 | 9.5 | 12.1 | 37.1% |
Algeria | 7.4 | 9.8 | 9.5 | 11.5 | 15.8% |
Israel | 5.4 | 6.9 | 9.8 | 10.2 | 23.6% |
Romania | 4.6 | 5.5 | 8.0 | 9.4 | 26.9% |
Egypt | 4.7 | 3.8 | 6.4 | 8.6 | 22.3% |
Spain | 3.6 | 2.4 | 6.9 | 7.6 | 28.3% |
Bulgaria | 3.8 | 3.9 | 5.6 | 6.8 | 21.4% |
Ukraine | 10.0 | 10.4 | 14.3 | 6.6 | -12.9% |
Iran | 6.9 | 3.5 | 6.2 | 5.7 | -6.2% |
Others | 38.2 | 46.2 | 70.8 | 76.2 | 25.9% |
Total | 160 | 168 | 269 | 335 | 27.9% |
Top Export Markets for Polyesters in Primary Forms from Turkey in 2022:
- Russia (24.5K tons)
- Germany (19.6K tons)
- Uzbekistan (6.5K tons)
- Italy (5.7K tons)
- Poland (4.0K tons)
- Algeria (3.5K tons)
- Egypt (3.2K tons)
- Israel (2.9K tons)
- Romania (2.4K tons)
- Spain (2.3K tons)
- Ukraine (2.2K tons)
- Iran (2.0K tons)
- Bulgaria (1.8K tons)
Imports of Polyesters in Primary Forms in Turkey
Polyesters in primary forms imports into Turkey fell to 85K tons in 2022, declining by -8.7% against the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of 93K tons, and then fell in the following year.
In value terms, polyesters in primary forms imports expanded significantly to $261M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
Import of Polyesters in Primary Forms in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 47.7 | 41.4 | 43.4 | 51.1 | 2.3% |
China | 18.4 | 15.6 | 48.9 | 50.7 | 40.2% |
Germany | 31.3 | 25.5 | 32.1 | 41.0 | 9.4% |
Spain | 14.9 | 14.2 | 21.9 | 22.8 | 15.2% |
Taiwan (Chinese) | 9.9 | 12.2 | 17.3 | 20.7 | 27.9% |
Malaysia | 8.1 | 5.6 | 13.9 | 10.4 | 8.7% |
Netherlands | 8.6 | 8.7 | 13.6 | 10.3 | 6.2% |
South Korea | 4.4 | 4.8 | 10.5 | 9.4 | 28.8% |
United States | 6.4 | 7.1 | 7.7 | 8.2 | 8.6% |
Thailand | 2.3 | 4.8 | 5.8 | 5.2 | 31.2% |
India | 2.4 | 1.5 | 2.7 | 3.8 | 16.6% |
Others | 24.5 | 19.4 | 29.2 | 26.9 | 3.2% |
Total | 179 | 161 | 247 | 261 | 13.4% |
Top Suppliers of Polyesters in Primary Forms to Turkey in 2022:
- China (18.4K tons)
- Italy (18.3K tons)
- Germany (10.5K tons)
- Spain (7.6K tons)
- Taiwan (Chinese) (7.1K tons)
- Malaysia (4.0K tons)
- South Korea (3.3K tons)
- Netherlands (2.8K tons)
- United States (2.2K tons)
- India (1.4K tons)
- Thailand (1.3K tons)
This report provides an in-depth analysis of the market for polyesters in primary forms 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 20164090 - Polyesters, in primary forms (excluding polyacetals, p olyethers, epoxide resins, polycarbonates, alkyd resins, p olyethylene terephthalate, other unsaturated polyesters)
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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