Turkey - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tall Oil Fatty Acids in Turkey - 2023
Contents:
- Price for Tall Oil Fatty Acids in Turkey (CIF) - 2023
- Price for Tall Oil Fatty Acids in Turkey (FOB) - 2022
- Imports of Tall Oil Fatty Acids in Turkey
- Exports of Tall Oil Fatty Acids in Turkey
Price for Tall Oil Fatty Acids in Turkey (CIF) - 2023
In July 2023, the average tall oil fatty acids import price amounted to $3,052 per ton, almost unchanged from the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 16% m-o-m. The import price peaked in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($4,341 per ton), while the price for Finland totaled $2,955 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tall Oil Fatty Acids in Turkey (FOB) - 2022
The average tall oil fatty acids export price stood at $2,631 per ton in 2022, growing by 17% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 38% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($2,642 per ton), while the average price for exports to Russia stood at $2,495 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tall Oil Fatty Acids in Turkey
In 2022, after three years of growth, there was significant decline in overseas purchases of industrial tall oil fatty acids, when their volume decreased by -43.2% to 4.3K tons. Over the period under review, imports saw a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports attained the peak of 7.5K tons, and then dropped rapidly in the following year.
In value terms, tall oil fatty acids imports shrank to $9.7M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $10M, and then contracted in the following year.
| Import of Tall Oil Fatty Acids in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 2.6 | 3.7 | 4.6 | 4.2 | 17.3% |
| United States | 0.5 | 1.2 | 3.0 | 2.8 | 77.6% |
| France | 1.8 | 1.5 | 1.9 | 2.0 | 3.6% |
| Sweden | 0.1 | 0.2 | 0.7 | 0.6 | 81.7% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 5.2 | 6.7 | 10.4 | 9.7 | 23.1% |
Top Suppliers of Tall Oil Fatty Acids to Turkey in 2022:
- Finland (1602.1 tons)
- United States (1313.5 tons)
- France (1101.5 tons)
- Sweden (219.4 tons)
Exports of Tall Oil Fatty Acids in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of industrial tall oil fatty acids, when their volume decreased by -66.1% to 11 tons. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 185% against the previous year. As a result, the exports reached the peak of 33 tons, and then reduced markedly in the following year.
In value terms, tall oil fatty acids exports shrank significantly to $29K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 220%. As a result, the exports attained the peak of $73K, and then reduced markedly in the following year.
| Export of Tall Oil Fatty Acids in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 2.2 | 14.8 | 42.4 | 27.0 | 130.7% |
| Russia | 0.9 | 0.4 | 1.5 | 2.0 | 30.5% |
| Kuwait | N/A | 4.1 | N/A | N/A | 0% |
| Marshall Islands | N/A | N/A | 15.6 | N/A | 0% |
| Uzbekistan | N/A | N/A | 2.9 | N/A | 0% |
| United Arab Emirates | 11.9 | N/A | N/A | N/A | 0% |
| Liberia | N/A | N/A | 3.5 | N/A | 0% |
| Others | 1.1 | 3.5 | 7.1 | N/A | 154.1% |
| Total | 16.2 | 22.8 | 73.0 | 29.0 | 21.4% |
Top Export Markets for Tall Oil Fatty Acids from Turkey in 2022:
- Qatar (10.2 tons)
- Russia (0.8 tons)
This report provides an in-depth analysis of the market for tall oil fatty acids 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 20143150 - Industrial tall oil fatty acids
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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