Turkey - Unsaturated Polyesters In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 2, 2024

Turkey - Unsaturated Polyesters In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Unsaturated Polyesters in Primary Forms in Turkey - 2023

Contents:

  1. Price for Unsaturated Polyesters in Primary Forms in Turkey (FOB) - 2023
  2. Price for Unsaturated Polyesters in Primary Forms in Turkey (CIF) - 2023
  3. Exports of Unsaturated Polyesters in Primary Forms in Turkey
  4. Imports of Unsaturated Polyesters in Primary Forms in Turkey

Price for Unsaturated Polyesters in Primary Forms in Turkey (FOB) - 2023

In September 2023, the average export price for unsaturated polyesters in primary forms amounted to $1,675 per ton, with an increase of 2.1% against the previous month. In general, the export price, however, showed a slight descent. The export price peaked at $2,087 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Russia ($2,268 per ton), while the average price for exports to Egypt ($1,407 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-0.1%), while the prices for the other major destinations experienced a decline.

Price for Unsaturated Polyesters in Primary Forms in Turkey (CIF) - 2023

The average import price for unsaturated polyesters in primary forms stood at $3,786 per ton in September 2023, with an increase of 5.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 37% m-o-m. As a result, import price reached the peak level of $4,334 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,298 per ton), while the price for Iran ($1,433 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Unsaturated Polyesters in Primary Forms in Turkey

For the fourth year in a row, Turkey recorded growth in overseas shipments of unsaturated polyesters in primary forms, which increased by 8.6% to 135K tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.9% 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 +81.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports surged to $294M in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Unsaturated Polyesters in Primary Forms in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain26.826.297.810959.6%
United StatesN/A6.016.827.4113.7%
Iraq14.813.321.021.413.1%
Russia0.32.15.020.2306.8%
Israel3.57.915.714.861.7%
Egypt12.614.317.714.13.8%
Algeria6.45.86.69.112.4%
Italy0.40.59.37.9170.3%
Morocco3.22.51.36.426.0%
Germany0.20.14.36.2214.1%
Poland2.11.15.55.336.2%
Uzbekistan3.82.73.54.55.8%
Qatar6.48.03.60.3-63.9%
Others26.323.143.647.521.8%
Total10711425229440.1%

Top Export Markets for Unsaturated Polyesters in Primary Forms from Turkey in 2022:

  1. Spain (52.6K tons)
  2. United States (12.3K tons)
  3. Iraq (10.4K tons)
  4. Egypt (7.9K tons)
  5. Russia (7.6K tons)
  6. Israel (6.6K tons)
  7. Algeria (3.9K tons)
  8. Italy (3.6K tons)
  9. Germany (3.2K tons)
  10. Morocco (3.1K tons)
  11. Poland (2.4K tons)
  12. Uzbekistan (1.9K tons)
  13. Qatar (0.1K tons)

Imports of Unsaturated Polyesters in Primary Forms in Turkey

Unsaturated polyesters in primary forms imports into Turkey soared to 14K tons in 2022, increasing by 25% on 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, unsaturated polyesters in primary forms imports soared to $50M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Unsaturated Polyesters in Primary Forms in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/A0.10.88.5822.0%
Italy3.74.46.16.822.5%
United Kingdom1.73.36.66.253.9%
Germany2.82.63.55.726.7%
France3.23.13.74.18.6%
India0.21.73.13.3154.6%
Slovenia1.81.71.72.38.5%
Spain1.61.62.92.19.5%
Iran0.40.61.41.555.4%
Poland0.60.40.50.914.5%
China0.60.40.50.4-12.6%
Norway4.00.50.7N/A-58.2%
Others5.15.26.28.116.7%
Total25.825.537.750.024.7%

Top Suppliers of Unsaturated Polyesters in Primary Forms to Turkey in 2022:

  1. Norway (undefinedK tons)
  2. United Arab Emirates (3.2K tons)
  3. Italy (1.7K tons)
  4. France (1.6K tons)
  5. Germany (1.5K tons)
  6. India (1.2K tons)
  7. United Kingdom (1.2K tons)
  8. Iran (0.9K tons)
  9. Slovenia (0.7K tons)
  10. Spain (0.5K tons)
  11. Poland (0.3K tons)
  12. China (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for unsaturated 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 20164070 - Unsaturated liquid polyesters, in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate)
  • Prodcom 20164080 - Unsaturated polyesters, in primary forms (excluding liquid polyesters, polyacetals, polyethers, epoxide resins, p olycarbonates, alkyd resins, polyethylene terephthalate)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Polyesters; n.e.s. in heading no. 3907, unsaturated, in primary forms - Turkey