Turkey - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Turkey - 2023
Contents:
- Propene Price in Turkey (FOB) - 2022
- Propene Price in Turkey (CIF) - 2022
- Propene Exports in Turkey
- Propene Imports in Turkey
Propene Price in Turkey (FOB) - 2022
In 2022, the average propene export price amounted to $1,187 per ton, growing by 13% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propene export price increased by +89.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 68% against the previous year. The export price peaked at $1,235 per ton in 2013; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($1,201 per ton), while the average price for exports to Greece totaled $1,186 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5.8%), while the prices for the other major destinations experienced a decline.
Propene Price in Turkey (CIF) - 2022
The average propene import price stood at $597 per ton in 2022, increasing by 83% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 125% against the previous year. As a result, import price attained the peak level of $2,390 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,205 per ton), while the price for Russia amounted to $588 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+0.0%), while the prices for the other major suppliers experienced a decline.
Propene Exports in Turkey
In 2022, overseas shipments of propene (propylene) decreased by -48.6% to 14K tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 260%. As a result, the exports attained the peak of 89K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, propene exports contracted significantly to $17M in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 154%. As a result, the exports attained the peak of $56M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Propene in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 16.0 | 25.2 | 22.6 | 16.7 | 1.4% |
| Bulgaria | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Spain | N/A | 2.3 | N/A | N/A | 0% |
| Belgium | N/A | 2.0 | 1.7 | N/A | -15.0% |
| China | N/A | 7.4 | N/A | N/A | 0% |
| Indonesia | N/A | 2.4 | N/A | N/A | 0% |
| Egypt | 1.3 | 3.4 | N/A | N/A | 161.5% |
| Netherlands | 4.5 | 9.8 | 4.8 | N/A | 3.3% |
| Romania | N/A | 3.2 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 21.9 | 55.8 | 29.4 | 17.0 | -8.1% |
Top Export Markets for Propene from Turkey in 2022:
- Greece (14.1K tons)
- Bulgaria (0.3K tons)
Propene Imports in Turkey
In 2022, imports of propene (propylene) into Turkey dropped remarkably to 3.4K tons, which is down by -31.4% on 2021 figures. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 809% against the previous year. As a result, imports reached the peak of 5K tons, and then declined remarkably in the following year.
In value terms, propene imports skyrocketed to $2M in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 76%.
| Import of Propene in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 2.0 | 0% |
| Spain | N/A | N/A | 1.6 | N/A | 0% |
| Azerbaijan | 2.8 | N/A | N/A | N/A | 0% |
| Italy | N/A | 0.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.8 | 0.9 | 1.6 | 2.0 | -10.6% |
Top Suppliers of Propene to Turkey in 2022:
- Italy (undefinedK tons)
- Russia (3.4K tons)
This report provides an in-depth analysis of the propene market 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 20141140 - Propene (propylene)
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
-
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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