Turkey - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Turkey - 2023
Contents:
- Styrene Price in Turkey (CIF) - 2023
- Styrene Price in Turkey (FOB) - 2023
- Styrene Imports in Turkey
- Styrene Exports in Turkey
Styrene Price in Turkey (CIF) - 2023
In September 2023, the average styrene import price amounted to $1,364 per ton, growing by 9.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in August 2023 when the average import price increased by 19% against the previous month. The import price peaked in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Saudi Arabia ($1,483 per ton) and the United States ($1,430 per ton), while the price for South Korea ($1,207 per ton) and Russia ($1,216 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Styrene Price in Turkey (FOB) - 2023
The average styrene export price stood at $1,440 per ton in September 2023, picking up by 13% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 14% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,533 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($1,722 per ton), while the average price for exports to Uzbekistan ($900 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 Belarus (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Styrene Imports in Turkey
In 2022, overseas purchases of styrene decreased by -6.8% to 596K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of 640K tons, and then dropped in the following year.
In value terms, styrene imports expanded slightly to $920M in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 137% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Styrene in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 151 | 155 | 226 | 306 | 26.5% |
| Spain | 122 | 96.2 | 241 | 205 | 18.9% |
| China | N/A | N/A | 71.0 | 127 | 78.9% |
| Russia | 5.2 | 16.8 | 8.8 | 52.5 | 116.1% |
| Netherlands | 40.6 | 41.8 | 112 | 46.8 | 4.9% |
| Kuwait | 27.1 | 0.4 | 24.3 | 46.7 | 19.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | 42.9 | 0% |
| United States | 66.7 | 61.5 | 183 | 42.9 | -13.7% |
| France | 37.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 16.4 | 50.5 | 207.9% |
| Total | 450 | 372 | 883 | 920 | 26.9% |
Top Suppliers of Styrene to Turkey in 2022:
- Saudi Arabia (193.4K tons)
- Spain (132.5K tons)
- China (73.9K tons)
- Russia (39.7K tons)
- United States (31.3K tons)
- Kuwait (31.1K tons)
- Netherlands (30.8K tons)
- Taiwan (Chinese) (30.4K tons)
Styrene Exports in Turkey
In 2022, the amount of styrene exported from Turkey skyrocketed to 32K tons, rising by 119% against the previous year's figure. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, styrene exports soared to $54M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 231%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Styrene in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 16.9 | 0% |
| Denmark | N/A | N/A | N/A | 8.0 | 0% |
| Switzerland | N/A | N/A | N/A | 5.9 | 0% |
| Belgium | N/A | N/A | 3.9 | 5.6 | 43.6% |
| Egypt | 1.7 | 1.2 | 6.7 | 5.0 | 43.3% |
| Iran | N/A | N/A | 0.1 | 3.7 | 3600.0% |
| Bulgaria | 1.1 | 1.0 | 4.0 | 3.3 | 44.2% |
| Greece | 2.8 | 0.1 | 0.8 | 1.4 | -20.6% |
| Uzbekistan | 1.4 | 0.1 | 0.8 | 0.6 | -24.6% |
| China | 3.8 | N/A | N/A | N/A | 0% |
| India | 6.1 | 3.2 | N/A | N/A | -47.5% |
| United States | N/A | N/A | 3.3 | N/A | 0% |
| Others | 2.3 | 1.0 | 2.3 | 4.0 | 20.3% |
| Total | 19.1 | 6.6 | 21.8 | 54.4 | 41.7% |
Top Export Markets for Styrene from Turkey in 2022:
- Netherlands (9.1K tons)
- Denmark (4.8K tons)
- Switzerland (3.8K tons)
- Egypt (3.1K tons)
- Belgium (3.0K tons)
- Iran (2.5K tons)
- Bulgaria (2.1K tons)
- Greece (0.9K tons)
- Uzbekistan (0.3K tons)
This report provides an in-depth analysis of the styrene 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 20141250 - Styrene
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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