Turkey - Sulphates (Excluding Those Of Aluminium And Barium) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSulphates Price in Turkey - 2023
Contents:
- Sulphates Price in Turkey (FOB) - 2023
- Sulphates Price in Turkey (CIF) - 2022
- Sulphates Exports in Turkey
- Sulphates Imports in Turkey
Sulphates Price in Turkey (FOB) - 2023
The average sulphates export price stood at $404 per ton in July 2023, falling by -4.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 89% month-to-month. The export price peaked at $701 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Cuba ($1,798 per ton), while the average price for exports to Lebanon ($98.0 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 Angola (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates Price in Turkey (CIF) - 2022
In 2022, the average sulphates import price amounted to $548 per ton, waning by -30.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 94%. As a result, import price reached the peak level of $792 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uzbekistan ($2,360 per ton), while the price for Russia ($187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates Exports in Turkey
In 2022, sulphates exports from Turkey skyrocketed to 191K tons, jumping by 53% on the previous year's figure. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates exports soared to $109M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Sulphates in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 5.4 | 7.2 | 5.9 | 9.8 | 22.0% |
| Portugal | 5.8 | 3.1 | 8.4 | 7.7 | 9.9% |
| Spain | 3.3 | 4.3 | 6.8 | 7.4 | 30.9% |
| United Kingdom | 4.5 | 2.5 | 6.9 | 6.8 | 14.8% |
| Algeria | 0.4 | N/A | 0.1 | 3.7 | 109.9% |
| Canada | 1.4 | 1.4 | 1.3 | 3.4 | 34.4% |
| Cote d'Ivoire | 0.9 | 0.5 | 0.1 | 1.1 | 6.9% |
| Australia | 11.7 | 0.1 | 0.1 | 1.0 | -56.0% |
| Angola | 0.2 | 0.5 | 0.3 | 1.0 | 71.0% |
| United States | 0.1 | 0.3 | 0.1 | 0.9 | 108.0% |
| Bulgaria | 1.9 | 0.8 | 0.7 | 0.9 | -22.0% |
| Lebanon | 0.7 | 1.2 | 0.7 | 0.8 | 4.6% |
| Others | 36.2 | 36.6 | 54.9 | 64.4 | 21.2% |
| Total | 72.6 | 58.6 | 86.4 | 109 | 14.5% |
Top Export Markets for Sulphates from Turkey in 2022:
- Egypt (65.0K tons)
- Algeria (27.7K tons)
- Canada (10.4K tons)
- Angola (7.3K tons)
- Bulgaria (5.2K tons)
- Cote d'Ivoire (5.0K tons)
- Lebanon (4.6K tons)
- Spain (4.4K tons)
- United Kingdom (3.9K tons)
- United States (3.8K tons)
- Portugal (3.0K tons)
- Australia (0.9K tons)
Sulphates Imports in Turkey
Sulphates imports into Turkey soared to 85K tons in 2022, jumping by 85% compared with 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates imports skyrocketed to $46M in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Sulphates in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 8.7 | 4.3 | 15.5 | 32.3% |
| Germany | 3.2 | 4.1 | 6.1 | 7.7 | 34.0% |
| Russia | 0.2 | 0.6 | 0.5 | 5.0 | 192.4% |
| Uzbekistan | N/A | 0.5 | 14.4 | 4.3 | 193.3% |
| India | 2.6 | 2.1 | 1.3 | 1.4 | -18.6% |
| Spain | 1.3 | 2.1 | 0.4 | 1.2 | -2.6% |
| Others | 5.7 | 6.9 | 9.2 | 11.2 | 25.3% |
| Total | 19.7 | 24.8 | 36.2 | 46.3 | 33.0% |
Top Suppliers of Sulphates to Turkey in 2022:
- China (34.9K tons)
- Russia (26.5K tons)
- Germany (15.4K tons)
- Spain (2.1K tons)
- Uzbekistan (1.8K tons)
- India (0.8K tons)
This report provides an in-depth analysis of the sulphates 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 20134157 - Sulphates (excluding those of aluminium and barium)
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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