Turkey: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Turkey

In 2020, the Turkish acyclic hydrocarbons market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Acyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Turkey

In value terms, acyclic hydrocarbons production dropped significantly to $X in 2020 estimated in export price. Overall, production showed a mild contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Acyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain momentum.

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Acyclic Hydrocarbons Exports

Exports from Turkey

In 2020, approx. X tons of acyclic hydrocarbons were exported from Turkey; which is down by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons exports fell markedly to $X in 2020. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Italy (X tons) and China (X tons) were the main destinations of acyclic hydrocarbons exports from Turkey, together accounting for X% of total exports. Portugal, Spain, Romania, Thailand, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X,933.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) remains the key foreign market for acyclic hydrocarbons exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Ukraine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and China (X% per year).

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Turkey

In 2020, purchases abroad of acyclic hydrocarbons decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports dropped slightly to $X in 2020. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the UK (X tons) constituted the largest supplier of acyclic hydrocarbons to Turkey, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Romania (X% per year).

In value terms, the largest acyclic hydrocarbons suppliers to Turkey were the UK ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. Belgium, the Netherlands, Romania, Belarus, Hungary, Spain and France lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, approximately reflecting the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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