
Turkey - Diphosphorus Pentaoxide - Market Analysis, Forecast, Size, Trends and Insights
Turkey: Diphosphorus Pentaoxide Market 2023
Diphosphorus Pentaoxide Market Size in Turkey
The Turkish diphosphorus pentaoxide market soared to $X in 2021, jumping by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Diphosphorus Pentaoxide Exports
Exports from Turkey
Diphosphorus pentaoxide exports from Turkey totaled X tons in 2021, with an increase of 5.6% against the previous year. In general, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 1,975%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, diphosphorus pentaoxide exports stood at $X in 2021. Over the period under review, exports recorded a noticeable increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,563%. The exports peaked in 2021 and are likely to see gradual growth in years to come.
Exports by Country
Egypt (X tons) was the main destination for diphosphorus pentaoxide exports from Turkey, with a 64% share of total exports. Moreover, diphosphorus pentaoxide exports to Egypt exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-0.4% per year) and Algeria (0.0% per year).
In value terms, Egypt ($X) remains the key foreign market for diphosphorus pentaoxide exports from Turkey, comprising 70% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 21% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Egypt amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+5.7% per year) and Algeria (0.0% per year).
Export Prices by Country
The average diphosphorus pentaoxide export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diphosphorus pentaoxide export price increased by +66.8% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Diphosphorus Pentaoxide Imports
Imports into Turkey
In 2021, the amount of diphosphorus pentaoxide imported into Turkey dropped modestly to X tons, which is down by -2.3% against 2020. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.4% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 58%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.
In value terms, diphosphorus pentaoxide imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
China (X tons), Germany (X tons) and France (X tons) were the main suppliers of diphosphorus pentaoxide imports to Turkey, with a combined 99% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +7.5%), while imports for the other leaders experienced mixed trend patterns.
In value terms, China ($X), Germany ($X) and France ($X) constituted the largest diphosphorus pentaoxide suppliers to Turkey, with a combined 99% share of total imports.
China, with a CAGR of +10.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Import Prices by Country
The average diphosphorus pentaoxide import price stood at $X per ton in 2021, picking up by 60% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diphosphorus pentaoxide import price increased by +72.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the diphosphorus pentaoxide 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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