Turkey: Lysine Market 2024

Lysine Market Size in Turkey

In 2022, the Turkish lysine market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lysine consumption peaked in 2022 and is expected to retain growth in the near future.

Lysine Production in Turkey

In value terms, lysine production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Lysine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports from Turkey

For the third consecutive year, Turkey recorded decline in overseas shipments of lysine and its esters, and salts thereof, which decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lysine exports declined slightly to $X in 2022. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Azerbaijan (X tons) was the main destination for lysine exports from Turkey, accounting for a X% share of total exports. Moreover, lysine exports to Azerbaijan exceeded the volume sent to the second major destination, Russia (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Jordan (X% per year).

In value terms, the largest markets for lysine exported from Turkey were Azerbaijan ($X), Russia ($X) and Jordan ($X), together comprising X% of total exports.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Turkey

In 2022, overseas purchases of lysine and its esters, and salts thereof increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lysine imports surged to $X in 2022. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest lysine supplier to Turkey, accounting for a X% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Turkey, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average lysine import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Indonesia ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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