Turkey: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Turkey

The Turkish aromatic hydrocarbon mixtures market rose remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a perceptible decline. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Turkey

In value terms, aromatic hydrocarbon mixtures production rose notably to $X in 2022 estimated in export price. In general, production saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Turkey

For the fourth consecutive year, Turkey recorded growth in overseas shipments of naphthalene and other aromatic hydrocarbon mixtures, which increased by X% to X tons in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Latvia (X tons) and Belgium (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Turkey, with a combined X% share of total exports. The United States, Lithuania, Spain, France and Malta lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbon mixtures exported from Turkey were the Netherlands ($X), Latvia ($X) and Belgium ($X), together comprising X% of total exports. The United States, Lithuania, Spain, France and Malta lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 aromatic hydrocarbon mixtures export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malta ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Turkey

In 2022, purchases abroad of naphthalene and other aromatic hydrocarbon mixtures increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports skyrocketed to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Israel (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Turkey, accounting for a X% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Israel exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Israel amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Denmark (X% per year).

In value terms, Israel ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Turkey, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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