Turkey: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Turkey

In 2022, the Turkish organo-sulphur compound market increased by X% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Organo-sulphur compound consumption peaked in 2022 and is expected to retain growth in the near future.

Organo-Sulphur Compound Production in Turkey

In value terms, organo-sulphur compound production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Organo-sulphur compound production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Organo-Sulphur Compound Exports

Exports from Turkey

In 2022, exports of organo-sulphur compounds from Turkey soared to X tons, with an increase of X% compared with 2021. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, organo-sulphur compound exports surged to $X in 2022. Overall, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Azerbaijan (X tons) was the main destination for organo-sulphur compound exports from Turkey, accounting for a X% share of total exports. Moreover, organo-sulphur compound exports to Azerbaijan exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was held by Iran (X tons), with a X% share.

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

In value terms, Azerbaijan ($X), Russia ($X) and Iran ($X) constituted the largest markets for organo-sulphur compound exported from Turkey worldwide, together comprising X% of total exports. Egypt, Georgia, Germany, Uzbekistan, Kyrgyzstan, Iraq and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average organo-sulphur compound export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

Organo-Sulphur Compound Imports

Imports into Turkey

In 2022, overseas purchases of organo-sulphur compounds increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, organo-sulphur compound imports skyrocketed to $X in 2022. The total import 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 throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of organo-sulphur compound imports to Turkey, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds to Turkey, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average organo-sulphur compound import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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