Turkey: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Turkey

In 2022, the Turkish phosphinates and phosphonates market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in Turkey

In value terms, phosphinates and phosphonates production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Phosphinates and phosphonates production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports from Turkey

In 2022, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports expanded notably to $X in 2022. In general, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Iran (X tons) and Russia (X tons) were the main destinations of phosphinates and phosphonates exports from Turkey, together accounting for X% of total exports. Qatar, Egypt, Iraq, Libya, Kazakhstan, France, Morocco, Oman, Azerbaijan and Bangladesh lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Russia ($X) and Iran ($X) constituted the largest markets for phosphinates and phosphonates exported from Turkey worldwide, together accounting for X% of total exports. Egypt, Kazakhstan, Libya, France, Morocco, Azerbaijan, Qatar, Bangladesh, Iraq and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Kazakhstan, 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 phosphinates and phosphonates export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Phosphinates And Phosphonates Imports

Imports into Turkey

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were imported into Turkey; rising by X% on the previous year's figure. In general, imports recorded measured growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. 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 phosphinates and phosphonates supplier to Turkey, with a X% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Saudi Arabia (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Saudi Arabia (X% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Turkey, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Saudi Arabia, 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: India (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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