Turkey: Polycarbonate Market 2024

Polycarbonate Market Size in Turkey

In 2022, the Turkish polycarbonate market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Polycarbonate Production in Turkey

In value terms, polycarbonate production declined markedly to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Polycarbonate Exports

Exports from Turkey

In 2022, approx. X tons of polycarbonates (in primary forms) were exported from Turkey; with an increase of X% on 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polycarbonate exports soared to $X in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons), Uzbekistan (X tons) and Russia (X tons) were the main destinations of polycarbonate exports from Turkey, together comprising X% of total exports. Iran, Egypt, Latvia, Germany, Italy and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Israel ($X), Uzbekistan ($X) and Egypt ($X) appeared to be the largest markets for polycarbonate exported from Turkey worldwide, with a combined X% share of total exports. Russia, Iran, Latvia, Germany, Italy and Bulgaria lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of 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 polycarbonate export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while the average price for exports to Germany ($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 Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Polycarbonate Imports

Imports into Turkey

In 2022, the amount of polycarbonates (in primary forms) imported into Turkey expanded slightly to X tons, growing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, polycarbonate imports expanded sharply to $X in 2022. Overall, total imports indicated temperate 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of polycarbonate imports to Turkey, together comprising X% of total imports. The Netherlands, China, Spain, Russia and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest polycarbonate suppliers to Turkey were South Korea ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Saudi Arabia, China, Spain, Belgium and Russia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform