Turkey: Polyethylene Market Overview 2021

Polyethylene Market Size in Turkey

In 2020, the Turkish polyethylene market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Polyethylene consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Polyethylene Production in Turkey

In value terms, polyethylene production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2020, production growth remained at a somewhat lower figure.

Polyethylene Exports

Exports from Turkey

In 2020, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are likely to see steady growth in the immediate term.

In value terms, polyethylene exports skyrocketed to $X in 2020. Over the period under review, exports recorded a measured increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes), Greece (X tonnes) and Algeria (X tonnes) were the main destinations of polyethylene exports from Turkey, with a combined X% share of total exports. Israel, Italy, Libya, Egypt, Lebanon, Serbia, Georgia, Bulgaria, Azerbaijan and Germany lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya, while exports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), China ($X) and Greece ($X) were the largest markets for polyethylene exported from Turkey worldwide, with a combined X% share of total exports. Libya, Italy, Egypt, Israel, Germany, Serbia, Georgia, Azerbaijan, Bulgaria and Lebanon lagged somewhat behind, together comprising a further 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

The average polyethylene export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Israel ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Polyethylene Imports

Imports into Turkey

In 2020, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2019, and then contracted remarkably in the following year.

In value terms, polyethylene imports contracted significantly to $X in 2020. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Saudi Arabia (X tonnes), the U.S. (X tonnes) and Iran (X tonnes) were the main suppliers of polyethylene imports to Turkey, together comprising X% of total imports. These countries were followed by Qatar, Spain, India, Belgium, Azerbaijan, Singapore, Germany, South Korea, the Netherlands and Israel, which together accounted for a further X 2007 to 2020, the biggest increases were in Singapore (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene suppliers to Turkey were Saudi Arabia ($X), the U.S. ($X) and Iran ($X), together comprising X% of total imports. Spain, Germany, Qatar, Belgium, Azerbaijan, Singapore, India, South Korea, the Netherlands and Israel lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of 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 2020, the average polyethylene import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform