Turkey: Other Chemical Products Market 2024

Other Chemical Products Market Size in Turkey

The Turkish other chemical products market expanded modestly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, recorded a noticeable reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Other Chemical Products Production in Turkey

In value terms, other chemical products production contracted to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Other Chemical Products Exports

Exports from Turkey

In 2016, overseas shipments of other chemical products decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

In value terms, other chemical products exports declined modestly to $X in 2016. The total export value increased at an average annual rate of X% from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015, and then dropped in the following year.

Exports by Country

Iraq (X tons), Russia (X tons) and Germany (X tons) were the main destinations of other chemical products exports from Turkey, together comprising X% of total exports. Iran, Ukraine, Greece, Saudi Arabia, Chile, Italy, South Korea, Bulgaria, Israel and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2016, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Turkey were Iraq ($X), Iran ($X) and Saudi Arabia ($X), together accounting for X% of total exports. Germany, Romania, Russia, South Korea, Ukraine, Greece, Bulgaria, Italy, Israel and Chile lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Chile, with a CAGR of X%, recorded 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 other chemical products export price stood at $X per ton in 2016, with an increase of X% against the previous year. Over the last four-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2016 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Turkey

In 2016, other chemical products imports into Turkey expanded notably to X tons, picking up by X% compared with 2015. The total import volume increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2016 and are likely to continue growth in the immediate term.

In value terms, other chemical products imports rose rapidly to $X in 2016. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2016, the growth of imports failed to regain momentum.

Imports by Country

In 2016, Germany (X tons) constituted the largest supplier of other chemical products to Turkey, accounting for a X% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2016, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Turkey, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Ireland, with an X% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, 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 Ireland ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2016, 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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