Turkey: Propellant Powders Market 2024

Propellant Powders Market Size in Turkey

The Turkish propellant powders market shrank modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Propellant Powders Production in Turkey

In value terms, propellant powders production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Propellant Powders Exports

Exports from Turkey

After five years of decline, shipments abroad of propellant powders increased by X% to X tons in 2022. Overall, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for propellant powders exports from Turkey, accounting for a X% share of total exports. Moreover, propellant powders exports to Cyprus exceeded the volume sent to the second major destination, Georgia (X tons), eightfold. Romania (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Romania (X% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for propellant powders exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with an X% share of total exports. It was followed by Kenya, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Kenya (X% per year).

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Kenya ($X per ton), while the average price for exports to Georgia ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (X%), while the prices for the other major destinations experienced mixed trend patterns.

Propellant Powders Imports

Imports into Turkey

In 2022, overseas purchases of propellant powders increased by X% to X tons, rising for the third year in a row after four years of decline. In general, total imports indicated a tangible increase from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, propellant powders imports expanded rapidly to $X in 2022. Over the period under review, total imports 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Serbia (X tons) and Iran (X tons) were the main suppliers of propellant powders imports to Turkey, with a combined X% share of total imports. Italy, Russia, the Czech Republic and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Serbia ($X) and Italy ($X) were the largest propellant powders suppliers to Turkey, with a combined X% share of total imports. Iran, Russia, the Czech Republic and Spain lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual 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 Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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