Turkey: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Turkey

The Turkish market for unsaturated polyesters in primary forms contracted sharply to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a strong expansion. Unsaturated polyesters in primary forms consumption peaked at $X in 2021, and then declined rapidly in the following year.

Production of Unsaturated Polyesters In Primary Forms in Turkey

In value terms, unsaturated polyesters in primary forms production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Turkey

In 2022, the amount of unsaturated polyesters in primary forms exported from Turkey rose sharply to X tons, with an increase of X% against 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports surged to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons) was the main destination for unsaturated polyesters in primary forms exports from Turkey, with a X% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Iraq (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Iraq (X% per year).

In value terms, Spain ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Iraq (X% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Algeria ($X per ton), while the average price for exports to Egypt ($X per ton) and Germany ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Turkey

In 2022, approx. X tons of unsaturated polyesters in primary forms were imported into Turkey; jumping by X% compared with 2021 figures. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and France (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Turkey, with a combined X% share of total imports. Germany, India, the UK, Iran, Slovenia, the Netherlands and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United Arab Emirates ($X), Italy ($X) and the UK ($X) appeared to be the largest unsaturated polyesters in primary forms suppliers to Turkey, with a combined X% share of total imports. Germany, France, India, Slovenia, Iran, the Netherlands and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform