
Turkey - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Amino Resin Price Drops 2%, Averaging $2,281 per Ton
Turkey Amino Resin Import Price in January 2023
In January 2023, the amino resin price stood at $2,281 per ton (CIF, Turkey), declining by -2.4% against the previous month. Overall, the import price saw a slight reduction. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 5.7% against the previous month. The import price peaked at $2,874 per ton in January 2022; however, from February 2022 to January 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Italy ($3,163 per ton), while the price for Saudi Arabia ($1,940 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
COUNTRY | Import Price of Amino Resin in Turkey (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
Italy | 2,751 | 2,681 | 3,199 | 2,783 | 2,892 | 3,438 | 3,079 | 3,276 | 3,187 | 3,102 | 3,180 | 3,339 | 3,163 |
Germany | 3,064 | 2,937 | 2,725 | 2,610 | 2,515 | 2,571 | 2,834 | 2,927 | 3,001 | 3,140 | 3,084 | 3,352 | 2,920 |
Hungary | 2,988 | 3,030 | 2,919 | 2,928 | 2,831 | 2,873 | 2,708 | 2,512 | 2,495 | 2,364 | 2,541 | 2,712 | 2,761 |
Belgium | 2,998 | 2,890 | 2,746 | 2,704 | 2,753 | 2,755 | 2,710 | 2,693 | 2,569 | 2,540 | 2,714 | 2,768 | 2,755 |
South Korea | 3,116 | 3,163 | 2,820 | 2,728 | 2,776 | 2,955 | 3,079 | 2,846 | 2,657 | 2,505 | 2,409 | 2,640 | 2,450 |
Netherlands | 2,001 | 1,953 | 2,007 | 2,029 | 2,396 | 2,584 | 2,495 | 2,677 | 2,369 | 2,402 | 2,104 | 3,104 | 2,225 |
China | 2,968 | 2,962 | 2,991 | 2,536 | 2,950 | 2,793 | 2,623 | 2,261 | 2,231 | 2,165 | 2,065 | 2,130 | 2,204 |
Spain | 2,811 | 2,657 | 2,969 | 2,546 | 4,248 | 4,813 | 2,399 | 3,587 | 2,640 | 3,716 | 4,355 | 3,138 | 2,052 |
Saudi Arabia | N/A | 2,881 | 2,753 | 2,713 | 2,660 | 2,359 | 2,500 | 2,520 | 2,600 | 2,244 | 2,156 | 1,964 | 1,940 |
Average | 2,874 | 2,805 | 2,747 | 2,645 | 2,797 | 2,668 | 2,684 | 2,536 | 2,493 | 2,397 | 2,294 | 2,338 | 2,281 |
Turkey Amino Resin Imports
Amino resin imports into Turkey skyrocketed to 19K tons in January 2023, surging by 42% against the previous month. In general, total imports indicated a perceptible increase from January 2022 to January 2023: its volume increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +42.4% against December 2022 indices. The pace of growth was the most pronounced in June 2022 when imports increased by 79% month-to-month. As a result, imports reached the peak of 23K tons. From July 2022 to January 2023, the growth of imports remained at a somewhat lower figure.
In value terms, amino resin imports soared to $43M (IndexBox estimates) in January 2023. Over the period under review, total imports indicated a measured increase from January 2022 to January 2023: its value increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +38.9% against December 2022 indices. The growth pace was the most rapid in June 2022 when imports increased by 71% month-to-month. As a result, imports attained the peak of $62M. From July 2022 to January 2023, the growth of imports remained at a somewhat lower figure.
Turkey Amino Resin Imports by Country
China (5.5K tons), Saudi Arabia (3.8K tons) and the Netherlands (2K tons) were the main suppliers of amino resin imports to Turkey, together accounting for 60% of total imports. These countries were followed by Spain, South Korea, Belgium, Germany, Hungary and Italy, which together accounted for a further 36%.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest amino resin suppliers to Turkey were China ($12M), Saudi Arabia ($7.5M) and the Netherlands ($4.6M), together comprising 56% of total imports. South Korea, Spain, Belgium, Germany, Hungary and Italy lagged somewhat behind, together comprising a further 40%.
Spain, with a CAGR of +23.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the amino resin market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024