Turkey - Carbonates And Peroxocarbonates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's Carbonate Exports Decline to $1.5 Billion in 2023
Turkey Carbonate Exports
In 2023, overseas shipments of carbonates and peroxocarbonates decreased by -11.5% to 5.6M tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 450% against the previous year. Over the period under review, the exports attained the maximum at 6.4M tons in 2022, and then dropped in the following year.
In value terms, carbonate exports reduced to $1.5B (IndexBox estimates) in 2023. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 905%. Over the period under review, the exports attained the peak figure at $1.6B in 2022, and then dropped in the following year.
| COUNTRY | Export Value of Carbonate in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Italy | N/A | N/A | 51.6 | 50.2 | 58.8 | 72.0 | 78.6 | 77.0 | 78.7 | 124 | 134 |
| Spain | N/A | N/A | 43.3 | 50.3 | 39.7 | 70.8 | 85.4 | 81.6 | 84.5 | 188 | 132 |
| Egypt | 0.6 | 0.2 | 46.8 | 40.9 | 44.5 | 51.8 | 70.4 | 61.3 | 62.9 | 137 | 101 |
| Brazil | 0.1 | 0.1 | 0.4 | 3.3 | 21.1 | 48.2 | 59.0 | 53.7 | 63.4 | 205 | 89.3 |
| Netherlands | N/A | N/A | 11.7 | 15.4 | 9.2 | 29.7 | 46.0 | 27.1 | 43.2 | 101 | 84.1 |
| India | N/A | N/A | 5.0 | 2.4 | 13.3 | 40.3 | 46.2 | 15.1 | 17.9 | 35.5 | 76.9 |
| China | N/A | N/A | N/A | 0.2 | 1.6 | 1.4 | 10.2 | 14.2 | 16.7 | 0.6 | 71.6 |
| United Kingdom | N/A | N/A | 30.0 | 23.2 | 25.4 | 40.7 | 56.2 | 43.7 | 52.3 | 101 | 66.7 |
| Belgium | N/A | N/A | 16.7 | 22.0 | 16.1 | 40.7 | 41.1 | 40.3 | 43.5 | 62.8 | 65.4 |
| Others | 32.5 | 31.5 | 114 | 112 | 192 | 320 | 406 | 395 | 409 | 664 | 696 |
| Total | 33.2 | 31.8 | 320 | 320 | 422 | 716 | 899 | 809 | 872 | 1,618 | 1,517 |
Exports by Country
Italy (424K tons), Spain (421K tons) and China (360K tons) were the main destinations of carbonate exports from Turkey, together accounting for 21% of total exports. India, Brazil, Egypt, the Netherlands, Belgium and the UK lagged somewhat behind, together comprising a further 30%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +291.5%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for carbonate exported from Turkey were Italy ($134M), Spain ($132M) and Egypt ($101M), with a combined 24% share of total exports. Brazil, the Netherlands, India, China, the UK and Belgium lagged somewhat behind, together accounting for a further 30%.
In terms of the main countries of destination, Belgium, with a CAGR of +252.9%, 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.
Exports by Type
Sodium carbonate (4.7M tons) was the largest type of carbonates and peroxocarbonates exported from Turkey, with a 83% share of total exports. Moreover, sodium carbonate exceeded the volume of the second product type, baking soda (512K tons), ninefold. Calcium carbonate (418K tons) ranked third in terms of total exports with a 7.4% share.
From 2013 to 2023, the average annual growth rate of the volume of sodium carbonate exports totaled +135.5%. With regard to the other exported products, the following average annual rates of growth were recorded: baking soda (+11.7% per year) and calcium carbonate (+3.6% per year).
In value terms, sodium carbonate ($1.3B) remains the largest type of carbonates and peroxocarbonates exported from Turkey, comprising 85% of total exports. The second position in the ranking was held by baking soda ($158M), with a 10% share of total exports. It was followed by calcium carbonate, with a 3% share.
From 2013 to 2023, the average annual growth rate of the value of sodium carbonate exports amounted to +122.5%. With regard to the other exported products, the following average annual rates of growth were recorded: baking soda (+16.3% per year) and calcium carbonate (+3.7% per year).
Export Prices by Country
In 2023, the carbonate price amounted to $269 per ton (FOB, Turkey), surging by 5.9% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2015 an increase of 83%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($338 per ton), while the average price for exports to Russia ($126 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the carbonate 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 20134310 - Disodium carbonate
- Prodcom 20134320 - Sodium hydrogencarbonate (sodium bicarbonate)
- Prodcom 20134340 - Calcium carbonate
- Prodcom 20134390 - Other carbonates
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
