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Turkey - Carbonates And Peroxocarbonates - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Carbonates And Peroxocarbonates - Market Analysis, Forecast, Size, Trends and Insights

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Oct 9, 2023

Sharp Decline in Turkey's Carbonate Export to $108M in July 2023

Turkey Carbonate Exports

After two months of growth, shipments abroad of carbonates and peroxocarbonates decreased by -8.7% to 438K tons in July 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when exports increased by 36% month-to-month.

In value terms, carbonate exports dropped remarkably to $108M (IndexBox estimates) in July 2023. Overall, exports recorded a slight descent. The most prominent rate of growth was recorded in December 2022 with an increase of 30% against the previous month. Turkey Carbonate Exports By Country (Million USD)

COUNTRYExport Value of Carbonate in Turkey (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Italy15.57.215.710.15.113.816.98.012.915.18.112.215.9
Spain9.415.316.325.720.128.315.618.17.413.918.412.59.2
Egypt13.912.69.77.119.611.910.39.813.28.59.98.97.4
Brazil12.615.123.335.516.022.317.51.714.13.39.511.07.3
United Kingdom7.87.63.713.513.719.88.514.46.15.110.00.36.7
Belgium4.54.17.74.96.28.38.35.86.59.56.74.71.4
ChinaN/AN/AN/AN/AN/AN/AN/A12.24.615.2N/AN/AN/A
Others60.294.786.648.559.878.851.396.310460.688.214559.7
Total124157163145141183128166169131151195108

Exports by Country

Italy (53K tons), Brazil (38K tons) and Spain (34K tons) were the main destinations of carbonate exports from Turkey, with a combined 28% share of total exports.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of -0.2%), while the other leaders experienced a decline.

In value terms, the largest markets for carbonate exported from Turkey were Italy ($16M), Spain ($9.2M) and Egypt ($7.4M), together accounting for 30% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +0.2%, 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 a decline.

Exports by Type

Sodium carbonate (336K tons) was the largest type of carbonate exported from Turkey, accounting for a 77% share of total exports. Moreover, sodium carbonate exceeded the volume of the second product type, calcium carbonate (51K tons), sevenfold. The third position in this ranking was held by baking soda (49K tons), with an 11% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of sodium carbonate was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: calcium carbonate (+6.9% per month) and baking soda (+2.3% per month).

In value terms, sodium carbonate ($87M) remains the largest type of carbonate exported from Turkey, comprising 81% of total exports. The second position in the ranking was taken by baking soda ($14M), with a 13% share of total exports. It was followed by calcium carbonate, with a 4.3% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of sodium carbonate amounted to -1.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: baking soda (+0.3% per month) and calcium carbonate (+5.2% per month).

Export Prices by Country

In July 2023, the carbonate price stood at $246 per ton (FOB, Turkey), shrinking by -39.5% against the previous month. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 28% m-o-m. As a result, the export price reached the peak level of $406 per ton, and then dropped sharply in the following month.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Italy ($301 per ton), while the average price for exports to Russia ($97.0 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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