The Price of Turkeys Heterocyclic Compound Drops Significantly to $35.8 per kg

Turkey Heterocyclic Compound Import Price in March 2023

In March 2023, the heterocyclic compound price amounted to $35,776 per ton (CIF, Turkey), reducing by -31.5% against the previous month. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in September 2022 an increase of 57% against the previous month. Over the period under review, average import prices reached the maximum at $66,479 per ton in May 2022; however, from June 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($127K per ton), while the price for China ($20,012 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced a decline.

Turkey Heterocyclic Compound Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts ($464K per ton), while the price for heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts ($35,256 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (+19.1%), while the prices for the other products experienced mixed trend patterns.

Turkey Heterocyclic Compound Imports

In March 2023, heterocyclic compound imports into Turkey skyrocketed to 342 tons, surging by 52% on the month before. Overall, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in November 2022 with an increase of 86% m-o-m.

In value terms, heterocyclic compound imports expanded modestly to $12M (IndexBox estimates) in March 2023. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 with an increase of 74% against the previous month.

Turkey Heterocyclic Compound Imports by Type

In March 2023, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts (341 tons) was the main type of heterocyclic compound supplied to Turkey, with a 100% share of total imports. It was followed by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (402 kg), with a 0.1% share of total imports. The third position in this ranking was taken by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (153 kg), with less than 0.1% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of import of heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts stood at +3.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts (-0.7% per month) and heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts (-23.4% per month).

In value terms, heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts ($12M) constituted the largest type of heterocyclic compound supplied to Turkey, comprising 98% of total imports. The second position in the ranking was held by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts ($187K), with a 1.5% share of total imports. It was followed by heterocyclic compounds; containing an unfused pyridine ring (whether or not hydrogenated) in the structure, pyridine and its salts, with a 0.1% share.

Turkey Heterocyclic Compound Imports by Country

In March 2023, China (263 tons) constituted the largest supplier of heterocyclic compound to Turkey, with a 77% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, India (37 tons), sevenfold. Germany (18 tons) ranked third in terms of total imports with a 5.3% share.

From March 2022 to March 2023, the average monthly growth rate of volume from China totaled +5.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-2.0% per month) and Germany (+3.0% per month).

In value terms, China ($5.3M), India ($4.7M) and Germany ($501K) constituted the largest heterocyclic compound suppliers to Turkey, together accounting for 85% of total imports. These countries were followed by Italy, which accounted for a further 2.2%.

Among the main suppliers, Italy, with a CAGR of +2.7%, recorded 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.

Source: IndexBox Market Intelligence Platform