Turkey - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey Sees Slight Increase in Plastic Bag Price to $2,669 per Ton
Turkey Plastic Bag Export Price in December 2022
In December 2022, the plastic bag price stood at $2,669 per ton (FOB, Turkey), with an increase of 1.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average export price increased by 7.8% against the previous month. Over the period under review, the average export prices hit record highs at $2,871 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($3,979 per ton), while the average price for exports to Israel ($1,966 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Plastic Bag Export Prices by Type
Average prices varied somewhat for the major types of exported product. In December 2022, the product with the highest price was plastics ($3,622 per ton), while the average price for exports of sacks and bags of polymers of ethylene stood at $2,462 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for the following types: plastics; sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers (+0.7%).
Turkey Plastic Bag Exports
In December 2022, the amount of plastic sacks and bags exported from Turkey amounted to 20K tons, picking up by 5% against November 2022 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 with an increase of 39% m-o-m. Over the period under review, the exports hit record highs at 22K tons in March 2022; however, from April 2022 to December 2022, the exports failed to regain momentum.
In value terms, plastic bag exports rose significantly to $54M (IndexBox estimates) in December 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when exports increased by 38% m-o-m. The exports peaked at 60K tons in April 2022; however, from May 2022 to December 2022, the exports remained at a lower figure.
Turkey Plastic Bag Exports by Type
Sacks and bags of polymers of ethylene (17K tons) was the largest type of plastic bag exported from Turkey, with a 82% share of total exports. Moreover, sacks and bags of polymers of ethylene exceeded the volume of the second product type, plastics (3.6K tons), fivefold.
From December 2021 to December 2022, the average monthly growth rate of the volume of export of sacks and bags of polymers of ethylene was relatively modest.
In value terms, sacks and bags of polymers of ethylene ($41M) remains the largest type of plastic bag exported from Turkey, comprising 76% of total exports. The second position in the ranking was held by plastics ($13M), with a 24% share of total exports.
From December 2021 to December 2022, the average monthly growth rate of the export volume of sacks and bags of polymers of ethylene was relatively modest.
Turkey Plastic Bag Exports by Country
The UK (6.3K tons) was the main destination for plastic bag exports from Turkey, accounting for a 31% share of total exports. Moreover, plastic bag exports to the UK exceeded the volume sent to the second major destination, Israel (2.9K tons), twofold. The third position in this ranking was taken by Germany (2.3K tons), with an 11% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Israel (-0.8% per month) and Germany (-0.0% per month).
In value terms, the largest markets for plastic bag exported from Turkey were the UK ($13M), Germany ($7.7M) and Israel ($5.8M), together comprising 48% of total exports. These countries were followed by the United States, the Netherlands, France, Iraq, Greece, Sweden, Georgia, Belgium, Ireland and Spain, which together accounted for a further 26%.
Among the main countries of destination, Georgia, with a CAGR of +7.1%, 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.
Turkey Takes Action Against Plastic Pollution
Plastic bags have become a major global issue, contributing to pollution and harming wildlife. Turkey is among the top countries in the world in terms of plastic waste, with an estimated 31,000 tons of plastic waste generated each day. Turkey hopes to encourage citizens and companies to switch to more sustainable alternatives, such as reusable bags. This decision has been widely supported by environmental organizations and government officials, who believe that it will have a significant and positive impact on the country's overall environmental health. As Turkey continues to prioritize sustainable practices, it is likely that we will see more measures like this in the future.
This report provides an in-depth analysis of the plastic bag 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 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
