Turkey - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSeptember 2023 Sees Turkey's Styrene Imports Surge to $68M
Turkey Styrene Imports
In September 2023, supplies from abroad of styrene increased by 61% to 50K tons for the first time since June 2023, thus ending a two-month declining trend. Over the period under review, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in November 2022 with an increase of 118% against the previous month.
In value terms, styrene imports skyrocketed to $68M (IndexBox estimates) in September 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when imports increased by 124% m-o-m.
| COUNTRY | Import Value of Styrene in Turkey (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| Saudi Arabia | 28.8 | 7.7 | 36.9 | N/A | 29.6 | 32.2 | 8.1 | 26.9 | 16.7 | 24.4 | 12.0 | 24.9 | 20.0 |
| Spain | 16.8 | 8.2 | 13.8 | 20.3 | 18.3 | 9.6 | 16.5 | N/A | 16.6 | 20.6 | 26.2 | 7.1 | 12.9 |
| South Korea | N/A | 2.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.3 |
| United States | N/A | < 0.1 | N/A | 14.2 | N/A | 9.0 | 15.1 | 25.1 | 22.6 | 11.2 | 16.5 | 5.6 | 10.0 |
| Taiwan (Chinese) | N/A | 6.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.2 |
| Kuwait | N/A | N/A | 4.9 | 6.5 | 4.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| China | 15.7 | N/A | N/A | < 0.1 | N/A | 11.3 | 2.4 | N/A | 2.6 | N/A | N/A | N/A | N/A |
| Others | 11.6 | 4.5 | 9.9 | 9.4 | 2.1 | 5.3 | 9.2 | 13.4 | 5.5 | 5.7 | 9.7 | 0.5 | 5.4 |
| Total | 73.0 | 29.2 | 65.5 | 50.3 | 54.9 | 67.4 | 51.4 | 65.4 | 64.1 | 61.9 | 64.4 | 38.2 | 67.7 |
Imports by Country
Saudi Arabia (13K tons), Spain (9.3K tons) and South Korea (8.5K tons) were the main suppliers of styrene imports to Turkey, together comprising 63% of total imports. Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 28%.
From September 2022 to September 2023, the biggest increases were in the United States (with a CAGR of +206.6%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($20M), Spain ($13M) and South Korea ($10M) were the largest styrene suppliers to Turkey, together accounting for 64% of total imports. The United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 28%.
In terms of the main suppliers, the United States, with a CAGR of +208.8%, saw 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.
Import Prices by Country
In September 2023, the styrene price stood at $1,364 per ton (CIF, Turkey), surging by 9.8% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in August 2023 when the average import price increased by 19% m-o-m. Over the period under review, average import prices reached the maximum in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Saudi Arabia ($1,483 per ton) and the United States ($1,430 per ton), while the price for South Korea ($1,207 per ton) and Russia ($1,216 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the styrene 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 20141250 - Styrene
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
