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Turkey - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Jan 19, 2023

Synthetic Latex Rubber Price in Turkey Hits New Record of $1,514 per Ton

Turkey Synthetic Latex Rubber Import Price in September 2022

In September 2022, the synthetic latex rubber price stood at $1,514 per ton (CIF, Turkey), rising by 7.7% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in June 2022 when the average import price increased by 8.4% m-o-m. The import price peaked in September 2022.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($2,281 per ton), while the price for Iran ($1,109 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Turkey Synthetic Latex Rubber Imports

In September 2022, the amount of synthetic latex rubber imported into Turkey declined rapidly to 4.8K tons, shrinking by -27.4% against August 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when imports increased by 59% against the previous month. Over the period under review, imports hit record highs at 8.3K tons in March 2022; however, from April 2022 to September 2022, imports remained at a lower figure.

In value terms, synthetic latex rubber imports declined remarkably to $7.3M (IndexBox estimates) in September 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2022 with an increase of 50% against the previous month. Over the period under review, imports attained the maximum at 11K tons in March 2022; however, from April 2022 to September 2022, imports failed to regain momentum.

Turkey Synthetic Latex Rubber Imports by Country

Germany (1.7K tons), the Netherlands (1.2K tons) and Iran (510 tons) were the main suppliers of synthetic latex rubber imports to Turkey, with a combined 71% share of total imports. Italy, the United States, India and Belgium lagged somewhat behind, together comprising a further 20%.

From January 2022 to September 2022, the biggest increases were in the United States (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($2.4M), the Netherlands ($1.8M) and Italy ($735K) constituted the largest synthetic latex rubber suppliers to Turkey, with a combined 67% share of total imports. Iran, the United States, India and Belgium lagged somewhat behind, together accounting for a further 22%.

the United States, with a CAGR of +18.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Synthetic Latex Rubber Market Overview

Turkey is one of the world's leading producers of synthetic latex rubber. Synthetic latex rubber is used in a wide variety of products, including gloves, balloons, tires, and adhesives.

The Turkish synthetic latex rubber market is highly competitive, with a large number of local and foreign manufacturers operating in the country. Key players include Petkim Petrokimya Holding, Sabanci Holding, and Akpolimer Akrilik Kimya Sanayii.

Factors that are influencing the growth of the synthetic latex rubber market in Turkey include an increase in construction activity and government support for the automotive sector. In addition, rising disposable incomes and a growing population are also driving demand for synthetic latex rubber.

Turkey's synthetic latex rubber industry has grown significantly in recent years, due in part to the country's favorable location and low production costs. However, several factors have contributed to the industry's growth, including an increase in demand from developed countries and a growing domestic market. In addition, the Turkish government has been supportive of the industry, providing tax incentives and investing in research and development.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber 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 20171050 - Synthetic latex rubber

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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