Turkey - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Synthetic Rubber Price Stands at $2,579 per Ton
Turkey Synthetic Rubber Import Price in September 2022
In September 2022, the synthetic rubber price amounted to $2,579 per ton (CIF, Turkey), approximately equating the previous month. Over the period under review, the import price, however, showed a modest expansion. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 8.2% against the previous month. As a result, import price attained the peak level of $2,601 per ton, leveling off in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,792 per ton), while the price for the Netherlands ($2,188 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 Saudi Arabia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Turkey Synthetic Rubber Imports
In September 2022, supplies from abroad of synthetic rubber was finally on the rise to reach 35K tons for the first time since June 2022, thus ending a two-month declining trend. Overall, imports, however, saw a mild slump. The growth pace was the most rapid in March 2022 when imports increased by 21% against the previous month. Over the period under review, imports hit record highs at 47K tons in June 2022; however, from July 2022 to September 2022, imports failed to regain momentum.
In value terms, synthetic rubber imports amounted to $90M (IndexBox estimates) in September 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when imports increased by 18% month-to-month. Over the period under review, imports reached the maximum at 110K tons in June 2022; however, from July 2022 to September 2022, imports stood at a somewhat lower figure.
Turkey Synthetic Rubber Imports by Country
In September 2022, Russia (8.3K tons) constituted the largest synthetic rubber supplier to Turkey, accounting for a 24% share of total imports. Moreover, synthetic rubber imports from Russia exceeded the figures recorded by the second-largest supplier, South Korea (3.5K tons), twofold. The third position in this ranking was held by Germany (3.3K tons), with a 9.5% share.
From January 2022 to September 2022, the average monthly growth rate of volume from Russia totaled +5.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-2.7% per month) and Germany (+5.2% per month).
In value terms, Russia ($18M), South Korea ($10M) and Germany ($7.7M) appeared to be the largest synthetic rubber suppliers to Turkey, with a combined 40% share of total imports. These countries were followed by the United States, Taiwan (Chinese), China, Saudi Arabia, Japan, Italy, the Netherlands, Poland, the UK and France, which together accounted for a further 48%.
Poland, with a CAGR of +15.9%, recorded the highest rates of growth with regard to 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.
Factors Affecting Synthetic Rubber Prices
Factors that influence synthetic rubber prices in Turkey include global crude oil prices, domestic production costs, and demand from local industry. Crude oil is a key raw material for the production of synthetic rubber, and changes in its price can have a direct impact on synthetic rubber prices.
Production costs also play a role, as higher costs can lead to increases in synthetic rubber prices. Finally, local demand from industry can also impact prices, as higher demand can lead to shortages and price hikes.
This report provides an in-depth analysis of the synthetic 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
- Prodcom 20171090 - Synthetic rubber (excluding latex)
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
