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

Turkey - Unvulcanized Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Sep 17, 2023

Turkey Sees a Significant Drop in the Price of Rubber, Now at $2,928 per Ton

Turkey Unvulcanized Rubber Export Price in July 2023

In July 2023, the unvulcanized rubber price stood at $2,928 per ton (FOB, Turkey), almost unchanged from the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 7.1% against the previous month. As a result, the export price reached the peak level of $3,235 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Russia ($5,107 per ton), while the average price for exports to Belarus ($2,397 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Unvulcanized Rubber Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Unvulcanized Rubber in Turkey (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Russia4,7163,7813,9375,2335,1157,2294,8095,8246,2526,1795,7626,5545,107
Germany4,0143,3233,7943,1854,0013,8593,8203,1533,2334,0873,8983,5724,008
Iran2,9193,2123,0593,1443,1933,0073,5182,9083,4452,5513,7643,0423,915
China3,0083,0732,8983,0513,3813,1053,3253,2723,4393,3603,4113,4413,425
Italy2,4722,6422,9452,2482,4482,5472,9062,7182,8152,8592,9762,9572,982
Mexico2,4472,3662,6142,4972,6862,3792,9502,5352,7843,1843,0652,6192,570
Belarus2,4202,4282,4522,4022,4502,8542,7302,8272,8743,0682,8352,6872,397
Average2,7692,7192,8282,8722,8952,9933,1012,9163,0203,2353,0602,9472,928

Turkey Unvulcanized Rubber Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In July 2023, the product with the highest price was plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber ($3,928 per ton), while the average price for exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip ($2,381 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (+1.5%), while the prices for the other products experienced a decline.

Turkey Unvulcanized Rubber Exports

After two months of growth, shipments abroad of unvulcanized rubber and articles thereof decreased by -11.6% to 5.5K tons in July 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 24% month-to-month.

In value terms, unvulcanized rubber exports contracted to $16M (IndexBox estimates) in July 2023. The total export value increased at an average monthly rate of +1.2% over the period from July 2022 to July 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2023 when exports increased by 23% m-o-m. As a result, the exports attained the peak of $20M. From April 2023 to July 2023, the growth of the exports remained at a lower figure.

Turkey Unvulcanized Rubber Exports by Type

Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (3.5K tons), plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (1.9K tons) and rubber (90 tons) were the main products of unvulcanized rubber exports from Turkey, with a combined 99% share of total exports.

From July 2022 to July 2023, the biggest increases were in compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (with a CAGR of +0.9%), while shipments for the other products experienced mixed trend patterns.

In value terms, compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip ($8.4M), plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber ($7.3M) and rubber ($336K) appeared to be the most exported types of unvulcanized rubber and articles thereof from Turkey worldwide, with a combined 99% share of total exports.

In terms of the main product categories, plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber, with a CAGR of +2.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

Turkey Unvulcanized Rubber Exports by Country

Mexico (589 tons), Belarus (421 tons) and Italy (323 tons) were the main destinations of unvulcanized rubber exports from Turkey, together accounting for 24% of total exports. Germany, Romania, the UK, China, Egypt, Israel, Algeria, Russia, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 35%.

From July 2022 to July 2023, the biggest increases were in the UK (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanized rubber exported from Turkey were Mexico ($1.5M), Germany ($1.3M) and Belarus ($1M), together comprising 24% of total exports. Italy, Russia, Romania, China, the UK, the Czech Republic, Israel, Egypt, Algeria and the Netherlands lagged somewhat behind, together comprising a further 36%.

the UK, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unvulcanized 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 22192013 - Rubber compounded with carbon black or silica, unvulcanised
  • Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
  • Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
  • Prodcom 22192050 - Vulcanised rubber thread and cord
  • Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
  • Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
  • Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
  • Prodcom 22192087 - Extruded solid rubber rods and profiles

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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