Turkey: Abs Copolymers Market 2024

Abs Copolymers Market Size in Turkey

In 2021, the Turkish ABS copolymers market increased by 80% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Exports

Exports from Turkey

In 2021, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exported from Turkey skyrocketed to X tons, surging by 167% compared with the previous year's figure. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 302% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Romania (X tons) and China (X tons) were the main destinations of ABS copolymers exports from Turkey, with a combined 52% share of total exports. These countries were followed by Spain, Germany, Pakistan, Azerbaijan, Serbia, Bulgaria, the Czech Republic, Russia and Iran, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +133.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Turkey, comprising 36% of total exports. The second position in the ranking was held by Romania ($X), with a 9.8% share of total exports. It was followed by Spain, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +137.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.4% per year) and Spain (+120.2% per year).

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, picking up by 74% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Turkey

For the third consecutive year, Turkey recorded growth in purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which increased by 32% to X tons in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports soared to $X in 2021. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest ABS copolymers supplier to Turkey, accounting for a 50% share of total imports. Moreover, ABS copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.9% per year) and Saudi Arabia (+58.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Turkey, comprising 51% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.7% per year) and Taiwan (Chinese) (+10.6% per year).

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, jumping by 68% against the previous year. Over the period under review, the import price continues to indicate slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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