Turkey: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Turkey

The Turkish ammonia in aqueous solution market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed prominent growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Ammonia In Aqueous Solution in Turkey

In value terms, ammonia in aqueous solution production rose sharply to $X in 2022 estimated in export price. Overall, production recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Ammonia in aqueous solution production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Ammonia In Aqueous Solution

Exports from Turkey

In 2022, overseas shipments of ammonia in aqueous solution increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, ammonia in aqueous solution exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Israel (X tons), Syrian Arab Republic (X tons) and Iraq (X tons) were the main destinations of ammonia in aqueous solution exports from Turkey, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Syrian Arab Republic ($X) and Iraq ($X) were the largest markets for ammonia in aqueous solution exported from Turkey worldwide, with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the average ammonia in aqueous solution export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced a decline.

Imports of Ammonia In Aqueous Solution

Imports into Turkey

Ammonia in aqueous solution imports into Turkey soared to X tons in 2022, with an increase of X% against the previous year's figure. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonia in aqueous solution imports surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of ammonia in aqueous solution imports to Turkey, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonia in aqueous solution suppliers to Turkey were Germany ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average ammonia in aqueous solution import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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