Turkey: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Turkey

In 2021, after two years of growth, there was significant decline in the Turkish aniline derivatives market, when its value decreased by -6.9% to $X. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Aniline Derivatives Production in Turkey

In value terms, aniline derivatives production reduced to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.3% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 43% against the previous year. Aniline derivatives production peaked at $X in 2020, and then dropped in the following year.

Aniline Derivatives Exports

Exports from Turkey

After two years of growth, overseas shipments of aniline derivatives and their salts decreased by -44.5% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 279% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then contracted dramatically in the following year.

In value terms, aniline derivatives exports declined markedly to $X in 2021. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2014 with an increase of 266%. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Iran (X tons) was the main destination for aniline derivatives exports from Turkey, accounting for a 90% share of total exports. Moreover, aniline derivatives exports to Iran exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. The third position in this ranking was held by Uzbekistan (X kg), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Iran stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+145.5% per year) and Uzbekistan (+84.7% per year).

In value terms, Iran ($X) remains the key foreign market for aniline derivatives and their salts exports from Turkey, comprising 88% of total exports. The second position in the ranking was held by Ukraine ($X), with an 8.8% share of total exports. It was followed by Uzbekistan, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+237.8% per year) and Uzbekistan (+22.4% per year).

Export Prices by Country

In 2021, the average aniline derivatives export price amounted to $X per ton, reducing by -6.5% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 72%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Iran ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+37.6%), while the prices for the other major destinations experienced mixed trend patterns.

Aniline Derivatives Imports

Imports into Turkey

In 2021, the amount of aniline derivatives and their salts imported into Turkey declined dramatically to X tons, falling by -28% on 2020 figures. Overall, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2013 with an increase of 48%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, aniline derivatives imports shrank markedly to $X in 2021. In general, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 decreased by -47.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 74% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of aniline derivatives imports to Turkey, with a combined 94% share of total imports. Portugal lagged somewhat behind, accounting for a further 5.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +9,370.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and the United States ($X) appeared to be the largest aniline derivatives suppliers to Turkey, with a combined 94% share of total imports. These countries were followed by Portugal, which accounted for a further 5.7%.

Among the main suppliers, Portugal, with a CAGR of +12,537.5%, 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 2021, the average aniline derivatives import price amounted to $X per ton, picking up by 1.8% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aniline derivatives import price decreased by -8.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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