Turkey: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Turkey

After five years of decline, the Turkish anti-freezing preparations market increased by 13% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Anti-Freezing Preparations Production in Turkey

In value terms, anti-freezing preparations production shrank to $X in 2021 estimated in export price. In general, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Anti-Freezing Preparations Exports

Exports from Turkey

In 2021, approx. X tons of anti-freezing preparations and prepared de-icing fluids were exported from Turkey; growing by 68% compared with the year before. Overall, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +125.4% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations exports soared to $X in 2021. In general, exports saw a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for anti-freezing preparations exports from Turkey, with a 22% share of total exports. Moreover, anti-freezing preparations exports to Iraq exceeded the volume sent to the second major destination, Azerbaijan (X tons), twofold. The third position in this ranking was taken by Georgia (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+2.1% per year) and Georgia (+4.4% per year).

In value terms, the largest markets for anti-freezing preparations exported from Turkey were Iraq ($X), Azerbaijan ($X) and Georgia ($X), together accounting for 39% of total exports. These countries were followed by South Africa, Algeria, Libya, Albania, Turkmenistan, Israel, Serbia, Lebanon and Greece, which together accounted for a further 32%.

South Africa, with a CAGR of +83.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Libya ($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 Libya (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Turkey

In 2021, anti-freezing preparations imports into Turkey skyrocketed to X tons, growing by 85% on the previous year. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of anti-freezing preparations imports to Turkey, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +60.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Turkey were Belgium ($X), Germany ($X) and France ($X), together accounting for 89% of total imports.

In terms of the main suppliers, France, with a CAGR of +60.6%, recorded 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

The average anti-freezing preparations import price stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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