Turkey: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Turkey

In 2021, the Turkish aromatic polyamines market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aromatic Polyamines Production in Turkey

In value terms, aromatic polyamines production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Aromatic polyamines production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Aromatic Polyamines Exports

Exports from Turkey

In 2021, exports of aromatic polyamines and their derivatives, salts thereof from Turkey surged to X tons, growing by 58% against 2020. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 172% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, aromatic polyamines exports surged to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 220% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan (X tons), Ukraine (X tons) and Serbia (X tons) were the main destinations of aromatic polyamines exports from Turkey, with a combined 80% share of total exports. Algeria, Azerbaijan, Bulgaria, Austria, Greece and Romania lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +216.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic polyamines exported from Turkey were Uzbekistan ($X), Ukraine ($X) and Serbia ($X), together accounting for 77% of total exports. Algeria, Azerbaijan, Greece, Austria, Bulgaria and Romania lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Austria, with a CAGR of +231.4%, recorded the highest growth rate of 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 2021, the average aromatic polyamines export price amounted to $X per ton, increasing by 9% against the previous year. Over the period under review, the export price, however, showed a slight decline. The growth pace was the most rapid in 2015 when the average export price increased by 93% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Azerbaijan ($X per ton) and Greece ($X per ton), while the average price for exports to Ukraine ($X per ton) and Bulgaria ($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 Azerbaijan (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Turkey

Aromatic polyamines imports into Turkey soared to X tons in 2021, with an increase of 43% against the year before. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines imports surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Slovakia (X tons) and South Korea (X tons) were the main suppliers of aromatic polyamines imports to Turkey, with a combined 66% share of total imports. These countries were followed by China, India, Germany, Switzerland and the United States, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic polyamines suppliers to Turkey were Slovakia ($X), China ($X) and Belgium ($X), together comprising 62% of total imports. South Korea, India, Germany, Switzerland and the United States lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Switzerland, with a CAGR of +25.0%, 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 aromatic polyamines import price amounted to $X per ton, rising by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :