Turkey: Cadmium Market 2024

Cadmium Market Size in Turkey

The Turkish cadmium market skyrocketed to $X in 2022, picking up by 34% against the previous year. Overall, consumption showed a modest expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Cadmium Production in Turkey

In value terms, cadmium production amounted to $X in 2022 estimated in export price. In general, production showed a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with a decrease of 99.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cadmium Exports

Exports from Turkey

In 2022, overseas shipments of cadmium and articles thereof decreased by -52.9% to X kg for the first time since 2014, thus ending a seven-year declining trend. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 1,178%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cadmium exports shrank markedly to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 826% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X kg), Syrian Arab Republic (X kg) and Azerbaijan (X kg) were the main destinations of cadmium exports from Turkey, with a combined 58% share of total exports. Georgia, France, Lebanon, Pakistan and Germany lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +50.8%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Georgia ($X) and Pakistan ($X) appeared to be the largest markets for cadmium exported from Turkey worldwide, with a combined 39% share of total exports.

Georgia, with a CAGR of +13.0%, saw the highest growth rate of the value of exports, among 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

In 2022, the average cadmium export price amounted to $X per ton, picking up by 6.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 150%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Cyprus ($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 Pakistan (+18.3%), while the prices for the other major destinations experienced a decline.

Cadmium Imports

Imports into Turkey

In 2022, the amount of cadmium and articles thereof imported into Turkey surged to X tons, growing by 28% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 281% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, cadmium imports surged to $X in 2022. Overall, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2015 when imports increased by 248%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), China (X tons) and South Korea (X tons) were the main suppliers of cadmium imports to Turkey, together accounting for 83% of total imports. Italy, India, Germany and the United States lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), China ($X) and South Korea ($X) were the largest cadmium suppliers to Turkey, together comprising 71% of total imports. The United States, Germany, Italy and India lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, India, with a CAGR of +30.1%, 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 cadmium import price stood at $X per ton in 2022, falling by -7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained 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 the United States ($X per ton), while the price for Italy ($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 United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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