Turkey: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Turkey

After three years of decline, the Turkish market for cellular plates, sheets and films of polyymers of styrene increased by 2.7% to $X in 2022. Overall, consumption, however, saw a slight downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Turkey

In value terms, production of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 68%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Turkey

After five years of growth, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by -1.2% to X tons in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 69% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Turkey, with a 67% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Iraq exceeded the volume sent to the second major destination, Georgia (X tons), tenfold. The third position in this ranking was taken by Israel (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+15.0% per year) and Israel (+2.7% per year).

In value terms, Iraq ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Turkey, comprising 43% of total exports. The second position in the ranking was taken by Georgia ($X), with a 9.6% share of total exports. It was followed by Poland, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+12.9% per year) and Poland (+114.6% per year).

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Iraq ($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 Kenya (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Turkey

In 2022, overseas purchases of cellular plates, sheets and films of polyymers of styrene increased by 27% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 58%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene surged to $X in 2022. Overall, imports posted a mild increase. The pace of growth was the most pronounced in 2015 when imports increased by 95%. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and France (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Turkey, with a combined 67% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Turkey were China ($X), Canada ($X) and Germany ($X), together comprising 65% of total imports. Italy, France, South Korea and Greece lagged somewhat behind, together accounting for a further 29%.

Italy, with a CAGR of +27.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, rising by 38% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +99.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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