Turkey: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Turkey

In 2021, the Turkish chloride oxides of metal market increased by 21% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption showed perceptible growth. Chloride oxides of metal consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Turkey

In value terms, chloride oxides of metal production soared to $X in 2021 estimated in export price. In general, production continues to indicate tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Chloride oxides of metal production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Turkey

In 2021, shipments abroad of chloride oxides and chloride hydroxides of copper and other metals increased by 8.7% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,142% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, chloride oxides of metal exports surged to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,270% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X tons), Iran (X tons) and Iraq (X tons) were the main destinations of chloride oxides of metal exports from Turkey, with a combined 74% share of total exports. Uzbekistan, Tunisia and Bulgaria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +619.2%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from Turkey, comprising 59% of total exports. The second position in the ranking was held by Iran ($X), with a 22% share of total exports. It was followed by Uzbekistan, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-2.6% per year) and Uzbekistan (+388.1% per year).

Export Prices by Country

The average chloride oxides of metal export price stood at $X per ton in 2021, surging by 123% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bulgaria ($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 Iran (-7.7%), while the prices for the other major destinations experienced a decline.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Turkey

In 2021, purchases abroad of chloride oxides and chloride hydroxides of copper and other metals increased by 16% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 +69.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, chloride oxides of metal imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +100.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest chloride oxides of metal supplier to Turkey, accounting for a 53% share of total imports. Moreover, chloride oxides of metal imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.4% per year) and Italy (+14.1% per year).

In value terms, India ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Turkey, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Spain (-11.4% per year).

Import Prices by Country

The average chloride oxides of metal import price stood at $X per ton in 2021, growing by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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