Turkey: Chlorides Market 2024

Chlorides Market Size in Turkey

The Turkish chlorides market soared to $X in 2021, jumping by 16% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Chlorides Production in Turkey

In value terms, chlorides production surged to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. Chlorides production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Chlorides Exports

Exports from Turkey

In 2021, chlorides exports from Turkey soared to X tons, picking up by 48% against 2020. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides exports surged to $X in 2021. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 71%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Israel (X tons) and Germany (X tons) were the main destinations of chlorides exports from Turkey, together comprising 52% of total exports. Liberia, Iraq, Egypt, Cyprus, Georgia and Spain lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +217.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Israel ($X) and Bulgaria ($X) were the largest markets for chlorides exported from Turkey worldwide, together accounting for 51% of total exports. Iraq, Egypt, Liberia, Georgia, Cyprus and Spain lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Liberia, with a CAGR of +211.6%, saw 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 chlorides export price amounted to $X per ton, growing by 2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 Israel (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into Turkey

In 2021, approx. X tons of chlorides (excluding ammonium chloride) were imported into Turkey; rising by 18% against the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, chlorides imports surged to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of chlorides imports to Turkey, together comprising 66% of total imports. Israel, Iran, Spain, Egypt, China and Finland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +129.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Italy ($X) were the largest chlorides suppliers to Turkey, together comprising 38% of total imports. Russia, China, Israel, Iran, Egypt and Finland lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Iran, with a CAGR of +126.8%, saw the highest growth rate of 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 chlorides import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Iran ($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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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