Turkey: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Turkey

The Turkish market for compounds with other nitrogen function (excluding isocyanates) shrank rapidly to $X in 2022, waning by -16.9% against the previous year. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Turkey

In value terms, compounds with other nitrogen function production reduced to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The pace of growth was the most pronounced in 2019 with an increase of 207% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Turkey

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) decreased by -3.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 79% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, compounds with other nitrogen function exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 299%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Tanzania (X tons) was the main destination for compounds with other nitrogen function exports from Turkey, with a 48% share of total exports. Moreover, compounds with other nitrogen function exports to Tanzania exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was held by Morocco (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+20.5% per year) and Morocco (+76.7% per year).

In value terms, Tanzania ($X), Iraq ($X) and Morocco ($X) appeared to be the largest markets for compounds with other nitrogen function exported from Turkey worldwide, together comprising 70% of total exports. Ukraine, Tajikistan, Ethiopia, the Netherlands and Turkmenistan lagged somewhat behind, together comprising a further 12%.

Ukraine, with a CAGR of +109.2%, saw the highest growth rate of the value of exports, in terms of 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 export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, surging by 16% against the previous year. In general, the export price recorded a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 176%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Morocco ($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 Ethiopia (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Turkey

After three years of growth, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -28.1% to X tons in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of compounds with other nitrogen function to Turkey, accounting for a 66% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+84.5% per year) and the UK (+83.2% per year).

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Turkey, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with a 21% share of total imports. It was followed by the UK, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+175.0% per year) and the UK (+64.3% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, with an increase of 80% against the previous year. In general, the import price posted a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+49.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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