Report Update Nov 1, 2024

Turkey - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Cumene Market 2024

Cumene Market Size in Turkey

The Turkish cumene market surged to $X in 2021, picking up by 2,005% against the previous year. Over the period under review, consumption, however, saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Cumene Production in Turkey

In value terms, cumene production rose significantly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12% against the previous year. Cumene production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cumene Exports

Exports from Turkey

In 2020, approx. X tons of cumene were exported from Turkey; stabilizing at the previous year. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2015. The exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, cumene exports stood at $X in 2020. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for cumene exports from Turkey, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Syrian Arab Republic was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Syrian Arab Republic was relatively modest.

Export Prices by Country

The average cumene export price stood at $X per ton in 2020, approximately equating the previous year. In general, the export price showed a sharp reduction. The pace of growth was the most pronounced in 2015 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Syrian Arab Republic.

From 2012 to 2020, the rate of growth in terms of prices for Syrian Arab Republic amounted to 0.0% per year.

Cumene Imports

Imports into Turkey

In 2021, imports of cumene into Turkey contracted remarkably to X kg, waning by -59.6% against the year before. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by 46%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cumene imports contracted significantly to $X in 2021. Overall, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 106%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X kg) constituted the largest supplier of cumene to Turkey, with a 53% share of total imports. Moreover, cumene imports from India exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), threefold. The third position in this ranking was held by Belgium (X kg), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-20.3% per year) and Belgium (-25.6% per year).

In value terms, Switzerland ($X) constituted the largest supplier of cumene to Turkey, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by India, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and India (-23.7% per year).

Import Prices by Country

In 2021, the average cumene import price amounted to $X per ton, with an increase of 61% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 1,175%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, with a combined 73% share of global consumption. The United States, Singapore, Brazil and Germany lagged somewhat behind, together comprising a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, together comprising 78% of global production. These countries were followed by the United States, Germany, Russia and Portugal, which together accounted for a further 19%.

What are the leading suppliers of cumene to Turkey?

In value terms, Switzerland $82) constituted the largest supplier of cumene to Turkey, comprising 63% of total imports. The second position in the ranking was occupied by Germany $35), with a 27% share of total imports.

What is the average export price for cumene in Turkey?

In 2020, the average cumene export price amounted to $1,871 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for cumene in Turkey?

In 2021, the average cumene import price amounted to $10,482 per ton, waning by -18.5% against the previous year.

This report provides an in-depth analysis of the cumene market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141270 - Cumene

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023