Turkey: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Turkey

The Turkish cyclohexanone and methylcyclohexanones market rose rapidly to $X in 2021, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 -11.4% 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.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Turkey

After three years of growth, overseas shipments of cyclohexanone and methylcyclohexanones decreased by -74.2% to X tons in 2021. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 282%. Over the period under review, the exports reached the maximum at X tons in 2020, and then fell notably in the following year.

In value terms, cyclohexanone and methylcyclohexanones exports fell dramatically to $X in 2021. Overall, exports, however, showed noticeable growth. The growth pace was the most rapid in 2018 when exports increased by 211%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced notably in the following year.

Exports by Country

Azerbaijan (X tons), Egypt (X tons) and Uzbekistan (X tons) were the main destinations of cyclohexanone and methylcyclohexanones exports from Turkey, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +47.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclohexanone and methylcyclohexanones exported from Turkey were Egypt ($X), Azerbaijan ($X) and Uzbekistan ($X), together accounting for 97% of total exports.

Azerbaijan, with a CAGR of +42.6%, recorded the highest rates of growth with regard to the value of exports, among 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

The average cyclohexanone and methylcyclohexanones export price stood at $X per ton in 2021, jumping by 54% against the previous year. Overall, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 an increase of 78%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Georgia ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Azerbaijan ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Turkey

After two years of growth, supplies from abroad of cyclohexanone and methylcyclohexanones decreased by -13.2% to X tons in 2021. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, cyclohexanone and methylcyclohexanones imports skyrocketed to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 77%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Israel (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to Turkey, together comprising 70% of total imports. These countries were followed by the Netherlands, Russia, Germany, Taiwan (Chinese) and the United States, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to Turkey were China ($X), Italy ($X) and the Netherlands ($X), together comprising 71% of total imports. Israel, Russia, Germany, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Russia, with a CAGR of +20.2%, recorded the highest rates of growth with regard to 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

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, rising by 41% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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