Turkey: Dichloromethane Market 2024

Dichloromethane Market Size in Turkey

The Turkish dichloromethane market surged to $X in 2021, with an increase of 75% 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). Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 increased by +95.8% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dichloromethane Exports

Exports from Turkey

Dichloromethane exports from Turkey soared to X tons in 2021, rising by 303% compared with 2020 figures. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dichloromethane exports soared to $X in 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons), Algeria (X tons) and Ukraine (X tons) were the main destinations of dichloromethane exports from Turkey, together comprising 56% of total exports. Lebanon, Uzbekistan, Greece, Albania, Turkmenistan, Azerbaijan, Nigeria, Israel, Belize and Iraq lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +242.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for dichloromethane (methylene chloride) exports from Turkey, comprising 33% of total exports. The second position in the ranking was taken by Algeria ($X), with a 15% share of total exports. It was followed by Ukraine, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran totaled +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+170.0% per year) and Ukraine (+63.4% per year).

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, rising by 31% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Belize ($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 Greece (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into Turkey

In 2021, the amount of dichloromethane (methylene chloride) imported into Turkey skyrocketed to X tons, growing by 30% compared with the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 +103.1% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 81% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, dichloromethane imports soared to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of dichloromethane imports to Turkey, with a combined 79% share of total imports. The United States, South Korea, the Netherlands, Italy, Russia and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +100.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane suppliers to Turkey were China ($X), Germany ($X) and France ($X), with a combined 78% share of total imports. The United States, the Netherlands, South Korea, Italy, Russia and the UK lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, the United States, with a CAGR of +104.1%, 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 dichloromethane import price amounted to $X per ton, rising by 87% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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