Report Update Nov 1, 2024

Turkey - Ethanal (Acetaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Ethanal Market 2024

Ethanal Market Size in Turkey

The Turkish ethanal market stood at $X in 2022, picking up by 15% against the previous year. Overall, consumption saw a notable expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Ethanal Production in Turkey

In value terms, ethanal production rose to $X in 2022 estimated in export price. In general, production enjoyed a measured expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 9.8%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethanal Exports

Exports from Turkey

In 2022, exports of ethanal (acetaldehyde) from Turkey was estimated at X tons, increasing by 5.1% on the previous year's figure. Overall, exports saw a strong increase. The growth pace was the most rapid in 2019 when exports increased by 231% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ethanal exports soared to $X in 2022. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 203%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for ethanal exports from Turkey, accounting for a 90% share of total exports. Moreover, ethanal exports to Cyprus exceeded the volume sent to the second major destination, Indonesia (X kg), more than tenfold. Georgia (X kg) ranked third in terms of total exports with a 2.5% share.

From 2013 to 2022, the average annual growth rate of volume to Cyprus amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Georgia (-17.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for ethanal (acetaldehyde) exports from Turkey, comprising 84% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total exports. It was followed by Georgia, with a 2.2% share.

From 2013 to 2022, the average annual growth rate of value to Cyprus amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Georgia (-20.8% per year).

Export Prices by Country

In 2022, the average ethanal export price amounted to $X per ton, picking up by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+2.8%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethanal (acetaldehyde) in the world?

China remains the largest ethanal consuming country worldwide, accounting for 25% of total volume. Moreover, ethanal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Pakistan ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of ethanal (acetaldehyde) in the world?

China constituted the country with the largest volume of ethanal production, accounting for 25% of total volume. Moreover, ethanal production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of ethanal (acetaldehyde) to Turkey?

In value terms, the largest ethanal suppliers to Turkey were Germany, Russia and India, together accounting for 95% of total imports.

What are the leading importers of ethanal (acetaldehyde) from Turkey?

In value terms, Cyprus remains the key foreign market for ethanal exports from Turkey, comprising 88% of total exports. The second position in the ranking was occupied by Georgia, with an 11% share of total exports.

What is the average export price for ethanal (acetaldehyde) in Turkey?

The average ethanal export price stood at $24,760 per ton in 2021, with an increase of 37% against the previous year.

What is the average import price for ethanal (acetaldehyde) in Turkey?

In 2021, the average ethanal import price amounted to $730 per ton, falling by -39.3% against the previous year.

This report provides an in-depth analysis of the ethanal 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 20146113 - Ethanal (acetaldehyde)

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