Turkey - Fluoropolymers - Market Analysis, Forecast, Size, Trends and Insights
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Fluoropolymers Market Size in Turkey
In 2021, the Turkish fluoropolymers market increased by 6.7% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.
Fluoropolymers Production in Turkey
In value terms, fluoropolymers production expanded remarkably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 66% against the previous year. Fluoropolymers production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.
Fluoropolymers Exports
Exports from Turkey
In 2021, fluoropolymers exports from Turkey soared to X tons, picking up by 23% against 2020. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 249%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.
In value terms, fluoropolymers exports expanded sharply to $X in 2021. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2017 when exports increased by 130%. The exports peaked in 2021 and are expected to retain growth in the near future.
Exports by Country
Russia (X tons) was the main destination for fluoropolymers exports from Turkey, accounting for a 50% share of total exports. Moreover, fluoropolymers exports to Russia exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was held by Ukraine (X tons), with a 13% share.
From 2012 to 2021, the average annual growth rate of volume to Russia totaled +76.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+41.0% per year) and Ukraine (+55.4% per year).
In value terms, Russia ($X) remains the key foreign market for fluoropolymers exports from Turkey, comprising 54% of total exports. The second position in the ranking was held by Egypt ($X), with a 20% share of total exports. It was followed by Ukraine, with an 11% share.
From 2012 to 2021, the average annual growth rate of value to Russia amounted to +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+37.0% per year) and Ukraine (+57.6% per year).
Export Prices by Country
In 2021, the average fluoropolymers export price amounted to $X per ton, waning by -10.7% against the previous year. Overall, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Romania ($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 Iran (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Fluoropolymers Imports
Imports into Turkey
In 2021, the amount of fluoropolymers imported into Turkey surged to X tons, with an increase of 16% on the previous year. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 37%. Imports peaked in 2021 and are likely to see steady growth in years to come.
In value terms, fluoropolymers imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.0% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
India (X tons), China (X tons) and Italy (X tons) were the main suppliers of fluoropolymers imports to Turkey, with a combined 69% share of total imports.
From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, India ($X), China ($X) and Italy ($X) constituted the largest fluoropolymers suppliers to Turkey, together accounting for 55% of total imports.
Among the main suppliers, India, with a CAGR of +28.4%, saw 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 fluoropolymers import price stood at $X per ton in 2021, with an increase of 9.5% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($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 France (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fluoropolymers 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 20163060 - Fluoropolymers
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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