Turkey: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Turkey

The Turkish cyclanic, cyclenic hydrocarbons derivatives market soared to $X in 2022, jumping by 117% against the previous year. Over the period under review, consumption, however, recorded a precipitous curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Turkey

In value terms, cyclanic, cyclenic hydrocarbons derivatives production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports from Turkey

In 2022, approx. X tons of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons were exported from Turkey; falling by -26% compared with the year before. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 3,767% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports skyrocketed to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 2,065%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for cyclanic, cyclenic hydrocarbons derivatives exports from Turkey, with a 76% share of total exports. Moreover, cyclanic, cyclenic hydrocarbons derivatives exports to Poland exceeded the volume sent to the second major destination, Ukraine (X tons), tenfold. The third position in this ranking was held by Iran (X kg), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+63.0% per year) and Iran (-58.4% per year).

In value terms, the largest markets for cyclanic, cyclenic hydrocarbons derivatives exported from Turkey were Iran ($X), Poland ($X) and Ukraine ($X), together comprising 60% of total exports. Azerbaijan and Israel lagged somewhat behind, together comprising a further 2.2%.

Azerbaijan, with a CAGR of +120.1%, recorded the highest growth rate of 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

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives export price amounted to $X per ton, increasing by 95% against the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2020 an increase of 144% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+96.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports into Turkey

In 2022, after four years of decline, there was significant growth in purchases abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons, when their volume increased by 120% to X tons. In general, imports, however, showed a precipitous setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a dramatic decline. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X kg), France (X kg) and Serbia (X kg) were the main suppliers of cyclanic, cyclenic hydrocarbons derivatives imports to Turkey, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Serbia ($X) appeared to be the largest cyclanic, cyclenic hydrocarbons derivatives suppliers to Turkey, with a combined 97% share of total imports.

Germany, with a CAGR of +18.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cyclanic, cyclenic hydrocarbons derivatives import price stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 1,840%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+65.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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