Turkey: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Turkey

The Turkish halogenated hydrocarbon derivative market contracted modestly to $X in 2022, which is down by -2.8% against the previous year. In general, consumption continues to indicate resilient growth. Halogenated hydrocarbon derivative consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Production in Turkey

In value terms, halogenated hydrocarbon derivative production contracted to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 124%. Halogenated hydrocarbon derivative production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Turkey

Halogenated hydrocarbon derivative exports from Turkey skyrocketed to X tons in 2022, jumping by 70% on 2021 figures. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 139% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, halogenated hydrocarbon derivative exports soared to $X in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 270%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Iran (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Turkey, together comprising 43% of total exports. Mexico, India, Greece, Malaysia, the United Arab Emirates, Romania, Belgium, Azerbaijan, Algeria and Syrian Arab Republic lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +386.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Mexico ($X) and Iran ($X) constituted the largest markets for halogenated hydrocarbon derivative exported from Turkey worldwide, with a combined 39% share of total exports. Uzbekistan, Malaysia, Romania, Belgium, Azerbaijan, the United Arab Emirates, Greece, India, Syrian Arab Republic and Algeria lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Malaysia, with a CAGR of +367.6%, saw the highest rates of growth with regard to the value of exports, 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 halogenated hydrocarbon derivative export price amounted to $X per ton, surging by 34% against the previous year. In general, the export price saw a mild increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to India ($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 Mexico (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Turkey

In 2022, overseas purchases of halogenated derivatives of hydrocarbons increased by 57% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative imports soared to $X in 2022. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Turkey, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest halogenated hydrocarbon derivative suppliers to Turkey, together accounting for 74% of total imports.

Among the main suppliers, Germany, with a CAGR of +21.1%, recorded 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

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, with an increase of 26% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +79.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :