Turkey: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in Turkey

In 2022, the Turkish hydrazine and hydroxylamine market increased by 100% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Hydrazine And Hydroxylamine Exports

Exports from Turkey

In 2022, overseas shipments of hydrazine and hydroxylamine and their inorganic salts increased by 89% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 143%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, hydrazine and hydroxylamine exports soared to $X in 2022. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 113%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons) was the main destination for hydrazine and hydroxylamine exports from Turkey, accounting for a 57% share of total exports. Moreover, hydrazine and hydroxylamine exports to India exceeded the volume sent to the second major destination, Egypt (X tons), fivefold. The third position in this ranking was held by Bangladesh (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.5% per year) and Bangladesh (+3.4% per year).

In value terms, India ($X) emerged as the key foreign market for hydrazine and hydroxylamine and their inorganic salts exports from Turkey, comprising 39% of total exports. The second position in the ranking was held by Egypt ($X), with an 18% share of total exports. It was followed by Bangladesh, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+7.8% per year) and Bangladesh (+4.3% per year).

Export Prices by Country

The average hydrazine and hydroxylamine export price stood at $X per ton in 2022, reducing by -17.1% against the previous year. Overall, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Pakistan ($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 Egypt (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrazine And Hydroxylamine Imports

Imports into Turkey

In 2022, purchases abroad of hydrazine and hydroxylamine and their inorganic salts increased by 106% to X tons, rising for the second year in a row after four years of decline. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hydrazine and hydroxylamine imports surged to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 143%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of hydrazine and hydroxylamine to Turkey, with a 69% share of total imports. Moreover, hydrazine and hydroxylamine imports from Belarus exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and China (+60.7% per year).

In value terms, Belarus ($X), Germany ($X) and China ($X) constituted the largest hydrazine and hydroxylamine suppliers to Turkey, together accounting for 94% of total imports.

In terms of the main suppliers, China, with a CAGR of +55.2%, recorded 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

In 2022, the average hydrazine and hydroxylamine import price amounted to $X per ton, shrinking by -10.3% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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