Turkey: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Turkey

The Turkish market for liquid or compressed air and distilled or conductivity water rose remarkably to $X in 2021, surging by 11% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Turkey

In value terms, liquid air and distilled water production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. Liquid air and distilled water production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Turkey

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water decreased by -45.1% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 84%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, liquid air and distilled water exports fell dramatically to $X in 2021. Over the period under review, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 255% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for liquid air and distilled water exports from Turkey, accounting for a 50% share of total exports. Moreover, liquid air and distilled water exports to Iraq exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Libya (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.8% per year) and Libya (+11.6% per year).

In value terms, the largest markets for liquid air and distilled water exported from Turkey were Iraq ($X), Kazakhstan ($X) and Iran ($X), with a combined 55% share of total exports. These countries were followed by Cyprus, Libya, Albania, the UK, Qatar and Turkmenistan, which together accounted for a further 27%.

Albania, with a CAGR of +73.3%, 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 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, reducing by -19.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 107% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Kazakhstan ($X per ton), while the average price for exports to Qatar ($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 Cyprus (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Turkey

After two years of growth, purchases abroad of liquid or compressed air and distilled or conductivity water decreased by -6.4% to X tons in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, liquid air and distilled water imports rose to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +29.6% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 54%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of liquid air and distilled water imports to Turkey, together comprising 91% of total imports. Poland and South Korea lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +137.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest liquid air and distilled water suppliers to Turkey, with a combined 84% share of total imports. Poland and South Korea lagged somewhat behind, together accounting for a further 3.2%.

Poland, with a CAGR of +97.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, rising by 9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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