Turkey: Lysine Market 2024

Lysine Market Size in Turkey

In 2022, the Turkish lysine market increased by 7.8% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in Turkey

In value terms, lysine production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Lysine Exports

Exports from Turkey

For the third year in a row, Turkey recorded decline in overseas shipments of lysine and its esters, and salts thereof, which decreased by -14.3% to X tons in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 136%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lysine exports reduced to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 122%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Azerbaijan (X tons) was the main destination for lysine exports from Turkey, accounting for a 64% share of total exports. Moreover, lysine exports to Azerbaijan exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was held by Jordan (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.1% per year) and Jordan (-54.5% per year).

In value terms, Azerbaijan ($X), Russia ($X) and Jordan ($X) were the largest markets for lysine exported from Turkey worldwide, with a combined 90% share of total exports.

Russia, with a CAGR of +22.9%, 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

The average lysine export price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 76%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia ($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 Jordan (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Turkey

In 2022, overseas purchases of lysine and its esters, and salts thereof increased by 31% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2021 with an increase of 334% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, lysine imports surged to $X in 2022. Overall, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 232%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lysine to Turkey, accounting for a 87% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-8.3% per year) and South Korea (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Turkey, comprising 83% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.6% share of total imports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-8.0% per year) and South Korea (+9.5% per year).

Import Prices by Country

In 2022, the average lysine import price amounted to $X per ton, with an increase of 4.1% against the previous year. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2019 an increase of 45%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Indonesia ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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