Turkey: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Turkey

The Turkish m-xylene and xylenes market fell to $X in 2022, which is down by -3.3% against the previous year. In general, consumption recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

M-Xylene And Xylenes Production in Turkey

In value terms, m-xylene and xylenes production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 201%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

M-Xylene And Xylenes Exports

Exports from Turkey

M-xylene and xylenes exports from Turkey soared to X tons in 2022, growing by 56% on the previous year's figure. In general, exports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 840% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, m-xylene and xylenes exports skyrocketed to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 944%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for m-xylene and xylenes exports from Turkey, with a 67% share of total exports. Moreover, m-xylene and xylenes exports to Azerbaijan exceeded the volume sent to the second major destination, Georgia (X tons), threefold. The third position in this ranking was taken by Tanzania (X kg), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan amounted to +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+36.6% per year) and Tanzania (0.0% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from Turkey, comprising 58% of total exports. The second position in the ranking was held by Tanzania ($X), with a 25% share of total exports. It was followed by Cyprus, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan totaled +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (0.0% per year) and Cyprus (-5.8% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, surging by 5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2018 an increase of 65%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Georgia ($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 Serbia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

M-Xylene And Xylenes Imports

Imports into Turkey

M-xylene and xylenes imports into Turkey surged to X tons in 2022, picking up by 275% against 2021 figures. Over the period under review, imports, however, recorded a sharp shrinkage. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, m-xylene and xylenes imports soared to $X in 2022. In general, imports, however, recorded a sharp curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest m-xylene and xylenes supplier to Turkey, with a 68% share of total imports. Moreover, m-xylene and xylenes imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-32.6% per year) and Spain (-75.3% per year).

In value terms, the largest m-xylene and xylenes suppliers to Turkey were Germany ($X), France ($X) and Spain ($X), with a combined 92% share of total imports.

In terms of the main suppliers, France, with a CAGR of -5.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average m-xylene and xylenes import price amounted to $X per ton, declining by -41% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 46%. The import price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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