Turkey: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Turkey

For the sixth year in a row, the Turkish market for medicaments of alkaloids or derivatives thereof recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption enjoyed a prominent expansion. Consumption of peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Turkey

In value terms, production of medicaments of alkaloids or derivatives thereof reached $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Turkey

In 2021, shipments abroad of medicaments of alkaloids or derivatives thereof decreased by -X% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof declined to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for exports of medicaments of alkaloids or derivatives thereof from Turkey, with a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Bulgaria exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Switzerland (+X% per year).

In value terms, Malaysia ($X), Ukraine ($X) and Belgium ($X) appeared to be the largest markets for medicaments of alkaloids or derivatives thereof exported from Turkey worldwide, together comprising X% of total exports. Bulgaria, Switzerland, Japan and Saudi Arabia lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price continues to indicate moderate growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bulgaria ($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 Malaysia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Turkey

In 2021, purchases abroad of medicaments of alkaloids or derivatives thereof increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof fell to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% 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 decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), India (X tons) and Germany (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to Turkey, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Turkey, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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