Turkey: Natural Polymers Market 2024

Natural Polymers Market Size in Turkey

The Turkish natural polymers market rose remarkably to $X in 2021, picking up by 8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Natural Polymers Exports

Exports from Turkey

Natural polymers exports from Turkey surged to X tons in 2021, with an increase of 75% against the previous year's figure. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural polymers exports surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) was the main destination for natural polymers exports from Turkey, with a 36% share of total exports. Moreover, natural polymers exports to Uzbekistan exceeded the volume sent to the second major destination, Egypt (X tons), fourfold. Iran (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+41.0% per year) and Iran (-0.8% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for natural and modified natural polymers in primary forms exports from Turkey, comprising 34% of total exports. The second position in the ranking was taken by Iran ($X), with a 14% share of total exports. It was followed by Egypt, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan amounted to +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+3.2% per year) and Egypt (+50.5% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, increasing by 13% against the previous year. Overall, the export price, however, saw a mild decline. The pace of growth appeared the most rapid in 2019 an increase of 25% against the previous year. The export price peaked 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 Iran ($X per ton), while the average price for exports to Israel ($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 Egypt (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Turkey

In 2021, overseas purchases of natural and modified natural polymers in primary forms decreased by -4.5% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Imports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, natural polymers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 31%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of natural polymers to Turkey, accounting for a 78% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+11.7% per year) and the United States (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Turkey, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Norway, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.1% per year) and Norway (+10.3% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, increasing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($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 (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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