Turkey: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Turkey

The Turkish hydrazine and hydroxylamine derivatives market contracted to $X in 2022, which is down by -7.4% against the previous year. Over the period under review, consumption showed a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Turkey

In value terms, hydrazine and hydroxylamine derivatives production dropped to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Hydrazine and hydroxylamine derivatives production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports from Turkey

In 2022, exports of organic derivatives of hydrazine or of hydroxylamine from Turkey skyrocketed to X tons, increasing by 22% against the previous year. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 63%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydrazine and hydroxylamine derivatives exports surged to $X in 2022. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Azerbaijan (X tons) were the main destinations of hydrazine and hydroxylamine derivatives exports from Turkey, together comprising 66% of total exports. Lebanon, Belarus, Syrian Arab Republic, Angola, Senegal and Venezuela lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +104.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for organic derivatives of hydrazine or of hydroxylamine exports from Turkey, comprising 40% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total exports. It was followed by Azerbaijan, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +56.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+4.5% per year) and Azerbaijan (+7.3% per year).

Export Prices by Country

The average hydrazine and hydroxylamine derivatives export price stood at $X per ton in 2022, rising by 65% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrazine and hydroxylamine derivatives export price increased by +76.9% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belarus ($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 Venezuela (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports into Turkey

In 2022, hydrazine and hydroxylamine derivatives imports into Turkey rose significantly to X tons, surging by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, hydrazine and hydroxylamine derivatives imports surged to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Japan (X tons) and China (X tons) were the main suppliers of hydrazine and hydroxylamine derivatives imports to Turkey, together comprising 82% of total imports. Switzerland, Spain, Poland and Belgium lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +129.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of organic derivatives of hydrazine or of hydroxylamine to Turkey, comprising 47% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports. It was followed by Switzerland, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+136.9% per year) and Switzerland (+7.5% per year).

Import Prices by Country

The average hydrazine and hydroxylamine derivatives import price stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the import price showed strong growth. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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