Turkey: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Turkey

The Turkish organo-inorganic compounds market skyrocketed to $X in 2021, growing by 19% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Organo-Inorganic Compounds Production in Turkey

In value terms, organo-inorganic compounds production fell remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Turkey

In 2021, shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 5.4% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 160%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, organo-inorganic compounds exports soared to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and France (X tons) were the main destinations of organo-inorganic compounds exports from Turkey, with a combined 54% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +493.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-inorganic compounds exported from Turkey were France ($X), Italy ($X) and Iran ($X), together accounting for 51% of total exports.

Among the main countries of destination, France, with a CAGR of +456.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, picking up by 55% against the previous year. Overall, the export price, however, saw a noticeable setback. The export price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the average price for exports to Spain ($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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Turkey

In 2021, after two years of growth, there was decline in purchases abroad of organo-inorganic compounds (excluding organo-sulphur compounds), when their volume decreased by -0.7% to X tons. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.8% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 27%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, organo-inorganic compounds imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 increased by +52.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest organo-inorganic compounds supplier to Turkey, with a 74% share of total imports. Moreover, organo-inorganic compounds imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.8% per year) and Germany (-5.2% per year).

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Turkey, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with an 8.7% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and India (+10.3% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, rising by 45% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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