Turkey: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Turkey

The Turkish oxygen-function amino-compound market expanded significantly to $X in 2021, increasing by 14% 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 +4.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Exports

Exports from Turkey

For the fifth year in a row, Turkey recorded growth in shipments abroad of oxygen-function amino-compounds, which increased by 44% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 95%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2019 when exports increased by 247%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for oxygen-function amino-compound exports from Turkey, accounting for a 39% share of total exports. Moreover, oxygen-function amino-compound exports to Ukraine exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Azerbaijan (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+66.5% per year) and Azerbaijan (+14.8% per year).

In value terms, Ukraine ($X), Italy ($X) and Iran ($X) constituted the largest markets for oxygen-function amino-compound exported from Turkey worldwide, together comprising 43% of total exports. These countries were followed by Azerbaijan, Iraq, Spain, the Netherlands, Uzbekistan, Slovakia, Tajikistan, Cyprus, Egypt and South Korea, which together accounted for a further 43%.

Among the main countries of destination, South Korea, with a CAGR of +126,504.0%, saw the highest growth rate of 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 oxygen-function amino-compound export price amounted to $X per ton, declining by -9.7% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 96% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average 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 ($X per ton), while the average price for exports to Ukraine ($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 the Netherlands (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Turkey

In 2021, overseas purchases of oxygen-function amino-compounds increased by 19% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of oxygen-function amino-compound to Turkey, accounting for a 53% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and Saudi Arabia (+42.5% per year).

In value terms, the largest oxygen-function amino-compound suppliers to Turkey were China ($X), India ($X) and Germany ($X), with a combined 66% share of total imports. The United States, Saudi Arabia, Iran, Sweden, the Netherlands, Thailand, Russia and Slovakia lagged somewhat behind, together comprising a further 8.7%.

Saudi Arabia, with a CAGR of +39.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, dropping by -2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Saudi Arabia ($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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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