Turkey: Peroxosulphates Market 2024

Peroxosulphates Market Size in Turkey

The Turkish peroxosulphates market shrank rapidly to $X in 2021, waning by -93% against the previous year. Overall, consumption continues to indicate a sharp contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Peroxosulphates Production in Turkey

In value terms, peroxosulphates production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. Peroxosulphates production peaked at $X in 2020, and then dropped modestly in the following year.

Peroxosulphates Exports

Exports from Turkey

Peroxosulphates exports from Turkey surged to X tons in 2021, jumping by 78% on the previous year. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, peroxosulphates exports soared to $X in 2021. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for peroxosulphates exports from Turkey, with a 29% share of total exports. Moreover, peroxosulphates exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.1% per year) and Russia (+215.0% per year).

In value terms, Italy ($X) remains the key foreign market for peroxosulphates exports from Turkey, comprising 32% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.1% per year) and Russia (+232.9% per year).

Export Prices by Country

The average peroxosulphates export price stood at $X per ton in 2021, surging by 2.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Egypt ($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 UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxosulphates Imports

Imports into Turkey

In 2021, purchases abroad of peroxosulphates (persulphates) decreased by -51.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 45%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxosulphates imports shrank significantly to $X in 2021. In general, imports showed a noticeable downturn. The growth pace was the most rapid in 2013 with an increase of 66%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of peroxosulphates to Turkey, accounting for a 57% share of total imports. Moreover, peroxosulphates imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.2% per year) and the United States (+15.0% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest peroxosulphates suppliers to Turkey, together accounting for 85% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +14.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average peroxosulphates import price stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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