Turkey: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Turkey

In 2022, the Turkish market for plasticised mixed polyvinyl chloride in primary forms decreased by -15% to $X, falling for the second consecutive year after seven years of growth. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Turkey

In value terms, production of plasticised mixed polyvinyl chloride in primary forms reached $X in 2022 estimated in export price. Overall, production showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 94%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Turkey

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were exported from Turkey; growing by 56% against the previous year. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 71%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 100% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Israel (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Turkey, with a combined 49% share of total exports. Russia, Algeria, Kazakhstan, Azerbaijan, Tunisia, Cyprus, Italy, North Macedonia, Croatia and Morocco lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +112.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Russia ($X) appeared to be the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Turkey worldwide, together comprising 49% of total exports. Israel, Algeria, Kazakhstan, Azerbaijan, Cyprus, North Macedonia, Tunisia, Croatia, Italy and Morocco lagged somewhat behind, together comprising a further 35%.

Italy, with a CAGR of +102.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, which is down by -5.2% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for plasticised mixed polyvinyl chloride in primary forms increased by +51.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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 ($X per ton), while the average price for exports to Tunisia ($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 Algeria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Turkey

After two years of growth, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -13.9% to X tons in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms amounted to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Turkey, with a combined 81% share of total imports. China, Bulgaria, the UK and France lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +35.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Turkey were Italy ($X), Germany ($X) and Portugal ($X), together accounting for 81% of total imports. China, Bulgaria, the UK and France lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, China, with a CAGR of +34.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 24% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for plasticised mixed polyvinyl chloride in primary forms increased by +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 2022, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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