Turkey: Polycarbonate Market 2024

Polycarbonate Market Size in Turkey

In 2022, after two years of growth, there was decline in the Turkish polycarbonate market, when its value decreased by less than 0.1% to $X. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, leveling off in the following year.

Polycarbonate Production in Turkey

In value terms, polycarbonate production shrank remarkably to $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 179%. Polycarbonate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polycarbonate Exports

Exports from Turkey

Polycarbonate exports from Turkey skyrocketed to X tons in 2022, surging by 137% on the previous year's figure. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polycarbonate exports surged to $X in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons), Uzbekistan (X tons) and Russia (X tons) were the main destinations of polycarbonate exports from Turkey, together comprising 47% of total exports. Iran, Egypt, Latvia, Germany, Italy and Bulgaria lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +459.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarbonate exported from Turkey were Israel ($X), Uzbekistan ($X) and Egypt ($X), together comprising 44% of total exports. Russia, Iran, Latvia, Germany, Italy and Bulgaria lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Latvia, with a CAGR of +430.3%, recorded 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 2022, the average polycarbonate export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 41%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Egypt ($X per ton), while the average price for exports to Germany ($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 Egypt (+6.5%), while the prices for the other major destinations experienced a decline.

Polycarbonate Imports

Imports into Turkey

In 2022, imports of polycarbonates (in primary forms) into Turkey stood at X tons, increasing by 5% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, polycarbonate imports rose sharply to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +64.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of polycarbonate imports to Turkey, with a combined 56% share of total imports. The Netherlands, China, Spain, Russia and Belgium lagged somewhat behind, together comprising a further 38%.

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 +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Germany ($X) and the Netherlands ($X) constituted the largest polycarbonate suppliers to Turkey, with a combined 56% share of total imports. Saudi Arabia, China, Spain, Belgium and Russia lagged somewhat behind, together accounting for a further 36%.

China, with a CAGR of +31.3%, recorded the highest rates of growth with regard to 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 2022, the average polycarbonate import price amounted to $X per ton, with an increase of 3.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :