Report Update Nov 1, 2024

Turkey - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Turkey

For the seventh consecutive year, the Turkish polycarboxylic acid market recorded growth in sales value, which increased by 33% to $X in 2022. In general, consumption saw buoyant growth. Polycarboxylic acid consumption peaked in 2022 and is expected to retain growth in the near future.

Polycarboxylic Acid Production in Turkey

In value terms, polycarboxylic acid production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 4.2%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports from Turkey

In 2022, overseas shipments of polycarboxylic acids increased by 6.6% to X tons, rising for the third year in a row after two years of decline. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, polycarboxylic acid exports expanded notably to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 190%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons), China (X tons) and the United States (X tons) were the main destinations of polycarboxylic acid exports from Turkey, with a combined 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +73.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarboxylic acid exported from Turkey were Italy ($X), the United States ($X) and China ($X), together accounting for 33% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +69.9%, 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 2022, the average polycarboxylic acid export price amounted to $X per ton, increasing by 3.7% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid export price increased by +63.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($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 (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Turkey

For the eleventh consecutive year, Turkey recorded growth in supplies from abroad of polycarboxylic acids, which increased by 39% to X tons in 2022. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polycarboxylic acid imports soared to $X in 2022. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Portugal (X tons) were the main suppliers of polycarboxylic acid imports to Turkey, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Portugal ($X) constituted the largest polycarboxylic acid suppliers to Turkey, together accounting for 83% of total imports.

Among the main suppliers, China, with a CAGR of +51.7%, 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

In 2022, the average polycarboxylic acid import price amounted to $X per ton, with an increase of 2.5% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 70%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polycarboxylic acids in the world?

The countries with the highest volumes of in 2021 were China, India and Turkey, together comprising 35% of global consumption.

What are the largest producers of polycarboxylic acids in the world?

China remains the largest polycarboxylic acid producing country worldwide, comprising approx. 22% of total volume. Moreover, polycarboxylic acid production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. Taiwan Chinese) ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of polycarboxylic acids to Turkey?

In value terms, South Korea, China and Portugal constituted the largest polycarboxylic acid suppliers to Turkey, together accounting for 72% of total imports.

What are the leading importers of polycarboxylic acids from Turkey?

In value terms, Italy, Spain and Egypt appeared to be the largest markets for polycarboxylic acid exported from Turkey worldwide, with a combined 39% share of total exports. The UK, the United States, Poland, the Netherlands, Portugal, France, Germany, China, Morocco and Canada lagged somewhat behind, together comprising a further 40%.

What is the average export price for polycarboxylic acids in Turkey?

The average polycarboxylic acid export price stood at $1,453 per ton in 2021, picking up by 35% against the previous year.

What is the average import price for polycarboxylic acids in Turkey?

The average polycarboxylic acid import price stood at $840 per ton in 2021, jumping by 40% against the previous year.

This report provides an in-depth analysis of the polycarboxylic acid market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
Prodcom 20143385 - Adipic acid, its salts and esters
Prodcom 20143387 - Maleic anhydride
Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
Prodcom 20143420 - Other esters of orthophthalic acid
Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023