Turkey: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Turkey

In 2021, the Turkish market for polyethylene with a specific gravity of less than X, in primary forms increased by 46% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.1% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Turkey

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from Turkey; increasing by 25% against the year before. In general, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X tons), Algeria (X tons) and Italy (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Turkey, together comprising 30% of total exports. Greece, Bulgaria, Spain, China, Serbia, Russia, Egypt, Georgia, Ukraine and Libya lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +132.2%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Italy ($X) and Bulgaria ($X) constituted the largest markets for polyethylene with a specific gravity of less than X exported from Turkey worldwide, with a combined 30% share of total exports. Greece, Israel, Spain, Serbia, Egypt, Libya, Russia, Georgia, Ukraine and China lagged somewhat behind, together comprising a further 39%.

China, with a CAGR of +113.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, picking up by 51% against the previous year. In general, the export price, however, showed a slight curtailment. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Egypt (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Turkey

For the fifth consecutive year, Turkey recorded growth in supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms, which increased by 12% to X tons in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.6% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), the United States (X tons) and Iran (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Turkey, with a combined 61% share of total imports. Qatar, Belgium, Germany, Spain, the Netherlands, Azerbaijan, India, Oman, South Korea and Sweden lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +800.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Turkey were Saudi Arabia ($X), the United States ($X) and Iran ($X), together comprising 57% of total imports. These countries were followed by Qatar, Belgium, Germany, the Netherlands, Spain, India, Azerbaijan, South Korea, Sweden and Oman, which together accounted for a further 30%.

In terms of the main suppliers, Oman, with a CAGR of +605.8%, saw the highest rates of growth with regard to 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 polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 56% against the previous year. In general, the import price, however, showed a slight contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Sweden ($X per ton), while the price for the United States ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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