Turkey: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Turkey

The Turkish prepared rubber accelerators market rose remarkably to $X in 2021, increasing by 11% against the previous year. Overall, consumption enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Rubber Accelerators Production in Turkey

In value terms, prepared rubber accelerators production rose sharply to $X in 2021 estimated in export price. Over the period under review, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports from Turkey

In 2021, exports of prepared rubber accelerators from Turkey skyrocketed to X tons, jumping by 79% compared with the year before. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 182%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 176%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Bulgaria (X tons) and Slovakia (X tons) were the main destinations of prepared rubber accelerators exports from Turkey, with a combined 63% share of total exports. Iran, Mexico, the UK, Italy, India, Germany, Russia and Romania lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +1,322.7%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for prepared rubber accelerators exports from Turkey, comprising 36% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 16% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia totaled +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+170.2% per year) and Italy (+60.8% per year).

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2021, waning by -25.6% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the United States ($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 United Arab Emirates (+59.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Turkey

In 2021, prepared rubber accelerators imports into Turkey totaled X tons, picking up by 11% on 2020. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest prepared rubber accelerators supplier to Turkey, accounting for a 38% share of total imports. Moreover, prepared rubber accelerators imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and France (-0.5% per year).

In value terms, the largest prepared rubber accelerators suppliers to Turkey were Italy ($X), Germany ($X) and China ($X), with a combined 66% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +13.9%, 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 2021, the average prepared rubber accelerators import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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