Turkey: Other Chemical Products Market 2024

Other Chemical Products Market Size in Turkey

The Turkish other chemical products market amounted to $X in 2022, growing by 1.8% against the previous year. In general, consumption recorded a resilient increase. Other chemical products consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Turkey

In value terms, other chemical products production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 103%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Other Chemical Products Exports

Exports from Turkey

In 2016, shipments abroad of other chemical products decreased by -2.6% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when exports increased by 8.1% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2016, the growth of the exports failed to regain momentum.

In value terms, other chemical products exports fell to $X in 2016. The total export value increased at an average annual rate of +6.5% from 2012 to 2016; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 12%. Over the period under review, the exports hit record highs at $X in 2015, and then dropped in the following year.

Exports by Country

Iraq (X tons), Russia (X tons) and Germany (X tons) were the main destinations of other chemical products exports from Turkey, together comprising 24% of total exports. Iran, Ukraine, Greece, Saudi Arabia, Chile, Italy, South Korea, Bulgaria, Israel and Romania lagged somewhat behind, together comprising a further 37%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +289.2%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Iran ($X) and Saudi Arabia ($X) were the largest markets for other chemical products exported from Turkey worldwide, together accounting for 29% of total exports. Germany, Romania, Russia, South Korea, Ukraine, Greece, Bulgaria, Italy, Israel and Chile lagged somewhat behind, together accounting for a further 20%.

Chile, with a CAGR of +206.2%, 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

The average other chemical products export price stood at $X per ton in 2016, rising by 2.3% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2016: its price increased at an average annual rate of +9.2% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, other chemical products export price increased by +46.5% against 2013 indices. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. The export price peaked in 2016 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Turkey

In 2016, the amount of other chemical products imported into Turkey reached X tons, picking up by 9% against the previous year. The total import volume increased at an average annual rate of +4.6% from 2012 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports rose markedly to $X in 2016. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 5.8%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, Germany (X tons) constituted the largest other chemical products supplier to Turkey, with a 30% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2016, the average annual growth rate of volume from Germany stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.1% per year) and France (+20.7% per year).

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Turkey, comprising 31% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by Ireland, with an 8.6% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Germany totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.5% per year) and Ireland (-10.7% per year).

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, which is down by -3.2% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 a decrease of -0.2%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Free Zones (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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