Turkey: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Turkey

The Turkish reaction initiators and accelerators market dropped to $X in 2022, with a decrease of -14.4% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Reaction initiators and accelerators consumption peaked at $X in 2021, and then shrank in the following year.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Turkey

In value terms, reaction initiators and accelerators production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 87% against the previous year. Reaction initiators and accelerators production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Turkey

In 2022, the amount of reaction initiators, reaction accelerators and catalytic preparations exported from Turkey rose rapidly to X tons, growing by 6.1% on 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 257%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, reaction initiators and accelerators exports fell remarkably to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 383%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

France (X tons), Iraq (X tons) and Russia (X tons) were the main destinations of reaction initiators and accelerators exports from Turkey, with a combined 37% share of total exports. Poland, Uzbekistan, Egypt, Iran, Algeria, Azerbaijan, Romania, Qatar, Israel and Colombia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +210.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Turkey, comprising 37% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Iran, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan amounted to +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+48.6% per year) and Iran (+0.0% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, declining by -52.2% against the previous year. Overall, the export price, however, posted a tangible increase. The growth pace was the most rapid in 2020 when the average export price increased by 136%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Romania ($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 Uzbekistan (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Turkey

In 2022, after two years of growth, there was significant decline in supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -12.5% to X tons. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 82%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, reaction initiators and accelerators imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 153%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Germany (X tons), South Africa (X tons) and the Netherlands (X tons) were the main suppliers of reaction initiators and accelerators imports to Turkey, together accounting for 42% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +240.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reaction initiators and accelerators suppliers to Turkey were Germany ($X), South Africa ($X) and the United States ($X), with a combined 61% share of total imports.

Among the main suppliers, South Africa, with a CAGR of +286.2%, 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 reaction initiators and accelerators import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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