Turkey: Market for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms 2024

Market Size for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Turkey

The Turkish market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms declined to $X in 2022, dropping by X% against the previous year. In general, consumption saw a noticeable descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Turkey

In value terms, production of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Exports from Turkey

In 2022, approx. X tons of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms were exported from Turkey; reducing by X% on 2021 figures. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms skyrocketed to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Turkey, accounting for a X% share of total exports. Moreover, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Russia exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was held by Iran (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Iran (X% per year).

In value terms, Russia ($X), Iran ($X) and Algeria ($X) appeared to be the largest markets for vinyl chloride-vinyl acetate and other vinyl chloride copolymers exported from Turkey worldwide, with a combined X% share of total exports.

Algeria, with a CAGR of X%, saw the highest growth rate of 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

The average export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price saw resilient growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

Imports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Imports into Turkey

In 2022, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms into Turkey declined significantly to X tons, with a decrease of X% against the year before. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms fell remarkably to $X in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest vinyl chloride-vinyl acetate and other vinyl chloride copolymers supplier to Turkey, with a X% share of total imports. Moreover, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) constituted the largest supplier of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Turkey, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and China (X% per year).

Import Prices by Country

The average import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform