Turkey: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Turkey

The Turkish market for unsaturated polyesters in primary forms rose remarkably to $X in 2023, picking up by X% against the previous year. In general, consumption recorded a remarkable increase. Unsaturated polyesters in primary forms consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Turkey

In value terms, unsaturated polyesters in primary forms production soared to $X in 2023 estimated in export price. Overall, production recorded a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Turkey

For the seventh consecutive year, Turkey recorded growth in overseas shipments of unsaturated polyesters in primary forms, which increased by X% to X tons in 2023. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, unsaturated polyesters in primary forms exports reduced rapidly to $X in 2023. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for unsaturated polyesters in primary forms exports from Turkey, accounting for a X% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Spain exceeded the volume sent to the second major destination, Iraq (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the United States (X% per year).

In value terms, Spain ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Turkey

In 2023, purchases abroad of unsaturated polyesters in primary forms decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2022, and then shrank markedly in the following year.

In value terms, unsaturated polyesters in primary forms imports contracted to $X in 2023. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Turkey, with a combined X% share of total imports. The United Arab Emirates, the UK, India, Iran, Spain, Slovenia, the Netherlands, Poland, Japan and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the UK ($X) constituted the largest unsaturated polyesters in primary forms suppliers to Turkey, with a combined X% share of total imports. Japan, France, the United Arab Emirates, India, Spain, the Netherlands, Slovenia, Poland, Iran and Norway lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform