Turkey - Maleic Anhydride - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaleic Anhydride Price in Turkey - 2023
Contents:
- Maleic Anhydride Price in Turkey (CIF) - 2023
- Maleic Anhydride Price in Turkey (FOB) - 2022
- Maleic Anhydride Imports in Turkey
- Maleic Anhydride Exports in Turkey
Maleic Anhydride Price in Turkey (CIF) - 2023
The average maleic anhydride import price stood at $1,007 per ton in July 2023, shrinking by -5.9% against the previous month. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in April 2023 an increase of 6.5% month-to-month. The import price peaked at $2,148 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Malaysia ($1,210 per ton) and South Korea ($1,140 per ton), while the price for Russia ($863 per ton) and Iran ($880 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (-1.5%), while the prices for the other major suppliers experienced a decline.
Maleic Anhydride Price in Turkey (FOB) - 2022
The average maleic anhydride export price stood at $1,540 per ton in 2022, dropping by -33.3% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,785 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($2,688 per ton), while the average price for exports to Iran ($994 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 Spain (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Maleic Anhydride Imports in Turkey
In 2022, the amount of maleic anhydride imported into Turkey expanded sharply to 51K tons, increasing by 5.3% compared with the year before. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, maleic anhydride imports skyrocketed to $104M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 148%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Maleic Anhydride in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.6 | 9.9 | 50.7 | 74.8 | 68.6% |
| Malaysia | 2.0 | 0.5 | 7.7 | 6.7 | 49.6% |
| Russia | N/A | N/A | N/A | 4.4 | 0% |
| Germany | 5.9 | 4.0 | 4.3 | 4.3 | -10.0% |
| South Korea | 4.8 | 6.1 | 4.7 | 3.8 | -7.5% |
| Taiwan (Chinese) | 1.7 | 3.7 | 5.3 | 3.2 | 23.5% |
| United States | 1.2 | 4.2 | 3.0 | 1.2 | 0.0% |
| Austria | 1.4 | 1.7 | 1.3 | 0.9 | -13.7% |
| Others | 2.0 | 2.5 | 3.6 | 4.7 | 33.0% |
| Total | 34.6 | 32.5 | 80.6 | 104 | 44.3% |
Top Suppliers of Maleic Anhydride to Turkey in 2022:
- China (36.1K tons)
- Russia (2.9K tons)
- Malaysia (2.6K tons)
- South Korea (2.4K tons)
- Germany (1.9K tons)
- Taiwan (Chinese) (1.3K tons)
- United States (1.1K tons)
- Austria (0.4K tons)
Maleic Anhydride Exports in Turkey
In 2022, the amount of maleic anhydride exported from Turkey surged to 432 tons, with an increase of 414% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, maleic anhydride exports soared to $665K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Maleic Anhydride in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 3.4 | N/A | N/A | 211 | 295.9% |
| Uzbekistan | 49.6 | 41.2 | 14.6 | 76.3 | 15.4% |
| Serbia | N/A | N/A | N/A | 66.2 | 0% |
| Azerbaijan | 9.1 | 7.1 | 15.9 | 13.0 | 12.6% |
| Bulgaria | 27.5 | 21.0 | N/A | N/A | -23.6% |
| Spain | 22.9 | N/A | 89.7 | N/A | 97.9% |
| Italy | N/A | N/A | 51.9 | N/A | 0% |
| Germany | 128 | N/A | N/A | N/A | 0% |
| Greece | 16.6 | N/A | 22.0 | N/A | 15.1% |
| Others | 7.9 | 3.0 | N/A | 299 | 235.7% |
| Total | 265 | 72.3 | 194 | 665 | 35.9% |
Top Export Markets for Maleic Anhydride from Turkey in 2022:
- Iran (212.6 tons)
- Serbia (44.0 tons)
- Uzbekistan (28.4 tons)
- Azerbaijan (5.0 tons)
This report provides an in-depth analysis of the maleic anhydride market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143387 - Maleic anhydride
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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