Sulphates; of Aluminium Price in Turkey - 2023
Contents:
- Sulphates; of Aluminium Price in Turkey (FOB) - 2023
- Sulphates; of Aluminium Price in Turkey (CIF) - 2022
- Sulphates; of Aluminium Exports in Turkey
- Sulphates; of Aluminium Imports in Turkey
Sulphates; of Aluminium Price in Turkey (FOB) - 2023
In September 2023, the average sulphates; of aluminium export price amounted to $186 per ton, with an increase of 3.3% against the previous month. Overall, the export price, however, continues to indicate a perceptible decline. Over the period under review, the average export prices hit record highs at $242 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Angola ($224 per ton), while the average price for exports to Ukraine ($135 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+0.5%), while the prices for the other major destinations experienced a decline.
Sulphates; of Aluminium Price in Turkey (CIF) - 2022
The average sulphates; of aluminium import price stood at $507 per ton in 2022, reducing by -24.4% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure at $1,123 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,335 per ton), while the price for Iran ($268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-3.9%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Aluminium Exports in Turkey
In 2022, exports of sulphates; of aluminia from Turkey surged to 91K tons, picking up by 22% on the previous year's figure. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of 99K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sulphates; of aluminium exports skyrocketed to $22M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sulphates; of Aluminium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 846 | 417 | 548 | 2,229 | 38.1% |
| South Africa | 714 | 1,199 | 1,101 | 2,226 | 46.1% |
| Cote d'Ivoire | 539 | 524 | 317 | 1,379 | 36.8% |
| Ukraine | 93.2 | 207 | 105 | 1,245 | 137.3% |
| Cameroon | 409 | 601 | 222 | 1,122 | 40.0% |
| Dominican Republic | 99.7 | 146 | 330 | 1,107 | 123.1% |
| Morocco | 63.0 | 1,358 | 2,437 | 922 | 144.6% |
| United Arab Emirates | 266 | 569 | 1,031 | 750 | 41.3% |
| Peru | 408 | 444 | 130 | 708 | 20.2% |
| Algeria | 53.0 | 133 | 356 | 693 | 135.6% |
| Nigeria | 238 | 592 | 224 | 689 | 42.5% |
| Iraq | 1,444 | 763 | 429 | 569 | -26.7% |
| Senegal | 492 | 451 | 72.1 | 487 | -0.3% |
| Others | 8,336 | 7,090 | 6,270 | 8,033 | -1.2% |
| Total | 14,000 | 14,494 | 13,571 | 22,157 | 16.5% |
Top Export Markets for Sulphates; of Aluminium from Turkey in 2022:
- South Africa (9.3K tons)
- Ghana (8.9K tons)
- Ukraine (6.0K tons)
- Cote d'Ivoire (5.7K tons)
- Cameroon (4.4K tons)
- Morocco (4.2K tons)
- Dominican Republic (3.3K tons)
- United Arab Emirates (3.1K tons)
- Algeria (2.9K tons)
- Peru (2.7K tons)
- Iraq (2.7K tons)
- Nigeria (2.7K tons)
- Senegal (2.2K tons)
Sulphates; of Aluminium Imports in Turkey
In 2022, after two years of decline, there was significant growth in supplies from abroad of sulphates; of aluminia, when their volume increased by 223% to 183 tons. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of aluminium imports surged to $93K in 2022. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Aluminium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.4 | 2.2 | 14.5 | 43.3 | 72.7% |
| Turkmenistan | N/A | N/A | N/A | 20.9 | 0% |
| Iran | N/A | N/A | 0.1 | 13.3 | 13200.0% |
| India | 10.9 | 7.8 | 11.9 | 5.6 | -19.9% |
| Italy | 11.2 | 15.3 | 3.5 | 2.5 | -39.3% |
| China | 19.1 | N/A | N/A | 1.3 | -59.2% |
| Bulgaria | N/A | N/A | 4.0 | N/A | 0% |
| Iraq | N/A | 4.2 | N/A | N/A | 0% |
| Romania | 9.5 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 6.3 | 4.0 | 5.7 | 111.8% |
| Total | 59.7 | 35.8 | 38.0 | 92.6 | 15.8% |
Top Suppliers of Sulphates; of Aluminium to Turkey in 2022:
- Turkmenistan (69.8 tons)
- Germany (51.7 tons)
- Iran (49.5 tons)
- India (5.1 tons)
- Italy (1.9 tons)
- China (1.0 tons)
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