Turkey - Acrylic Polymers, in Primary Forms (excluding Polymethyl Methacrylate) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Market for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) 2024
Market Size for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) in Turkey
In 2023, the Turkish market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then fell remarkably in the following year.
Production of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) in Turkey
In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2023 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.
Exports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)
Exports from Turkey
For the twelfth consecutive year, Turkey recorded growth in shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), which increased by X% to X tons in 2023. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.
In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) dropped to $X in 2023. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then declined in the following year.
Exports by Country
Russia (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Turkey, accounting for a X% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Russia exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was taken by Algeria (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Algeria (X% per year).
In value terms, Russia ($X), Iran ($X) and Egypt ($X) constituted the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Turkey worldwide, with a combined X% share of total exports. Algeria, Italy, Germany, Romania, Uzbekistan, the United States, Israel, Nigeria, Greece and Serbia lagged somewhat behind, together comprising a further X%.
Serbia, with a CAGR of X%, recorded 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
In 2023, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Nigeria ($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 Iran (X%), while the prices for the other major destinations experienced a decline.
Imports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)
Imports into Turkey
In 2023, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were imported into Turkey; falling by X% against the previous year's figure. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then fell in the following year.
In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) contracted rapidly to $X in 2023. In general, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.
Imports by Country
In 2023, South Korea (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Turkey, accounting for a X% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Belgium (X% per year).
In value terms, South Korea ($X), Germany ($X) and Belgium ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Turkey, together comprising X% of total imports. France, Taiwan (Chinese), China, Japan and Saudi Arabia lagged somewhat behind, together comprising a further X%.
Saudi Arabia, with a CAGR of X%, saw the highest growth rate of 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
The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) 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 20165390 - Acrylic polymers, in primary forms (excluding polymethyl methacrylate)
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
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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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