Turkey: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Turkey

The Turkish polyolefins other than polypropylene market shrank to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight slump. Polyolefins other than polypropylene consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Polyolefins other than Polypropylene in Turkey

In value terms, polyolefins other than polypropylene production expanded to $X in 2023 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Exports of Polyolefins other than Polypropylene

Exports from Turkey

In 2023, overseas shipments of polyolefins other than polypropylene decreased by X% to X tons for the first time since 2013, thus ending a nine-year rising trend. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, polyolefins other than polypropylene exports fell to $X in 2023. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

Ukraine (X tons), Azerbaijan (X tons) and Russia (X tons) were the main destinations of polyolefins other than polypropylene exports from Turkey, together comprising X% of total exports. Bulgaria, Algeria, Iran, Libya, Kazakhstan, Finland, Egypt, the UK, Syrian Arab Republic and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, Azerbaijan ($X) emerged as the key foreign market for polyolefins other than polypropylene exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2023, the average polyolefins other than polypropylene export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, 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 Azerbaijan ($X per ton), while the average price for exports to Egypt ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyolefins other than Polypropylene

Imports into Turkey

In 2023, approx. X tons of polyolefins other than polypropylene were imported into Turkey; growing by X% compared with 2022 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene imports reduced sharply to $X in 2023. In general, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of polyolefins other than polypropylene imports to Turkey, with a combined X% share of total imports. Spain, the United Arab Emirates, Israel, Singapore, France, Germany, the Netherlands, Austria and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyolefins other than polypropylene suppliers to Turkey were Saudi Arabia ($X), South Korea ($X) and Belgium ($X), together accounting for X% of total imports. Spain, the United Arab Emirates, Singapore, France, Germany, Israel, the Netherlands, Italy and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then fell notably in the following year.

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

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

Source: IndexBox Platform