Turkey - Lysine And Its Esters, And Salts Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLysine Price in Turkey - 2023
Contents:
- Lysine Price in Turkey (CIF) - 2023
- Lysine Price in Turkey (FOB) - 2022
- Lysine Imports in Turkey
- Lysine Exports in Turkey
Lysine Price in Turkey (CIF) - 2023
The average lysine import price stood at $1,287 per ton in September 2023, waning by -3.5% against the previous month. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in August 2023 an increase of 6.5% month-to-month. Over the period under review, average import prices reached the maximum at $2,144 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -4.2% per month.
Lysine Price in Turkey (FOB) - 2022
The average lysine export price stood at $3,009 per ton in 2022, growing by 12% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 76% against the previous year. The export price peaked at $3,151 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($4,266 per ton), while the average price for exports to Georgia ($1,906 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 Jordan (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.
Lysine Imports in Turkey
Lysine imports into Turkey surged to 19K tons in 2022, increasing by 31% on the previous year. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 334% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, lysine imports soared to $37M in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 232% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Lysine in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.3 | 6.7 | 22.7 | 31.0 | 44.4% |
| Indonesia | 2.1 | 0.7 | 1.6 | 3.6 | 19.7% |
| South Korea | 1.6 | 0.5 | 0.6 | 1.8 | 4.0% |
| United States | 3.2 | 0.1 | 2.2 | 0.4 | -50.0% |
| Others | 0.4 | 0.1 | 0.3 | 0.5 | 7.7% |
| Total | 17.5 | 8.3 | 27.4 | 37.4 | 28.8% |
Top Suppliers of Lysine to Turkey in 2022:
- China (17.0K tons)
- Indonesia (1.5K tons)
- South Korea (0.7K tons)
- United States (0.2K tons)
Lysine Exports in Turkey
For the third year in a row, Turkey recorded decline in overseas shipments of lysine and its esters, and salts thereof, which decreased by -14.3% to 792 tons in 2022. In general, exports showed a abrupt contraction. The smallest decline of -4.4% was in 2020.
In value terms, lysine exports declined slightly to $2.4M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. As a result, the exports attained the peak of $2.5M, and then fell modestly in the following year.
| Export of Lysine in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 417 | 818 | 990 | 1,286 | 45.6% |
| Russia | N/A | N/A | N/A | 768 | 0% |
| Jordan | N/A | 233 | N/A | 98.2 | -35.1% |
| Ukraine | N/A | N/A | N/A | 89.0 | 0% |
| Iraq | 1.6 | 16.4 | 41.7 | 43.9 | 201.6% |
| Georgia | N/A | 1.1 | 65.8 | 24.8 | 374.8% |
| Netherlands | N/A | N/A | 794 | N/A | 0% |
| Morocco | N/A | 203 | N/A | N/A | 0% |
| Tunisia | N/A | N/A | 284 | N/A | 0% |
| Iran | 1,221 | 1.4 | 2.3 | N/A | -95.7% |
| Others | 291 | 221 | 304 | 72.2 | -37.2% |
| Total | 1,930 | 1,493 | 2,481 | 2,382 | 7.3% |
Top Export Markets for Lysine from Turkey in 2022:
- Azerbaijan (503.0 tons)
- Russia (180.1 tons)
- Jordan (36.0 tons)
- Ukraine (35.0 tons)
- Iraq (13.5 tons)
- Georgia (13.0 tons)
This report provides an in-depth analysis of the lysine 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 21102010 - Lysine and its esters, and salts thereof
Country coverage:
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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