Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (CIF) - 2022
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (FOB) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (CIF) - 2022
The average import price for polyphenols; hydroquinone (quinol) and its saltses stood at $19,074 per ton in 2022, rising by 43% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($32,796 per ton), while the price for the United States ($7,161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (FOB) - 2022
The average export price for polyphenols; hydroquinone (quinol) and its saltses stood at $14,648 per ton in 2022, increasing by 29% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47%. The export price peaked at $28,057 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Serbia.
From 2013 to 2022, the rate of growth in terms of prices for Serbia amounted to +14.5% per year.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey
In 2022, the amount of polyphenols; hydroquinone (quinol) and its saltses imported into Turkey contracted sharply to 65 tons, reducing by -50.9% compared with the previous year. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 232%. As a result, imports attained the peak of 133 tons, and then dropped significantly in the following year.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses shrank significantly to $1.2M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 393%. As a result, imports reached the peak of $1.8M, and then reduced notably in the following year.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 149 | 149 | 422 | 560 | 55.5% |
| China | 179 | 49.1 | 405 | 471 | 38.1% |
| France | 228 | 102 | 720 | 205 | -3.5% |
| United States | 59.0 | 53.8 | 145 | 2.3 | -66.1% |
| Croatia | N/A | N/A | 73.7 | N/A | 0% |
| Others | 67.0 | 6.1 | 7.7 | 7.1 | -52.7% |
| Total | 682 | 360 | 1,773 | 1,246 | 22.2% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to Turkey in 2022:
- India (34.1 tons)
- France (16.3 tons)
- China (14.4 tons)
- United States (0.3 tons)
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey
In 2022, approx. 19 tons of polyphenols; hydroquinone (quinol) and its saltses were exported from Turkey; rising by 24% on 2021 figures. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,024%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses skyrocketed to $271K in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,004% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | N/A | 13.3 | 168 | 269 | 349.7% |
| Iran | 71.6 | 1.6 | N/A | N/A | -97.8% |
| Others | 0.2 | 0.5 | 2.2 | 1.9 | 111.8% |
| Total | 71.9 | 15.4 | 170 | 271 | 55.6% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from Turkey in 2022:
- Serbia (18.5 tons)
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