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Turkey - Polycarbonates (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's September 2023 Polycarbonate Import Dwindles to $15M
Turkey Polycarbonate Imports
In September 2023, supplies from abroad of polycarbonates (in primary forms) decreased by -27.4% to 5.8K tons for the first time since June 2023, thus ending a two-month rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when imports increased by 45% m-o-m. As a result, imports attained the peak of 8.5K tons. From April 2023 to September 2023, the growth of imports remained at a lower figure.
In value terms, polycarbonate imports reduced sharply to $15M (IndexBox estimates) in September 2023. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in March 2023 with an increase of 44% against the previous month. As a result, imports attained the peak of $23M. From April 2023 to September 2023, the growth of imports failed to regain momentum.
COUNTRY | Import Value of Polycarbonate in Turkey (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
South Korea | 4.3 | 3.9 | 3.2 | 3.7 | 4.1 | 4.4 | 7.3 | 4.8 | 6.5 | 6.8 | 5.5 | 7.4 | 4.1 |
Germany | 3.6 | 3.5 | 2.8 | 1.4 | 2.5 | 1.5 | 2.0 | 1.7 | 2.0 | 1.3 | 2.3 | 2.1 | 2.5 |
Netherlands | 2.3 | 1.1 | 0.5 | 1.0 | 1.2 | 1.3 | 2.6 | 1.3 | 2.1 | 2.3 | 1.8 | 2.8 | 1.7 |
Spain | 1.2 | 0.9 | 1.4 | 0.8 | 1.0 | 1.8 | 1.7 | 0.9 | 1.2 | 1.3 | 1.5 | 1.5 | 1.7 |
Russia | 0.7 | 0.8 | 0.8 | 1.5 | 1.9 | 2.4 | 2.9 | 2.6 | 2.8 | 3.3 | 2.3 | 1.6 | 1.6 |
Saudi Arabia | 2.0 | 2.3 | 1.9 | 2.4 | 0.8 | 2.2 | 2.1 | 2.2 | 2.1 | 0.3 | 1.6 | 1.9 | 0.9 |
Belgium | 1.2 | < 0.1 | 0.2 | 0.7 | 0.8 | 0.7 | 0.6 | 0.9 | 1.1 | 0.9 | 0.8 | 1.0 | 0.7 |
Others | 2.3 | 1.4 | 1.0 | 3.1 | 2.0 | 1.5 | 3.3 | 3.5 | 2.9 | 1.6 | 3.3 | 2.6 | 2.0 |
Total | 17.6 | 13.9 | 11.8 | 14.7 | 14.2 | 15.7 | 22.7 | 18.0 | 20.8 | 17.7 | 19.1 | 20.9 | 15.2 |
Imports by Country
South Korea (1.6K tons), Russia (1.2K tons) and Germany (762 tons) were the main suppliers of polycarbonate imports to Turkey, together comprising 61% of total imports.
From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($4.1M), Germany ($2.5M) and the Netherlands ($1.7M) appeared to be the largest polycarbonate suppliers to Turkey, together comprising 54% of total imports. These countries were followed by Spain, Russia, Saudi Arabia and Belgium, which together accounted for a further 32%.
In terms of the main suppliers, Russia, with a CAGR of +7.6%, 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 mixed trend patterns.
Import Prices by Country
In September 2023, the polycarbonate price stood at $2,606 per ton (CIF, Turkey), approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 3.3% against the previous month. The import price peaked at $3,128 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($3,641 per ton), while the price for Russia ($1,350 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.1%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the polycarbonate 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 20164040 - Polycarbonates, in primary forms
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