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Turkey - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlumina Price in Turkey - 2023
Contents:
- Alumina Price in Turkey (CIF) - 2023
- Alumina Price in Turkey (FOB) - 2022
- Alumina Imports in Turkey
- Alumina Exports in Turkey
Alumina Price in Turkey (CIF) - 2023
In July 2023, the average alumina import price amounted to $1,405 per ton, surging by 13% against the previous month. Overall, import price indicated a slight increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, alumina import price increased by +13.4% against May 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 191% m-o-m. Over the period under review, average import prices attained the maximum at $1,556 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,647 per ton), while the price for Bosnia and Herzegovina ($586 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Alumina Price in Turkey (FOB) - 2022
The average alumina export price stood at $660 per ton in 2022, rising by 8.3% against the previous year. Over the last five-year period, it increased at an average annual rate of +8.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26% against the previous year. The export price peaked at $674 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,006 per ton), while the average price for exports to Thailand ($507 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+78.4%), while the prices for the other major destinations experienced more modest paces of growth.
Alumina Imports in Turkey
In 2022, supplies from abroad of alumina decreased by -36% to 24K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, imports attained the peak of 37K tons, and then shrank sharply in the following year.
In value terms, alumina imports fell remarkably to $26M in 2022. Overall, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. As a result, imports attained the peak of $39M, and then reduced sharply in the following year.
Import of Alumina in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 8.1 | 6.3 | 12.2 | 8.2 | 0.4% |
Slovenia | 4.9 | 5.0 | 7.7 | 5.2 | 2.0% |
United States | 3.7 | 4.8 | 5.8 | 3.9 | 1.8% |
China | 1.2 | 2.1 | 4.8 | 3.3 | 40.1% |
France | 2.9 | 2.2 | 2.8 | 1.9 | -13.1% |
Netherlands | 0.7 | 1.1 | 1.9 | 1.3 | 22.9% |
Spain | 0.4 | 0.3 | 1.0 | 0.7 | 20.5% |
Indonesia | 0.8 | 0.5 | 0.5 | 0.4 | -20.6% |
Bosnia and Herzegovina | 0.5 | N/A | 0.6 | 0.4 | -7.2% |
Others | 0.7 | 0.6 | 1.2 | 0.8 | 4.6% |
Total | 23.8 | 22.9 | 38.5 | 26.1 | 3.1% |
Top Suppliers of Alumina to Turkey in 2022:
- Germany (6.6K tons)
- Slovenia (5.6K tons)
- China (3.0K tons)
- France (2.2K tons)
- United States (2.0K tons)
- Netherlands (1.3K tons)
- Spain (1.0K tons)
- Indonesia (0.8K tons)
- Bosnia and Herzegovina (0.5K tons)
Alumina Exports in Turkey
Alumina exports from Turkey shrank to 18K tons in 2022, which is down by -5.5% against 2021 figures. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 538%. As a result, the exports reached the peak of 19K tons, and then fell in the following year.
In value terms, alumina exports totaled $12M in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 477% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Alumina in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3.5 | 165 | 6,954 | 7,373 | 1181.9% |
Germany | 34.2 | 11.5 | 946 | 1,003 | 208.4% |
Italy | 58.5 | 61.2 | 694 | 736 | 132.6% |
Egypt | 545 | 350 | 659 | 699 | 8.6% |
Thailand | 415 | 493 | 609 | 646 | 15.9% |
Japan | 440 | 52.4 | 280 | 303 | -11.7% |
Saudi Arabia | 63.1 | 1.9 | 167 | 177 | 41.0% |
Others | 811 | 884 | 1,336 | 985 | 6.7% |
Total | 2,370 | 2,020 | 11,646 | 11,923 | 71.3% |
Top Export Markets for Alumina from Turkey in 2022:
- Spain (11.3K tons)
- Germany (1.8K tons)
- Egypt (1.4K tons)
- Thailand (1.3K tons)
- Italy (1.0K tons)
- Saudi Arabia (0.3K tons)
- Japan (0.3K tons)
This report provides an in-depth analysis of the alumina 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 24421200 - Aluminium oxide (excluding artificial corundum)
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
-
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
This report provides an in-depth analysis of the alumina market in Turkey.
This report provides an in-depth analysis of the aluminium hydroxide market in Turkey.
This report provides an in-depth analysis of the artificial corundum market in Turkey.
This report provides an in-depth analysis of the global alumina market.
This report provides an in-depth analysis of the global aluminium hydroxide market.
This report provides an in-depth analysis of the global artificial corundum market.
This report provides an in-depth analysis of the alumina market in Turkey.
This report provides an in-depth analysis of the aluminium hydroxide market in Turkey.
This report provides an in-depth analysis of the artificial corundum market in Turkey.
This report provides an in-depth analysis of the global alumina market.
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