Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey - 2022
Contents:
- Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey (FOB) - 2022
- Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey
Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey (FOB) - 2022
The average export price for acids; naphthenic acids, their water-insoluble salts and their esterses stood at $5,414 per ton in 2022, falling by -2.8% against the previous year. Overall, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 6.1%. The export price peaked at $6,073 per ton in 2012; however, from 2013 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 Morocco.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to -1.1% per year.
Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey
In 2022, after three years of growth, there was decline in shipments abroad of acids; naphthenic acids, their water-insoluble salts and their esterses, when their volume decreased by -1% to 117 tons. In general, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2020 with an increase of 2% against the previous year.
In value terms, exports of acids; naphthenic acids, their water-insoluble salts and their esterses fell modestly to $635K in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.2%. As a result, the exports reached the peak of $660K, and then shrank in the following year.
| Export of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 564 | 610 | 660 | 635 | 4.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 564 | 610 | 660 | 635 | 4.0% |
Top Export Markets for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters from Turkey in 2022:
- Morocco (117.3 tons)
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