Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,880 per ton in 2022, rising by 41% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by +60.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 India ($12,578 per ton), while the price for Finland ($1,605 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $4,317 per ton, with an increase of 62% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 367% against the previous year. As a result, the export price reached the peak level of $9,800 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($8,120 per ton), while the average price for exports to Azerbaijan ($2,005 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+126.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey
In 2022, approx. 390 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Turkey; with an increase of 11% compared with 2021. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $1.1M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 217 | 194 | 198 | 491 | 31.3% |
| Finland | 147 | 120 | 245 | 170 | 5.0% |
| Italy | 34.7 | 18.2 | 28.6 | 155 | 64.7% |
| China | 64.5 | 77.4 | 111 | 78.8 | 6.9% |
| India | 41.4 | 67.9 | 23.5 | 39.4 | -1.6% |
| Others | 86.9 | 110 | 111 | 188 | 29.3% |
| Total | 591 | 587 | 716 | 1,123 | 23.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Turkey in 2022:
- Germany (208.5 tons)
- Finland (106.2 tons)
- Italy (40.0 tons)
- China (25.4 tons)
- India (3.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey
In 2022, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids from Turkey soared to 4.5 tons, rising by 892% on the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 5,550%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $19K in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 19,917% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | N/A | N/A | N/A | 6.8 | 0% |
| Azerbaijan | N/A | N/A | N/A | 4.8 | 0% |
| Russia | N/A | N/A | N/A | 3.4 | 0% |
| Belarus | N/A | N/A | 0.8 | 1.8 | 125.0% |
| Egypt | N/A | N/A | N/A | 0.9 | 0% |
| Bulgaria | N/A | N/A | N/A | 0.6 | 0% |
| Argentina | 0.4 | N/A | N/A | N/A | 0% |
| Netherlands | 1.3 | N/A | N/A | N/A | 0% |
| United States | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.4 | 1.1 | 122.4% |
| Total | 3.1 | N/A | 1.2 | 19.4 | 84.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Turkey in 2022:
- Azerbaijan (2388.0 kg)
- Georgia (836.0 kg)
- Belarus (478.0 kg)
- Russia (418.0 kg)
- Egypt (184.0 kg)
- Bulgaria (119.0 kg)
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