Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,908 per ton in 2022, surging by 6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Canada ($3,300 per ton), while the price for the United States ($1,773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,788 per ton, which is down by -9.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $3,716 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($4,378 per ton), while the average price for exports to Pakistan ($1,673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Turkey surged to 2.1K tons, with an increase of 39% on the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +44.3% against 2019 indices. 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; propionic acid, its salts and esterses skyrocketed to $6.1M in 2022. In general, 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; Propionic Acid, Its Salts and Esters in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 248 | 1,318 | 1,146 | 1,897 | 97.0% |
| Germany | 654 | 403 | 352 | 966 | 13.9% |
| Canada | 424 | 394 | 749 | 865 | 26.8% |
| Italy | 247 | 200 | 261 | 505 | 26.9% |
| China | 214 | 199 | 289 | 416 | 24.8% |
| United States | 564 | 564 | 350 | 298 | -19.2% |
| Hungary | 67.8 | 55.1 | 33.3 | 89.1 | 9.5% |
| Sweden | N/A | 31.2 | 140 | 73.4 | 53.4% |
| Others | 625 | 706 | 785 | 945 | 14.8% |
| Total | 3,043 | 3,871 | 4,105 | 6,056 | 25.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Turkey in 2022:
- Netherlands (639.0 tons)
- Germany (465.5 tons)
- Canada (262.3 tons)
- Italy (225.7 tons)
- China (169.9 tons)
- United States (168.2 tons)
- Hungary (47.5 tons)
- Sweden (41.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey
In 2022, after two years of decline, there was significant growth in shipments abroad of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, when their volume increased by 594% to 116 tons. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $324K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 85.5 | 46.4 | N/A | 123 | 12.9% |
| Georgia | 3.4 | 2.7 | 25.6 | 54.3 | 151.8% |
| Poland | N/A | N/A | N/A | 40.0 | 0% |
| Greece | 35.8 | N/A | N/A | 31.7 | -4.0% |
| Pakistan | N/A | N/A | N/A | 31.3 | 0% |
| Lebanon | 14.7 | 8.1 | 5.9 | 13.3 | -3.3% |
| Iraq | 6.7 | 8.2 | 7.1 | 12.5 | 23.1% |
| Others | 30.7 | 5.5 | 13.2 | 17.5 | -17.1% |
| Total | 177 | 70.9 | 51.9 | 324 | 22.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Turkey in 2022:
- Iran (40.0 tons)
- Georgia (27.0 tons)
- Pakistan (18.7 tons)
- Greece (10.2 tons)
- Poland (10.0 tons)
- Lebanon (4.0 tons)
- Iraq (2.9 tons)
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