Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $2,239 per ton in 2022, jumping by 76% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 127% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($6,200 per ton), while the price for Sweden ($685 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,648 per ton in 2022, rising by 19% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 95% against the previous year. Over the period under review, the average export prices attained the maximum at $1,997 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Uzbekistan ($2,081 per ton) and Russia ($2,080 per ton), while the average price for exports to Turkmenistan ($1,466 per ton) and Iraq ($1,486 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -57.1% to 2K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 120%. As a result, imports reached the peak of 7.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses dropped rapidly to $4.5M in 2022. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports attained the peak of $5.9M, and then declined rapidly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 659 | 612 | 1,121 | 1,013 | 15.4% |
| Germany | 483 | 369 | 545 | 659 | 10.9% |
| Sweden | 900 | 977 | 1,185 | 448 | -20.7% |
| Netherlands | 53.8 | 48.0 | 84.0 | 89.5 | 18.5% |
| Others | 2,193 | 2,078 | 2,999 | 2,264 | 1.1% |
| Total | 4,289 | 4,085 | 5,934 | 4,475 | 1.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Turkey in 2022:
- China (778.1 tons)
- Sweden (654.7 tons)
- Germany (483.3 tons)
- Netherlands (75.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which increased by 17% to 284 tons in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 67%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $468K in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 134%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 1.5 | 2.4 | 5.2 | 99.3 | 304.5% |
| Azerbaijan | 21.6 | 21.7 | 40.9 | 56.5 | 37.8% |
| Uzbekistan | 16.0 | 12.6 | 30.3 | 29.2 | 22.2% |
| Iran | N/A | 5.9 | 11.9 | 17.4 | 71.7% |
| Georgia | 5.0 | 11.4 | 8.2 | 14.2 | 41.6% |
| Russia | N/A | N/A | N/A | 7.5 | 0% |
| Turkmenistan | 2.3 | 1.0 | 0.9 | 4.2 | 22.2% |
| Belarus | N/A | N/A | 51.1 | N/A | 0% |
| Ethiopia | 3.7 | 7.6 | 1.4 | N/A | -38.5% |
| Others | 64.7 | 80.9 | 186 | 240 | 54.8% |
| Total | 115 | 144 | 336 | 468 | 59.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Turkey in 2022:
- Iraq (66.8 tons)
- Azerbaijan (34.7 tons)
- Uzbekistan (14.0 tons)
- Iran (11.5 tons)
- Georgia (7.9 tons)
- Russia (3.6 tons)
- Turkmenistan (2.9 tons)
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