Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey - 2024
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (CIF) - 2022
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $2,995 per ton, increasing by 34% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +66.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 81%. Over the period under review, average import prices hit record highs at $3,464 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,372 per ton) and the Netherlands ($3,134 per ton), while the price for China ($2,682 per ton) and India ($2,702 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (FOB) - 2022
The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $5,634 per ton in 2022, surging by 39% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 134%. As a result, the export price reached the peak level of $11,573 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($10,572 per ton), while the average price for exports to Libya ($2,646 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 Serbia (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey
Imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into Turkey soared to 2.4K tons in 2022, surging by 49% compared with the year before. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 85%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol surged to $7.2M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 486 | 622 | 560 | 2,564 | 74.1% |
| Germany | 839 | 1,464 | 1,468 | 2,009 | 33.8% |
| India | 466 | 321 | 771 | 1,404 | 44.4% |
| Netherlands | 410 | 609 | 593 | 849 | 27.5% |
| Others | 268 | 145 | 182 | 328 | 7.0% |
| Total | 2,469 | 3,160 | 3,574 | 7,153 | 42.6% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Turkey in 2022:
- China (955.9 tons)
- Germany (595.6 tons)
- India (519.4 tons)
- Netherlands (271.0 tons)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey
After two years of decline, shipments abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by 14% to 49 tons in 2022. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol surged to $274K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 106 | 0% |
| Iran | 104 | 132 | 76.8 | 57.1 | -18.1% |
| Serbia | 7.9 | 12.1 | 21.2 | 30.3 | 56.5% |
| Uzbekistan | 16.4 | 27.4 | 25.4 | 28.5 | 20.2% |
| Azerbaijan | 19.8 | 24.7 | 6.9 | 18.3 | -2.6% |
| Egypt | N/A | N/A | N/A | 11.4 | 0% |
| Libya | N/A | N/A | N/A | 10.6 | 0% |
| Kazakhstan | 25.5 | 5.1 | 4.2 | N/A | -59.4% |
| Others | 44.9 | 11.9 | 39.0 | 11.5 | -36.5% |
| Total | 218 | 214 | 174 | 274 | 7.9% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Turkey in 2022:
- Iran (10.5 tons)
- Russia (10.1 tons)
- Serbia (8.0 tons)
- Uzbekistan (7.5 tons)
- Libya (4.0 tons)
- Azerbaijan (4.0 tons)
- Egypt (3.4 tons)
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This report provides an in-depth analysis of the aromatic alcohols market in Turkey.
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This report provides an in-depth analysis of the alcohols market in Turkey.
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This report provides an in-depth analysis of the global aromatic alcohols market.
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This report provides an in-depth analysis of the global alcohols market.
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This report provides an in-depth analysis of the aromatic alcohols market in Turkey.
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This report provides an in-depth analysis of the global aromatic alcohols market.
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