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Turkey - Esters Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey - 2023
Contents:
- Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (CIF) - 2023
- Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (FOB) - 2023
- Imports of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey
- Exports of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey
Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (CIF) - 2023
In November 2023, the average import price for esters of acetic acid (excluding ethyl acetate) amounted to $1,130 per ton, standing approximately at the previous month. Overall, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 28% against the previous month. Over the period under review, average import prices attained the maximum at $1,530 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($1,663 per ton), while the price for Iran ($790 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Russia (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (FOB) - 2023
The average export price for esters of acetic acid (excluding ethyl acetate) stood at $1,140 per ton in November 2023, declining by -9.5% against the previous month. Overall, the export price recorded a pronounced descent. The growth pace was the most rapid in October 2023 when the average export price increased by 9.4% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,641 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,622 per ton), while the average price for exports to Ukraine ($948 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey
After three years of growth, overseas purchases of esters of acetic acid (excluding ethyl acetate) decreased by -3% to 140K tons in 2022. The total import volume increased at an average annual rate of +7.2% 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 2020 when imports increased by 18%.
In value terms, imports of esters of acetic acid (excluding ethyl acetate) expanded remarkably to $267M in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 21.9 | 15.8 | 66.3 | 73.6 | 49.8% |
Russia | 19.5 | 24.0 | 46.2 | 54.9 | 41.2% |
United States | 19.2 | 21.0 | 44.1 | 43.8 | 31.6% |
Saudi Arabia | 30.5 | 26.7 | 23.1 | 36.9 | 6.6% |
Singapore | 4.5 | 4.1 | 8.6 | 11.8 | 37.9% |
Iran | 0.4 | 1.9 | 11.0 | 10.1 | 193.4% |
Belgium | 3.3 | 4.0 | 7.1 | 8.2 | 35.4% |
Germany | 8.2 | 6.1 | 4.6 | 3.4 | -25.4% |
Others | 8.4 | 10.5 | 40.3 | 24.1 | 42.1% |
Total | 116 | 114 | 251 | 267 | 32.0% |
Top Suppliers of Esters of Acetic Acid (Excluding Ethyl Acetate) to Turkey in 2022:
- China (39.7K tons)
- Russia (30.5K tons)
- United States (24.4K tons)
- Saudi Arabia (20.4K tons)
- Iran (6.1K tons)
- Singapore (5.7K tons)
- Belgium (3.3K tons)
- Germany (1.1K tons)
Exports of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of esters of acetic acid (excluding ethyl acetate), when their volume decreased by -12.3% to 20K tons. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 184%. As a result, the exports reached the peak of 23K tons, and then shrank in the following year.
In value terms, exports of esters of acetic acid (excluding ethyl acetate) shrank to $37M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 516%. As a result, the exports attained the peak of $43M, and then shrank in the following year.
Export of Esters of Acetic Acid (Excluding Ethyl Acetate) in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 3.0 | 2.8 | 4.8 | 6.4 | 28.7% |
Italy | N/A | N/A | 6.6 | 5.0 | -24.2% |
Egypt | 0.4 | 1.3 | 1.3 | 4.7 | 127.3% |
Bulgaria | 0.9 | 0.7 | 4.2 | 4.3 | 68.4% |
Spain | N/A | N/A | 1.8 | 3.6 | 100.0% |
Russia | N/A | 0.2 | 0.2 | 2.2 | 231.7% |
Romania | N/A | N/A | 1.1 | 1.2 | 9.1% |
Germany | N/A | N/A | 1.2 | 1.2 | 0.0% |
Poland | N/A | N/A | 2.0 | 1.1 | -45.0% |
Morocco | N/A | 0.3 | 3.0 | 1.0 | 82.6% |
Ukraine | N/A | 0.1 | 1.8 | 0.9 | 200.0% |
Belgium | 0.5 | N/A | 2.6 | 0.7 | 11.9% |
Netherlands | N/A | 0.1 | 1.3 | 0.6 | 144.9% |
Others | 1.2 | 1.3 | 11.0 | 4.6 | 56.5% |
Total | 6.0 | 7.0 | 42.8 | 37.3 | 83.9% |
Top Export Markets for Esters of Acetic Acid (Excluding Ethyl Acetate) from Turkey in 2022:
- Greece (3.0K tons)
- Italy (2.9K tons)
- Egypt (2.7K tons)
- Bulgaria (2.5K tons)
- Spain (2.1K tons)
- Russia (2.0K tons)
- Germany (0.8K tons)
- Romania (0.7K tons)
- Ukraine (0.6K tons)
- Poland (0.6K tons)
- Netherlands (0.4K tons)
- Morocco (0.4K tons)
- Belgium (0.4K tons)
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The imports of Saturated Acyclic Monocarboxylic Acids experienced steady growth from January to November 2023, reaching a value of $34M in November.
Imports of Ethyl Acetate reached a peak of 65K tons in 2018 but decreased in the following years, settling at a lower level. The value of these imports also declined significantly to $53M in 2023.
The rate of growth for Ethyl Acetate reached its highest point in September 2023, with a significant increase of 159% compared to the previous month. In terms of value, imports of Ethyl Acetate soared to $6M in November 2023.
Explore the top import markets for Esters Of Acetic Acid (excluding Ethyl Acetate) in 2023. Learn about the key countries driving the global market for esters of acetic acid.
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