Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey - 2023

Contents:

1. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey (FOB) - 2022
2. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey (CIF) - 2022
3. Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey
4. Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey (FOB) - 2022

The average export price for liquefied ethylene, propylene, butylene and butadienes stood at $940 per ton in 2022, with an increase of 32% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62%. The export price peaked at $1,100 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Belgium ($5,362 per ton), while the average price for exports to South Korea ($764 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 Belgium (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey (CIF) - 2022

In 2022, the average import price for liquefied ethylene, propylene, butylene and butadienes amounted to $5,890 per ton, jumping by 61% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 liquefied ethylene, propylene, butylene and butadienes increased by +68.2% 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 Belgium ($25,246 per ton), while the price for the Netherlands ($145 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey

In 2022, the amount of liquefied ethylene, propylene, butylene and butadienes exported from Turkey surged to 140K tons, increasing by 26% compared with 2021. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquefied ethylene, propylene, butylene and butadienes soared to $132M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Ethylene, Propylene, Butylene and Butadiene from Turkey in 2022:

Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in Turkey

In 2022, approx. 538 kg of liquefied ethylene, propylene, butylene and butadienes were imported into Turkey; with a decrease of -47.2% against the previous year's figure. Over the period under review, imports showed a significant curtailment. The smallest decline of -18.6% was in 2021.

In value terms, imports of liquefied ethylene, propylene, butylene and butadienes contracted to $3.2K in 2022. In general, imports continue to indicate a dramatic slump.

Top Suppliers of Liquefied Ethylene, Propylene, Butylene and Butadiene to Turkey in 2022:

1. Netherlands (235.0 kg)
2. United States (89.0 kg)
3. South Korea (58.0 kg)
4. Austria (20.0 kg)
5. China (15.0 kg)
6. United Kingdom (11.0 kg)
7. Italy (7.0 kg)
8. Belgium (7.0 kg)
9. Germany (6.0 kg)

Source: IndexBox Market Intelligence Platform