Price for Poly(Lactic Acid); in Primary Forms in Turkey - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Turkey (CIF) - 2023
- Price for Poly(Lactic Acid); in Primary Forms in Turkey (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Turkey
- Exports of Poly(Lactic Acid); in Primary Forms in Turkey
Price for Poly(Lactic Acid); in Primary Forms in Turkey (CIF) - 2023
The average import price for poly(lactic acid); in primary formses stood at $3,283 per ton in July 2023, which is down by -1.8% against the previous month. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in November 2022 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs at $4,254 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($3,828 per ton), while the price for Thailand stood at $3,151 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Poly(Lactic Acid); in Primary Forms in Turkey (FOB) - 2022
In 2022, the average export price for poly(lactic acid); in primary formses amounted to $4,400 per ton, increasing by 73% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The export price peaked at $13,850 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,290 per ton), while the average price for exports to Iran ($4,336 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.0%).
Imports of Poly(Lactic Acid); in Primary Forms in Turkey
In 2022, the amount of poly(lactic acid); in primary formses imported into Turkey soared to 1.4K tons, with an increase of 38% compared with the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.5% 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 +102.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, poly(lactic acid); in primary forms imports skyrocketed to $5.6M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 110%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Poly(Lactic Acid); in Primary Forms in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.8 | 4.0 | 2.9 | 4.6 | 36.7% |
| United States | 0.1 | 0.4 | 0.4 | 0.7 | 91.3% |
| Taiwan (Chinese) | N/A | N/A | 0.3 | N/A | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 2.2 | 4.6 | 3.9 | 5.6 | 36.5% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Turkey in 2022:
- Thailand (1175.3 tons)
- United States (193.4 tons)
Exports of Poly(Lactic Acid); in Primary Forms in Turkey
In 2022, approx. 111 tons of poly(lactic acid); in primary formses were exported from Turkey; increasing by 83% on 2021. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 178%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, poly(lactic acid); in primary forms exports skyrocketed to $489K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Poly(Lactic Acid); in Primary Forms in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 459 | 0% |
| Iran | 0.4 | N/A | N/A | 23.2 | 287.1% |
| Germany | 37.0 | 91.1 | 135 | 0.6 | -74.7% |
| Syrian Arab Republic | N/A | N/A | 16.8 | N/A | 0% |
| United States | N/A | 21.9 | N/A | N/A | 0% |
| Others | 9.6 | 6.0 | 2.4 | 5.3 | -18.0% |
| Total | 46.9 | 119 | 155 | 489 | 118.5% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Turkey in 2022:
- Russia (104.2 tons)
- Iran (5.3 tons)
- Germany (0.1 tons)
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