Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey - 2023

Contents:

1. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey (CIF) - 2023
2. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey (FOB) - 2022
3. Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey
4. Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey (CIF) - 2023

In December 2023, the average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $2,013 per ton, remaining stable against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 19% month-to-month. As a result, import price attained the peak level of $2,420 per ton. From September 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($2,535 per ton), while the price for China ($1,525 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey (FOB) - 2022

In 2022, the average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $3,036 per ton, surging by 20% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s increased by +30.2% against 2014 indices. The growth pace was the most rapid in 2014 an increase of 31%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,950 per ton), while the average price for exports to the Netherlands ($683 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 Kazakhstan (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey

In 2022, supplies from abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s decreased by -2.2% to 15K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%.

In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s surged to $35M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to Turkey in 2022:

1. China (7.3K tons)
2. Germany (2.8K tons)
3. France (2.4K tons)
4. Belgium (1.1K tons)
5. Czech Republic (0.9K tons)
6. Thailand (0.2K tons)

Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Turkey

In 2022, the amount of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s exported from Turkey surged to 981 tons, jumping by 64% on 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s surged to $3M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from Turkey in 2022:

1. Uzbekistan (170.4 tons)
2. Iraq (156.3 tons)
3. Iran (97.6 tons)
4. Azerbaijan (60.8 tons)
5. Cyprus (58.6 tons)
6. Kazakhstan (57.0 tons)
7. Kyrgyzstan (56.5 tons)
8. Turkmenistan (41.2 tons)
9. Russia (37.0 tons)
10. Poland (30.0 tons)
11. Netherlands (23.5 tons)
12. Syrian Arab Republic (23.0 tons)
13. Lebanon (22.0 tons)

Source: IndexBox Market Intelligence Platform