Turkey - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in Turkey - 2023
Contents:
- Price for Urea and Thiourea Resins in Turkey (FOB) - 2023
- Price for Urea and Thiourea Resins in Turkey (CIF) - 2023
- Exports of Urea and Thiourea Resins in Turkey
- Imports of Urea and Thiourea Resins in Turkey
Price for Urea and Thiourea Resins in Turkey (FOB) - 2023
The average urea and thiourea resins export price stood at $644 per ton in July 2023, which is down by -10% against the previous month. In general, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 23% against the previous month. As a result, the export price reached the peak level of $1,026 per ton. From September 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($1,950 per ton), while the average price for exports to Romania ($382 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Urea and Thiourea Resins in Turkey (CIF) - 2023
The average urea and thiourea resins import price stood at $2,241 per ton in July 2023, reducing by -25.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 132% against the previous month. The import price peaked at $2,995 per ton in June 2023, and then declined significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,964 per ton), while the price for Greece ($479 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Urea and Thiourea Resins in Turkey
In 2022, the amount of urea resins and thiourea resins in primary forms exported from Turkey surged to 70K tons, jumping by 52% against the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.3% against 2020 indices.
In value terms, urea and thiourea resins exports soared to $61M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Urea and Thiourea Resins in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 6.4 | 5.3 | 13.5 | 29.5 | 66.4% |
Greece | 3.4 | 2.3 | 5.1 | 6.2 | 22.2% |
Romania | 9.0 | 12.1 | 2.3 | 5.0 | -17.8% |
Italy | 0.2 | 0.3 | 0.5 | 4.3 | 178.1% |
Denmark | 0.6 | 0.8 | 1.9 | 3.5 | 80.0% |
Russia | 0.8 | 0.9 | 0.8 | 1.8 | 31.0% |
Australia | 1.0 | 0.7 | 1.5 | 1.2 | 6.3% |
Others | 7.9 | 10.1 | 11.1 | 9.3 | 5.6% |
Total | 29.2 | 32.5 | 36.7 | 60.9 | 27.8% |
Top Export Markets for Urea and Thiourea Resins from Turkey in 2022:
- Bulgaria (33.8K tons)
- Greece (9.6K tons)
- Romania (8.9K tons)
- Italy (5.4K tons)
- Denmark (2.3K tons)
- Australia (2.0K tons)
- Russia (1.2K tons)
Imports of Urea and Thiourea Resins in Turkey
In 2022, overseas purchases of urea resins and thiourea resins in primary forms decreased by -33.5% to 3K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 145% against the previous year. As a result, imports attained the peak of 4.6K tons, and then shrank markedly in the following year.
In value terms, urea and thiourea resins imports contracted to $4.7M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +33.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $5M, and then declined in the following year.
Import of Urea and Thiourea Resins in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 413 | 393 | 531 | 1,088 | 38.1% |
Germany | 998 | 585 | 578 | 1,070 | 2.3% |
Egypt | 257 | 70.4 | 1,493 | 711 | 40.4% |
United States | 636 | 536 | 442 | 696 | 3.1% |
Iran | 11.9 | N/A | 316 | 399 | 222.5% |
Norway | 67.4 | 192 | 118 | 177 | 38.0% |
Spain | 771 | 1,257 | 1,233 | 102 | -49.0% |
Belgium | N/A | N/A | N/A | 94.3 | 0% |
Slovenia | 45.5 | 74.2 | 33.7 | 61.0 | 10.3% |
Sweden | 116 | 151 | 103 | 55.9 | -21.6% |
Others | 211 | 408 | 162 | 249 | 5.7% |
Total | 3,526 | 3,667 | 5,008 | 4,702 | 10.1% |
Top Suppliers of Urea and Thiourea Resins to Turkey in 2022:
- Iran (907.8 tons)
- Egypt (783.8 tons)
- Italy (588.8 tons)
- Germany (232.8 tons)
- United States (117.6 tons)
- Belgium (100.0 tons)
- Norway (65.6 tons)
- Spain (59.1 tons)
- Slovenia (45.8 tons)
- Sweden (43.1 tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, in primary forms
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
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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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