Price for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey - 2023
Contents:
- Price for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (CIF) - 2023
- Price for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (FOB) - 2022
- Imports of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey
- Exports of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey
Price for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (CIF) - 2023
The average import price for alcohols; unsaturated monohydric, acyclic terpene alcoholses stood at $9,223 per ton in December 2023, reducing by -13.7% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices attained the maximum at $12,714 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat 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 ($14,130 per ton), while the price for China ($7,764 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 Switzerland (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (FOB) - 2022
The average export price for alcohols; unsaturated monohydric, acyclic terpene alcoholses stood at $7,059 per ton in 2022, declining by -27.6% against the previous year. In general, the export price showed a significant decline. The export price peaked at $316,333 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($41,687 per ton), while the average price for exports to India ($2,590 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of alcohols; unsaturated monohydric, acyclic terpene alcoholses, which increased by 44% to 726 tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of alcohols; unsaturated monohydric, acyclic terpene alcoholses soared to $7.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +62.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,295 | 1,015 | 1,044 | 967 | -9.3% |
| China | 931 | 921 | 1,239 | 862 | -2.5% |
| Germany | 918 | 807 | 1,178 | 810 | -4.1% |
| Switzerland | 436 | 602 | 673 | 474 | 2.8% |
| Malaysia | 205 | 228 | 386 | 264 | 8.8% |
| United States | 347 | 387 | 92.0 | 250 | -10.4% |
| Netherlands | 0.9 | 83.6 | 212 | 173 | 477.1% |
| Spain | 916 | 260 | 182 | 155 | -44.7% |
| France | 73.4 | 173 | 210 | 137 | 23.1% |
| Others | 72.8 | 104 | -430.3 | 3,344 | 258.1% |
| Total | 5,196 | 4,581 | 4,785 | 7,437 | 12.7% |
Top Suppliers of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols to Turkey in 2022:
- India (88.1 tons)
- China (88.1 tons)
- Germany (69.7 tons)
- Switzerland (48.2 tons)
- Malaysia (25.1 tons)
- United States (19.6 tons)
- Netherlands (15.3 tons)
- France (13.2 tons)
- Spain (11.6 tons)
Exports of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey
For the third consecutive year, Turkey recorded growth in shipments abroad of alcohols; unsaturated monohydric, acyclic terpene alcoholses, which increased by 59% to 2.4 tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,849% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of alcohols; unsaturated monohydric, acyclic terpene alcoholses soared to $17K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 522%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 0.4 | 1.2 | 10.6 | 414.8% | |
| India | 0.4 | 0.8 | 5.5 | 270.8% | |
| Iran | N/A | 0.1 | 0.7 | 600.0% | |
| Bulgaria | N/A | 21.6 | N/A | 0% | |
| Slovenia | N/A | 5.4 | N/A | 0% | |
| Others | 1.5 | -14.5 | N/A | -1066.7% | |
| Total | 2.4 | 14.7 | 16.9 | 165.4% | |
Top Export Markets for Alcohols; Unsaturated Monohydric, Acyclic Terpene Alcohols from Turkey in 2022:
- India (2138.0 kg)
- Netherlands (254.0 kg)
- Iran (67.0 kg)
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