Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey (CIF) - 2023

In December 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $7,800 per ton, with a decrease of -25.4% against the previous month. In general, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in September 2023 an increase of 56% month-to-month. Over the period under review, average import prices attained the peak figure at $16,861 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($54,588 per ton), while the price for China ($7,677 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 France (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey (FOB) - 2022

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $8,120 per ton in 2022, growing by 50% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $8,443 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($10,757 per ton), while the average price for exports to Turkmenistan ($6,930 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 China (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses imported into Turkey reduced modestly to 1.8K tons, remaining stable against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5% against the previous year. As a result, imports attained the peak of 1.8K tons, and then reduced modestly in the following year.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $19M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.6% 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 +80.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Turkey in 2022:

1. China (1516.3 tons)
2. Norway (239.3 tons)
3. France (30.9 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Turkey

Exports of polymers, natural; alginic acid, its salts and esters, in primary formses from Turkey was estimated at 166 tons in 2022, surging by 3.2% against 2021. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses surged to $1.3M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 105% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Turkey in 2022:

1. Russia (59.3 tons)
2. Uzbekistan (50.2 tons)
3. Iran (12.1 tons)
4. Pakistan (8.3 tons)
5. Turkmenistan (7.7 tons)
6. Sri Lanka (5.8 tons)
7. Egypt (4.8 tons)

Source: IndexBox Market Intelligence Platform