Turkey - Denatured Ethyl Alcohol and Other Denatured Spirits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Denatured Ethyl Alcohol Market 2024
Denatured Ethyl Alcohol Market Size in Turkey
After two years of decline, the Turkish denatured ethyl alcohol market increased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed a noticeable expansion. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.
Denatured Ethyl Alcohol Production in Turkey
In value terms, denatured ethyl alcohol production surged to $X in 2023 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.
Denatured Ethyl Alcohol Exports
Exports from Turkey
In 2023, the amount of denatured ethyl alcohol and other denatured spirits exported from Turkey dropped remarkably to X litres, falling by X% on 2022 figures. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X litres. From 2022 to 2023, the growth of the exports remained at a lower figure.
In value terms, denatured ethyl alcohol exports dropped rapidly to $X in 2023. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Iraq (X litres) was the main destination for denatured ethyl alcohol exports from Turkey, accounting for a X% share of total exports. Moreover, denatured ethyl alcohol exports to Iraq exceeded the volume sent to the second major destination, the UK (X litres), twofold. Lebanon (X litres) ranked third in terms of total exports with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Lebanon (X% per year).
In value terms, the largest markets for denatured ethyl alcohol exported from Turkey were Iraq ($X), the UK ($X) and Lebanon ($X), with a combined X% share of total exports.
In terms of the main countries of destination, Lebanon, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average denatured ethyl alcohol export price amounted to $X per litre, jumping by X% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per litre in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to Israel ($X per litre) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced a decline.
Denatured Ethyl Alcohol Imports
Imports into Turkey
In 2023, the amount of denatured ethyl alcohol and other denatured spirits imported into Turkey contracted notably to X litres, which is down by X% against the year before. Overall, imports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X litres. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, denatured ethyl alcohol imports declined sharply to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2023, Russia (X litres) constituted the largest supplier of denatured ethyl alcohol to Turkey, accounting for a X% share of total imports. Moreover, denatured ethyl alcohol imports from Russia exceeded the figures recorded by the second-largest supplier, South Africa (X litres), twofold. The third position in this ranking was held by Pakistan (X litres), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Pakistan (X% per year).
In value terms, Russia ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Turkey, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total imports. It was followed by South Africa, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and South Africa (X% per year).
Import Prices by Country
The average denatured ethyl alcohol import price stood at $X per litre in 2023, which is down by X% against the previous year. Overall, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per litre) and Pakistan ($X per litre), while the price for South Africa ($X per litre) and Russia ($X per litre) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the denatured ethyl alcohol market 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 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
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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