Turkey - Palmitic Acid, Stearic Acid, Their Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey - 2023
Contents:
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (FOB) - 2023
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (CIF) - 2023
- Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey
- Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (FOB) - 2023
The average export price for palmitic acid, stearic acid, their salts and esters stood at $2,080 per ton in November 2023, surging by 5.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 20% against the previous month. The export price peaked at $2,646 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($5,452 per ton), while the average price for exports to Algeria ($1,351 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (CIF) - 2023
In November 2023, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $2,949 per ton, increasing by 38% against the previous month. In general, the import price, however, showed a mild setback. The import price peaked at $3,485 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,226 per ton), while the price for China ($1,492 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced a decline.
Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey
After three years of growth, shipments abroad of palmitic acid, stearic acid, their salts and esters decreased by -0.5% to 10K tons in 2022. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year.
In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $28M in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 53%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
Export of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 1.3 | 3.3 | 4.7 | 6.3 | 69.2% |
United States | 1.4 | 2.2 | 3.3 | 4.3 | 45.4% |
Russia | 1.6 | 1.6 | 2.8 | 4.3 | 39.0% |
Egypt | 1.3 | 1.7 | 2.9 | 3.6 | 40.4% |
Slovakia | 1.4 | 1.0 | 1.3 | 1.8 | 8.7% |
Germany | 1.0 | 0.8 | 1.2 | 1.6 | 17.0% |
Brazil | 0.2 | 0.6 | 0.8 | 0.9 | 65.1% |
Israel | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
Iran | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
Uzbekistan | 0.4 | 0.6 | 0.4 | 0.4 | 0.0% |
Italy | 0.4 | 0.3 | 0.7 | 0.3 | -9.1% |
United Kingdom | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
Others | 3.0 | 2.2 | 3.8 | 3.3 | 3.2% |
Total | 12.9 | 15.0 | 22.9 | 28.1 | 29.6% |
Top Export Markets for Palmitic Acid, Stearic Acid, Their Salts and Esters from Turkey in 2022:
- Austria (2576.2 tons)
- United States (1847.9 tons)
- Egypt (1558.9 tons)
- Russia (1383.4 tons)
- Germany (639.3 tons)
- Israel (240.0 tons)
- Uzbekistan (184.6 tons)
- Iran (182.3 tons)
- Slovakia (180.3 tons)
- Brazil (162.1 tons)
- Italy (149.6 tons)
- United Kingdom (89.6 tons)
Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey
In 2022, after three years of growth, there was decline in purchases abroad of palmitic acid, stearic acid, their salts and esters, when their volume decreased by -4.9% to 5K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +44.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 5.3K tons, and then reduced slightly in the following year.
In value terms, imports of palmitic acid, stearic acid, their salts and esters surged to $17M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Palmitic Acid, Stearic Acid, Their Salts and Esters in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 0.9 | 1.2 | 3.4 | 6.8 | 96.2% |
Italy | 1.9 | 2.1 | 2.6 | 2.9 | 15.1% |
India | 0.9 | 0.6 | 1.4 | 1.9 | 28.3% |
China | 0.4 | 0.3 | 1.0 | 1.1 | 40.1% |
Germany | 0.4 | 0.8 | 1.0 | 0.7 | 20.5% |
Spain | 0.5 | 0.6 | 0.6 | 0.7 | 11.9% |
Singapore | 0.2 | 0.3 | 0.2 | 0.5 | 35.7% |
Denmark | N/A | N/A | N/A | 0.4 | 0% |
Others | 1.5 | 1.9 | 2.1 | 2.5 | 18.6% |
Total | 6.8 | 7.8 | 12.3 | 17.5 | 37.0% |
Top Suppliers of Palmitic Acid, Stearic Acid, Their Salts and Esters to Turkey in 2022:
- Malaysia (3713.8 tons)
- Italy (954.2 tons)
- India (657.6 tons)
- China (459.6 tons)
- Germany (216.8 tons)
- Spain (212.4 tons)
- Denmark (178.1 tons)
- Singapore (129.5 tons)
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters 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 20143235 - Palmitic acid, stearic acid, their salts and esters
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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