Turkey: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Turkey

The Turkish market for benzaldehyde and other cyclic aldehydes without other oxygen function dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a slight curtailment. Benzaldehyde and other cyclic aldehydes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Turkey

In value terms, benzaldehyde and other cyclic aldehydes production declined to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Benzaldehyde and other cyclic aldehydes production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports from Turkey

Benzaldehyde and other cyclic aldehydes exports from Turkey soared to X tons in 2022, surging by X% against the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzaldehyde and other cyclic aldehydes exports reduced to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Bulgaria (X kg), Indonesia (X kg) and Russia (X kg) were the main destinations of benzaldehyde and other cyclic aldehydes exports from Turkey, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Iraq ($X) and Bulgaria ($X) constituted the largest markets for benzaldehyde and other cyclic aldehydes exported from Turkey worldwide, together comprising X% of total exports. Indonesia, South Africa, Iran, Spain and India lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for benzaldehyde and other cyclic aldehydes without other oxygen function stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, showed a strong increase. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to India ($X 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 Turkmenistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports into Turkey

In 2022, overseas purchases of benzaldehyde and other cyclic aldehydes without other oxygen function were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, benzaldehyde and other cyclic aldehydes imports expanded remarkably to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X tons), Spain (X tons) and India (X tons) were the main suppliers of benzaldehyde and other cyclic aldehydes imports to Turkey, with a combined X% share of total imports. China, Germany, the United States and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and India ($X) constituted the largest benzaldehyde and other cyclic aldehydes suppliers to Turkey, together accounting for X% of total imports. China, the United States, Germany and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for benzaldehyde and other cyclic aldehydes without other oxygen function stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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