Turkey"s chemicals market, particularly phosphoric acid, offers significant insights into the country"s trade dynamics. In 2024, the export of phosphoric acid and polyphosphoric acids from Turkey reached 9,008,663 kg, totaling $9,945,038. On the import side, Turkey brought in 1,109,705,870 kg, with a value of $617,873,496. This stark contrast highlights Turkey"s dependency on imported phosphoric acid, despite substantial export activity. The average export price of phosphoric acid in 2024 was approximately $1. 10 per kg, while the import price averaged around $0. 56 per kg. This substantial price differential suggests that Turkey imports larger quantities at a lower price, potentially for industrial use, while exporting smaller, more refined batches at a higher price.
The largest export shipments were substantial, such as 5,197,368. 644 kg worth $5,467,456, indicating a robust global demand for Turkish phosphoric acid. Meanwhile, on the import front, massive quantities like 114,958,870 kg valued at $60,645,872 underscore the scale of Turkey"s import operations to meet domestic needs. Looking at these trends, Turkey appears to function as both a significant exporter and importer, highlighting its strategic role in the global phosphoric acid supply chain. Companies involved in Turkey"s chemicals sector can leverage these insights to optimize their trade strategies. For businesses seeking to navigate this complex market, platforms like Aritral offer invaluable tools. Aritral, an AI-driven B2B platform, simplifies international trade in commodities, providing services such as product listing, direct communication, global sales assistance, AI-powered marketing, and profile management, aiding companies in maximizing their reach within the global market. "
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