Monocarboxylic fatty acids and acid oils from refining market Turkey

Earlier Report Observations

From 2018 to 2020, the market volume for industrial fatty acids and acid oils in Turkey initially rose from 166 thousand tonnes to 173 thousand tonnes in 2019, partly due to the entry of new players and capacity expansions by existing firms. However, in 2020, supply chain disruptions caused by the COVID-19 pandemic contributed to a decline in the market to 166 thousand tonnes. Concurrently, updated regulations on waste oil management mandated licensed transportation and advanced recovery technologies, affecting producer operations.

In 2021, a sharp 151% surge in imports intensified competitive pressure, supporting a modest market recovery to 170 thousand tonnes. The following year, the introduction of import tariff quotas valid until February 2026 provided flexibility in raw material sourcing, helping to drive market growth to 198 thousand tonnes. During this period, regulations on waste oil disposal were further tightened with heavy penalties for unlicensed activities.

The market volume dropped significantly to 120 thousand tonnes in 2023. This decline was primarily driven by changes to the Food Additives Specifications Regulation, which required compliance by March 2024 and disrupted production and import processes.

Production monocarboxylic fatty acids and acid oils from refining Turkey

In kind, 2017-2020, K t

From 2017 to 2020, Turkey ranked seventh globally in the production of monocarboxylic fatty acids and acid oils from refining.

Top producers of monocarboxylic fatty acids and acid oils from refining, 2017-2020

World map of production of monocarboxylic fatty acids and acid oils from refining, 2017-2020

In 2020, Turkey produced 85.8 K t of monocarboxylic fatty acids and acid oils from refining, marking a moderate decline of 6.6% compared to the previous year. Over the period from 2017 to 2020, production fell by 14.2%, which translates to an annualized decrease of 5.0%. The largest drop occurred in 2018, at 10.0%, while the biggest increase was seen in 2019, at 2.1%.

Annual dynamics of production Turkey in kind, 2017-2020, K t

In value, 2017-2020, K $ US

Turkey's production of monocarboxylic fatty acids and acid oils from refining declined for the third year in a row. In 2020, the output was valued at 55 254 K $ US, representing a 2.9% year-on-year decrease. Between 2017 and 2020, production decreased by 13.1%, equating to an annualized rate of 4.6%.

Annual dynamics of production Turkey in value, 2017-2020, K $ US

Exports monocarboxylic fatty acids and acid oils from refining to Turkey

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Exports reached their lowest point in 2019 at 7 434 t and peaked in 2020 at 14 838 t, a twofold difference. In 2020, Turkey exported 14 838 t of monocarboxylic fatty acids and acid oils from refining, up by 99.6% year-on-year. The largest decline was recorded in 2019, at 37.5%.

Annual dynamics of product's exports to Turkey in kind, 2017-2020, t

From 2017 to 2020, Israel (63.6% of exports in kind), Greece (3.9% of exports in kind), and the United Arab Emirates (3.7% of exports in kind) were the leading destinations in Turkey's export structure, together accounting for 71.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports to Turkey in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatility during the observed period. The lowest value was recorded in 2019 at 4 605 K $ US, while the highest occurred in 2020 at 9 559 K $ US, a peak-to-trough ratio of 2.1 times. In 2020, exports of monocarboxylic fatty acids and acid oils from refining from Turkey totaled 9 559 K $ US, which is 107.6% higher than the previous year. The largest decline was in 2019, at 40.5%.

Annual dynamics of product's exports to Turkey in value, 2017-2020, K $ US

Throughout 2017–2020, Israel (55.2% of exports in value terms), Iran (6.5% of exports in value terms), and the United Arab Emirates (4.4% of exports in value terms) formed the key group of partners for Turkey's exports of monocarboxylic fatty acids and acid oils from refining, jointly representing 66.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports to Turkey in value, 2017-2020

Imports monocarboxylic fatty acids and acid oils from refining in Turkey

Imports in kind, t

Turkey's imports of monocarboxylic fatty acids and acid oils from refining increased for the second consecutive year. In 2020, imports amounted to 95 406 t, up 7.5% compared to 2019. Over the period 2017–2020, imports grew by 4.1%, with a compound annual growth rate (CAGR) of 1.4%. The lowest value was recorded in 2018 at 87 906 t, and the largest decline occurred in 2018, at 4.1%.

Annual dynamics of product's imports in Turkey in kind, 2017-2020, t

From 2017 to 2020, Malaysia (47.3% of imports in kind), Indonesia (31.2% of imports in kind), and Bulgaria (3.7% of imports in kind) remained the main suppliers of monocarboxylic fatty acids and acid oils from refining to Turkey, together forming 82.2% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports in Turkey in kind, 2017-2020

Imports in value, K $ US

After a two-year decline, Turkey's imports of monocarboxylic fatty acids and acid oils from refining increased. In 2020, imports amounted to 89 919 K $ US, showing a sharp rise of 26.0% compared to 2019. The lowest value was recorded in 2019 at 71 370 K $ US, and the largest decline occurred in 2019, at 14.4%.

Annual dynamics of product's imports in Turkey in value, 2017-2020, K $ US

In 2017–2020, three principal markets — Malaysia, Indonesia, and India — together accounted for 80.5% of Turkey's total imports in value terms of monocarboxylic fatty acids and acid oils from refining.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports in Turkey in value, 2017-2020