Turkey in 2016: Politics, economics and the impact on polymer markets

Turkey has had a turbulent time over the last 12 months, facing political and economic uncertainty, increasingly numerous and deadly terrorist attacks and an attempted coup to unseat President Recep Tayyip Erdogan and remove the ruling Justice and Development Party (AKP) from power.

Yet the country carries on – its 2015 GDP growth level was above those of Germany, the US and Saudi Arabia – and polymer and other imports keep flowing.

In the medium and long term, increased instability creates risks for a number of Turkish petrochemical markets as well as complications for the economic situation. However, there is still optimism amongst Turkish players that ‘business as usual’ can continue.

Check here for the ICIS infographic on the impact of the current situation in Turkey and view the latest free articles from ICIS news featuring Turkish petrochemicals below.


Infographic: Turkey’s mid-year review – PP & PE

This ICIS infographic reviews the year so far for Turkish polymers, including information on the PE and PP imports, which you can use to help better understand the Turkish markets.

Turkey ICIS price reports

Get the latest information on PP/PE spot and contract prices, imports, and production issues, as well as maintenance plans and upstream/downstream intelligence to make informed business decisions with ICIS price reports. Request more information and download a free sample price report for:

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Turkish Energy Hub Daily

This ICIS report offers a complete view and focus on the Turkish energy markets and provides:

  • The most comprehensive power price assessments on the market
  • Unique energy price assessments for the Gas, LNG, Power, Crude and Coal markets
  • Expert editorial commentary and rounding up market developments
  • A comprehensive source of news on energy markets across the surrounding region

News Service

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Latest Turkey petrochemicals news

UAE's Borouge at full capacity on healthy global demand - Borealis’ CEO

...and efficiency, especially with changing technology.” Following the coup d’etat on 15 July in Turkey, Garrett said Borealis’ operations in the country... Thu, 20 Oct 2016

Europe top stories: weekly summary

...major Volkswagen (VW) Group posted an increase in passenger vehicle registrations of 3.2% over the period in spite of the diesel scandal. Turkey PP,... Mon, 17 Oct 2016

Turkey PP, PE demand, prices flat as lira drops to record low

...Turkey PP, PE demand, prices flat as lira drops to record low. Matt Tudball. LONDON (ICIS)--Prices and demand for polypropylene (PP) and polyethylene (PE)... Thu, 13 Oct 2016

Flat Turkish PP demand not deterring bullish offers post-Eid

...from the Eid holidays this week, it seems that those cautious hopes of improvement in demand have not materialised. PP stock levels in Turkey, according... Fri, 23 Sep 2016

Lack of foreign exchange in Egypt impacting PE demand

...Egypt is the second largest exporter of polypropylene (PP) to Turkey, it faces stiff competition from existing HDPE imports to Turkey from Saudi Arabia,... Wed, 21 Sep 2016

US July IPA exports climb year on year

...ITC). The increase was largely because of increased shipments to Belgium, Turkey and Mexico, which outweighed decreased cargoes sent to India, Peru, Brazil... Fri, 09 Sep 2016

Turkish PP, PE prices stable pre-Eid but bullish sentiment emerging

...just trying to get an indication for price direction after Eid, which runs from 9-19 September in Turkey. “I have had lots of negotiations today and... Fri, 09 Sep 2016

Turkey PP, PE market takes tentative steps into September

...Turkey PP, PE market takes tentative steps into September. Matt Tudball. LONDON (ICIS)--Turkish polypropylene (PP) and polyethylene (PE) prices were stable... Fri, 02 Sep 2016

GCC importers expect improved September polyolefin demand

...in the region also looked to receive a clearer price direction from Turkey and other European markets, sources said. Much of the demand in Turkey and Europe... Fri, 26 Aug 2016

Market Outlook: New MMA capacity in Middle East could change global trade flows from 2017

...some expectation that the new Middle Eastern material will replace European material in certain areas, particularly in Turkey. It is because of the potential... Thu, 18 Aug 2016