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.
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.
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