‘Largely positive’ future for Turkish plastics
The Turkish plastics industry is the largest in the Middle East, accounting for two-thirds (36 per cent) of the region’s demand as of 2015 data, AMI reports, while it holds a geographical advantage, bridging the Middle East with Europe.
As such, Turkey’s export demand is strong, with clusters around Istanbul, Izmir, Adana and Gaziantep for the textiles and packaging industries. Furthermore, it has a youthful population and rising middle class, which means the outlook up to 2020 still looks largely positive.
Within Turkey projections for the increase in plastics production are particularly optimistic and AMI agrees that it is reasonable to expect a rise in market demand. Turkey is already a major player in the Middle East and European plastics industries, this is anticipated to continue in the coming years.
PP has traditionally been the most used resin, its usage being driven by the substantial production of BOPP and PP cast films as well as Turkey being the largest producer of cars, domestic appliances and electrical goods in the Middle East.
Whilst Turkey has relatively little polymer manufacturing capabilities and is reliant on imports for most of its needs the overall picture for the industry is positive. The Turkish plastics industry grew 5.2 per cent in the first quarter of 2017 and 5.1 per cent in the second quarter, exceeding previous expectations. Production is also forecast to increase by 9.4 per cent.
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