Turkey’s packaging sector meets at PAGEV conference
The first session of the conference was opened by the General Manager of ChemOrbis, Alp Özdenler, with his presentation titled, “Recent Developments in Polymer Markets- Changes in Feedstock Costs and Their Effects on Markets.” Özdenler talked about weakening feedstock costs and their effects on global markets while highlighting specific effects on Turkey. In addition, he also touched on how the present cost situation shapes global competitive conditions as well as commercial trends.
Data released by PAGEV showed that Turkey’s packaging sector has a production capacity of 1,188,208 tons per year. Flexible plastics products accounted for 67% of the sector, followed by textile plastics (18%) and solid plastics (15%).
According to PAGEV, Turkey’s plastic packaging sector expanded 1.4% in the first half of the year to reach 1.718 million tons. However, the value of this production declined 13.6% to $5.783 billion due to lower crude oil prices and fluctuations in the euro/dollar parity. At the end of this year, annual production volume is expected to increase by 3.4% from a year earlier to 3.4 million tons; however because of aforementioned reasons, the value of this production is estimated to represent a decrease of 10.1% compared with the previous year.
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