Market Monitor - Chemicals performance - Turkey

Market Monitor

  • Turkey
  • Chemicals/Pharma

1st June 2015

There are positive signs for the Turkish chemicals industry. In 2015, the chemicals sector is expected to grow driven by increasing demand and the positive effects of the lower oil prices.

Market performance at a glance 


  • The Turkish chemicals sector is expected to grow in 2015, driven by increasing demand. Lower oil prices have a positive effect on industry performance.
  • However, the sector is structurally vulnerable due to its dependency on export markets and foreign exchange volatility.
  • The overall indebtedness of businesses is high in this sector, but banks are generally willing to provide loans to the chemicals industry.
  • The average payment duration in the Turkish chemicals industry is 120 days. The number of payment delays and insolvency cases is low, and no increase is expected in the coming months.
  • Due to the general positive indicators, our underwriting stance for the Turkish chemicals sector is currently relaxed.


Related documents


The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.