Turkey - Cement - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Cement Export Drops Significantly to $1.2 Billion in 2023
Turkey Cement Exports
In 2023, after eight years of growth, there was significant decline in shipments abroad of cement, when their volume decreased by -15.8% to 17M tons. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. The exports peaked at 20M tons in 2022, and then fell rapidly in the following year.
In value terms, cement exports dropped to $1.2B (IndexBox estimates) in 2023. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2020 when exports increased by 40% against the previous year. The exports peaked at $1.2B in 2022, and then reduced in the following year.
| COUNTRY | Export Value of Cement in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 2.8 | 6.9 | 28.1 | 47.8 | 56.9 | 93.0 | 165 | 204 | 300 | 591 | 475 |
| Israel | 36.3 | 38.3 | 43.4 | 62.7 | 76.7 | 103 | 104 | 135 | 160 | 211 | 208 |
| Syrian Arab Republic | 33.1 | 63.5 | 87.7 | 39.6 | 54.6 | 40.0 | 36.0 | 42.9 | 70.2 | 76.2 | 61.4 |
| Haiti | 0.1 | 0.1 | 0.1 | 1.3 | 18.3 | 17.0 | 16.9 | 40.6 | 53.8 | 35.6 | 45.6 |
| Italy | 8.4 | 8.6 | 5.8 | 8.0 | 10.1 | 9.7 | 13.5 | 17.0 | 28.6 | 27.5 | 39.4 |
| Bulgaria | 22.3 | 20.2 | 16.9 | 15.4 | 14.2 | 16.0 | 16.8 | 22.7 | 30.6 | 31.2 | 37.2 |
| Guyana | N/A | N/A | N/A | 0.4 | N/A | 0.3 | 0.8 | 0.8 | 11.4 | 17.6 | 26.0 |
| Iraq | 102 | 48.1 | 22.4 | 13.9 | 16.3 | 13.2 | 12.7 | 10.4 | 12.5 | 11.3 | 9.6 |
| Libya | 188 | 120 | 96.0 | 33.1 | 1.1 | 1.0 | 4.2 | 41.4 | 9.9 | 0.9 | 0.7 |
| Others | 246 | 206 | 155 | 182 | 167 | 164 | 180 | 256 | 243 | 236 | 249 |
| Total | 638 | 512 | 456 | 405 | 416 | 457 | 549 | 771 | 919 | 1,238 | 1,152 |
Exports by Country
the United States (6.9M tons) was the main destination for cement exports from Turkey, accounting for a 41% share of total exports. Moreover, cement exports to the United States exceeded the volume sent to the second major destination, Israel (3.3M tons), twofold. Syrian Arab Republic (929K tons) ranked third in terms of total exports with a 5.5% share.
From 2013 to 2023, the average annual growth rate of volume to the United States amounted to +73.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+17.8% per year) and Syrian Arab Republic (+4.9% per year).
In value terms, the United States ($475M) remains the key foreign market for cement exports from Turkey, comprising 41% of total exports. The second position in the ranking was held by Israel ($208M), with an 18% share of total exports. It was followed by Syrian Arab Republic, with a 5.3% share.
From 2013 to 2023, the average annual rate of growth in terms of value to the United States amounted to +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+19.1% per year) and Syrian Arab Republic (+6.4% per year).
Exports by Type
Portland cement, other than white, whether or not artificially coloured (15M tons) was the largest type of cement exported from Turkey, accounting for a 89% share of total exports. Moreover, portland cement, other than white, whether or not artificially coloured exceeded the volume of the second product type, portland cement, white, whether or not artificially coloured (1.6M tons), ninefold. Cement of hydraulic kinds (202K tons) ranked third in terms of total exports with a 1.2% share.
From 2013 to 2023, the average annual growth rate of the volume of portland cement, other than white, whether or not artificially coloured exports stood at +5.3%. With regard to the other exported products, the following average annual rates of growth were recorded: portland cement, white, whether or not artificially coloured (+4.8% per year) and cement of hydraulic kinds (+6.0% per year).
In value terms, portland cement, other than white, whether or not artificially coloured ($965M) remains the largest type of cement exported from Turkey, comprising 84% of total exports. The second position in the ranking was held by portland cement, white, whether or not artificially coloured ($159M), with a 14% share of total exports. It was followed by aluminous cement ("ciment fondu"), whether or not coloured or in the form of clinkers, with a 1.3% share.
From 2013 to 2023, the average annual growth rate of the value of portland cement, other than white, whether or not artificially coloured exports totaled +6.2%. With regard to the other exported products, the following average annual rates of growth were recorded: portland cement, white, whether or not artificially coloured (+5.4% per year) and aluminous cement ("ciment fondu"), whether or not coloured or in the form of clinkers (+7.3% per year).
Export Prices by Country
In 2023, the cement price amounted to $69 per ton (FOB, Turkey), rising by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of 32%. The export price peaked in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Libya ($111 per ton), while the average price for exports to Ukraine ($44 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cement market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23511210 - Portland cement
- Prodcom 23511290 - Other hydraulic cements
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
