Turkey: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Turkey

The Turkish articles of fiber cement market declined to $X in 2022, approximately mirroring the previous year. Overall, consumption saw a deep setback. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Turkey

In value terms, articles of fiber cement production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Turkey

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Turkey rose rapidly to X tons, picking up by 12% on 2021. In general, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 110%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, articles of fiber cement exports rose notably to $X in 2022. Overall, exports saw a temperate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 159% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Iraq (X tons), Libya (X tons) and the UK (X tons) were the main destinations of articles of fiber cement exports from Turkey, together accounting for 42% of total exports. Malta, Azerbaijan, Israel, Romania, Suriname, Georgia, Bulgaria, the United States, Oman and Senegal lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Suriname (with a CAGR of +248.4%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Turkey, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with an 8% share of total exports. It was followed by the UK, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Iraq totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+35.6% per year) and the UK (+175.9% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement export price increased by +9.1% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 32%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Turkey

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by 154% to X tons, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 1,182%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 380%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) was the main articles of fiber cement supplier to Turkey, accounting for a 90% share of total imports. Moreover, articles of fiber cement imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +92.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.5% per year) and China (-12.1% per year).

In value terms, Italy ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Turkey, comprising 89% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.6% share of total imports. It was followed by China, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +75.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.6% per year) and China (-2.7% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, shrinking by -8.5% against the previous year. In general, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 101%. The import price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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