Turkey: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Turkey

In 2021, the Turkish market for articles of asbestos-cement, of cellulose fibre-cement was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Turkey

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Turkey

In 2021, the amount of articles of asbestos-cement, of cellulose fibre-cement exported from Turkey reduced dramatically to X kg, declining by -52.9% against the previous year. In general, exports showed a sharp shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement contracted markedly to $X in 2021. Over the period under review, exports faced a sharp decline. The smallest decline of -85% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Turkey, with a 74% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Russia exceeded the volume sent to the second major destination, Lebanon (X kg), fivefold. The third position in this ranking was taken by Kazakhstan (X kg), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Kazakhstan (-10.8% per year).

In value terms, the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from Turkey were Lebanon ($X), Russia ($X) and Kazakhstan ($X), with a combined 85% share of total exports.

Kazakhstan, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, waning by -85.6% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 103% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Turkey

In 2021, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement increased by 637% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 653%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement expanded remarkably to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 750%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Turkey, with a 85% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +71.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+50.8% per year) and India (+46.0% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Turkey, comprising 72% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +49.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+54.7% per year) and Russia (+48.5% per year).

Import Prices by Country

In 2021, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, reducing by -84.5% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2020 when the average import price increased by 459%. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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