Turkey: Plaster Article Market 2024

Plaster Article Market Size in Turkey

After two years of growth, the Turkish plaster article market decreased by -15.6% to $X in 2021. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Plaster Article Production in Turkey

In value terms, plaster article production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Plaster Article Exports

Exports from Turkey

Plaster article exports from Turkey stood at X tons in 2021, with an increase of 13% compared with the previous year. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 41%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, plaster article exports soared to $X in 2021. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for plaster article exports from Turkey, with a 29% share of total exports. Moreover, plaster article exports to Iraq exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Israel (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+185.6% per year) and Israel (+116.3% per year).

In value terms, Iraq ($X) remains the key foreign market for plaster article exports from Turkey, comprising 26% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Israel, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+159.8% per year) and Israel (+65.5% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, increasing by 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Georgia ($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 Greece (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Turkey

In 2021, supplies from abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, plaster article imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 149% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Bulgaria (X tons) were the main suppliers of plaster article imports to Turkey, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Bulgaria ($X) were the largest plaster article suppliers to Turkey, together accounting for 84% of total imports.

Germany, with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, growing by 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 56%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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