Turkey: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Turkey

The Turkish calcareous building stone market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Calcareous Building Stone Production in Turkey

In value terms, calcareous building stone production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a slight decline. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. Calcareous building stone production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calcareous Building Stone Exports

Exports from Turkey

In 2021, exports of calcareous building stone from Turkey rose markedly to X tons, with an increase of 15% against 2020. Over the period under review, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2019 when exports increased by 35% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports rose notably to $X in 2021. Overall, exports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2019 when exports increased by 46%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Turkey, accounting for a 88% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was taken by Egypt (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.4% per year) and Egypt (-16.5% per year).

In value terms, China ($X) remains the key foreign market for calcareous building stone exports from Turkey, comprising 85% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.1% share of total exports. It was followed by Egypt, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.1% per year) and Egypt (-16.5% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, reducing by -7.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Egypt ($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 Italy (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Calcareous Building Stone Imports

Imports into Turkey

In 2021, calcareous building stone imports into Turkey soared to X tons, jumping by 58% compared with the previous year. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 1,969% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 1,921%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Albania (X tons), Belgium (X tons) and Iran (X tons) were the main suppliers of calcareous building stone imports to Turkey, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +606.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Albania ($X) and Iran ($X) constituted the largest calcareous building stone suppliers to Turkey, with a combined 85% share of total imports.

Albania, with a CAGR of +506.7%, saw the highest growth rate of the value of imports, in terms of 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 calcareous building stone import price amounted to $X per ton, with a decrease of -23.4% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 162%. As a result, import price reached the peak level of $X per ton. From 2015 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, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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