Turkey: Feldspar Market 2024

Feldspar Market Size in Turkey

The Turkish feldspar market dropped rapidly to $X in 2021, with a decrease of -43.3% against the previous year. In general, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Feldspar Production in Turkey

In value terms, feldspar production declined to $X in 2021 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.3% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 56%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Feldspar Exports

Exports from Turkey

After two years of decline, overseas shipments of feldspar increased by 126% to X tons in 2021. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, feldspar exports surged to $X in 2021. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Russia (X tons) were the main destinations of feldspar exports from Turkey, together accounting for 83% of total exports. The United States, Poland and Bulgaria lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +148.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for feldspar exported from Turkey were Spain ($X), Italy ($X) and Russia ($X), with a combined 76% share of total exports. These countries were followed by Poland, the United States and Bulgaria, which together accounted for a further 7.9%.

The United States, with a CAGR of +159.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average feldspar export price stood at $X per ton in 2021, surging by 6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($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 Poland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Turkey

In 2021, supplies from abroad of feldspar increased by 65% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.4% against 2019 indices. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, feldspar imports soared to $X in 2021. Overall, imports saw pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of feldspar to Turkey, with a 88% share of total imports. Moreover, feldspar imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+154.2% per year) and India (-25.6% per year).

In value terms, Spain ($X) constituted the largest supplier of feldspar to Turkey, comprising 81% of total imports. The second position in the ranking was taken by Egypt ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+165.2% per year) and India (-24.7% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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