Turkey: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Turkey

The Turkish market for granite, sandstone and other building stone totaled less than $X in 2021, remaining constant against the previous year. In general, consumption saw a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Turkey

In value terms, production of granite, sandstone and other building stone contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 190% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Turkey

In 2021, overseas shipments of granite, sandstone and other building stone increased by 15% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 103% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone soared to $X in 2021. In general, exports posted a mild increase. The growth pace was the most rapid in 2019 when exports increased by 93%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for exports of granite, sandstone and other building stone from Turkey, with a 429% share of total exports. Moreover, exports of granite, sandstone and other building stone to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with an 116% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+34.5% per year) and the UK (+73.8% per year).

In value terms, Germany ($X) remains the key foreign market for granite, sandstone and other building stone exports from Turkey, comprising 286% of total exports. The second position in the ranking was taken by the UK ($X), with a 97% share of total exports. It was followed by Switzerland, with an 86% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+66.7% per year) and Switzerland (+32.3% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, rising by 27% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 119% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($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 Russia (+30.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Turkey

In 2021, approx. X tons of granite, sandstone and other building stone were imported into Turkey; with an increase of 76% compared with the previous year's figure. In general, imports, however, saw a sharp downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Over the period under review, imports, however, showed a significant decrease. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Iran (X tons), Norway (X tons) and India (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Turkey, together accounting for 59% of total imports. Belgium, Brazil, Spain, Italy and China lagged somewhat behind, together accounting for a further 4.7%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +3,074.9%), while purchases for the other leaders experienced a decline.

In value terms, India ($X), Norway ($X) and Iran ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Turkey, with a combined 85% share of total imports. These countries were followed by Belgium, Italy, Brazil, Spain and China, which together accounted for a further 12%.

Belgium, with a CAGR of +2,208.6%, 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 a decline.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, increasing by 5.6% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2016 an increase of 103% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+39.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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