Turkey: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Turkey

After two years of decline, the Turkish gravel and crushed stone market increased by 2.9% to $X in 2021. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -37.6% against 2018 indices. Gravel and crushed stone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in Turkey

In value terms, gravel and crushed stone production surged to $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from Turkey

In 2021, gravel and crushed stone exports from Turkey rose rapidly to X tons, increasing by 6% compared with the previous year. In general, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 59%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports totaled $X in 2021. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 41% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Tunisia (X tons) and Belgium (X tons) were the main destinations of gravel and crushed stone exports from Turkey, together accounting for 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +26.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gravel and crushed stone exported from Turkey were Ukraine ($X), Tunisia ($X) and Belgium ($X), with a combined 44% share of total exports.

Tunisia, with a CAGR of +29.6%, 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

In 2021, the average gravel and crushed stone export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Belgium ($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 (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports into Turkey

In 2021, overseas purchases of gravel and crushed stone increased by 26% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, gravel and crushed stone imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of gravel and crushed stone to Turkey, accounting for a 39% share of total imports. Moreover, gravel and crushed stone imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled +78.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and France (-10.7% per year).

In value terms, Norway ($X), China ($X) and Russia ($X) were the largest gravel and crushed stone suppliers to Turkey, with a combined 49% share of total imports. Germany, the United States, France, Italy, Spain and the Netherlands lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Spain, with a CAGR of +96.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, reducing by -14.1% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 40%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($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 (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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