Turkey: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Turkey

The Turkish prepared additives for cements market shrank to $X in 2022, waning by -11% against the previous year. In general, consumption, however, posted buoyant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Turkey

In value terms, prepared additives for cements production dropped notably to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 71%. Prepared additives for cements production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Turkey

For the fifth consecutive year, Turkey recorded growth in shipments abroad of prepared additives for cements, mortars or concretes, which increased by 19% to X tons in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, prepared additives for cements exports skyrocketed to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +120.4% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Georgia (X tons), Iraq (X tons) and Libya (X tons) were the main destinations of prepared additives for cements exports from Turkey, with a combined 57% share of total exports. Cyprus, Bulgaria, Morocco, Israel, Serbia, Uzbekistan, Turkmenistan and Azerbaijan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +65.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Georgia ($X) and Libya ($X) constituted the largest markets for prepared additives for cements exported from Turkey worldwide, with a combined 47% share of total exports. Morocco, Uzbekistan, Bulgaria, Serbia, Cyprus, Turkmenistan, Israel and Azerbaijan lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Morocco, with a CAGR of +69.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, rising by 21% against the previous year. In general, the export price, however, recorded a mild downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Turkey

In 2022, imports of prepared additives for cements, mortars or concretes into Turkey skyrocketed to X tons, jumping by 137% on the previous year's figure. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared additives for cements imports soared to $X in 2022. In general, imports enjoyed a perceptible increase. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of prepared additives for cements to Turkey, accounting for a 64% share of total imports. Moreover, prepared additives for cements imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.9% per year) and Germany (-5.7% per year).

In value terms, Russia ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Turkey, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Italy (+0.3% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, shrinking by -20% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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