Graphite Market in Turkey
Market Overview
In 
, the Turkish graphite market increased by % to $, rising for the third year in a row after two years of decline. In general, consumption enjoyed a measured expansion. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market failed to regain momentum.
In value terms, graphite production reduced to $ in estimated in export price. In general, production, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Graphite production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.
, the Turkish graphite market increased by % to $, rising for the third year in a row after two years of decline. In general, consumption enjoyed a measured expansion. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market failed to regain momentum.In value terms, graphite production reduced to $
in estimated in export price. In general, production, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Graphite production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.Consumption
In , consumption of graphite (natural) increased by % to tons, rising for the third consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Graphite consumption peaked at tons in 2011; however, from 2012 to , consumption remained at a lower figure.
The revenue of the graphite market in Turkey surged to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a measured increase. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.
, consumption of graphite (natural) increased by % to tons, rising for the third consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Graphite consumption peaked at tons in 2011; however, from 2012 to , consumption remained at a lower figure.The revenue of the graphite market in Turkey surged to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a measured increase. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.Market Forecast
The graphite market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Turkey increased significantly over the last fifteen years (from % to %). Total import supply of graphite is expected to rise, though it will be moderately impacted by price increases. Graphite market in Turkey consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Turkey relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
% to %). Total import supply of graphite is expected to rise, though it will be moderately impacted by price increases. Graphite market in Turkey consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Turkey relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.Trade Balance
Turkey remains a net importer of graphite; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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