Kaolin Market in Turkey
Market Overview
The Turkish kaolin market was finally on the rise to reach $
in , after three years of decline. Overall, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
In value terms, kaolin production dropped to $ in estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2010 with an increase of %. Kaolin production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.
in , after three years of decline. Overall, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption failed to regain momentum.In value terms, kaolin production dropped to $
in estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2010 with an increase of %. Kaolin production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
In , consumption of kaolin and kaolinic clays increased by % to tons for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed strong growth. Over the period under review, consumption hit record highs at tons in 2015; however, from 2016 to , consumption failed to regain momentum.
The size of the kaolin market in Turkey surged to $ in , picking up 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). Over the period under review, consumption saw a remarkable increase. Kaolin consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
, consumption of kaolin and kaolinic clays increased by % to tons for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed strong growth. Over the period under review, consumption hit record highs at tons in 2015; however, from 2016 to , consumption failed to regain momentum.The size of the kaolin market in Turkey surged to $
in , picking up 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). Over the period under review, consumption saw a remarkable increase. Kaolin consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for kaolin and kaolinic clays in Turkey, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Turkey domestic supply is expected to continue its growth.
% in 2007 to % in . Turkey domestic supply is expected to continue its growth.Trade Balance
Turkey remains a net importer of kaolin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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