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Kaolinitic Clays Market in Turkey

Market Overview
The Turkish kaolinitic clays market contracted modestly to $ in , remaining relatively unchanged 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). In general, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.

In value terms, kaolinitic clays production expanded modestly to $ in estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2015 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2012; however, from 2013 to , production remained at a lower figure.


Consumption
In , kaolinitic clays consumption in Turkey declined to tons, waning by -% compared with the year before. Overall, consumption continues to indicate a pronounced decrease. Over the period under review, consumption reached the maximum volume at tons in 2015; however, from 2016 to , consumption remained at a lower figure.

The value of the kaolinitic clays market in Turkey fell modestly to $ in , shrinking 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). In general, the total consumption indicated mild growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. Turkey consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for kaolinitic clays in Turkey, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
Over the period under review, the share of imports in terms of total kaolinitic clays consumption in Turkey was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Turkey kaolinitic clays market is largely supplied by domestic manufacturers. The growth in the share of Turkey imports of in the kaolinitic clays market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Turkey remains a net importer of kaolinitic clays; 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 $.