Updated Nov 11, 2022 01:30

Mixtures Of Slag Market in Turkey

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , the Turkish mixtures of slag market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a perceptible contraction. Mixtures of slag consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.

In value terms, mixtures of slag production rose to $ in estimated in export price. In general, production, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Mixtures of slag production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of mixtures of slag increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a noticeable slump. Over the period under review, consumption hit record highs at tons in 2018; however, from 2019 to , consumption failed to regain momentum.

The value of the mixtures of slag market in Turkey rose rapidly to $ in , with an increase of % 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, however, showed a pronounced descent. Mixtures of slag consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by rising demand for mixtures of slag in Turkey, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, 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 .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of mixtures of slag in Turkey were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for mixtures of slag. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Turkey imports of in the mixtures of slag market structure from less than % 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 (less than percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Turkey remains a net exporter of mixtures of slag; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.