Market for Monumental Stone Granules And Powder in Turkey
Market Overview
The Turkish market for granules, chippings and powder of monumental stone reached $
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). Overall, consumption posted prominent growth. Monumental stone granules and powder consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
In value terms, monumental stone granules and powder production expanded slightly to $ in estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.
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). Overall, consumption posted prominent growth. Monumental stone granules and powder consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.In value terms, monumental stone granules and powder production expanded slightly to $
in estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.Consumption
In , the amount of granules, chippings and powder of monumental stone consumed in Turkey reached tons, rising by % against figures. Overall, consumption saw a resilient expansion. Over the period under review, consumption reached the peak volume at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the market for granules, chippings and powder of monumental stone in Turkey totaled $ in , growing 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 continues to indicate prominent growth. Monumental stone granules and powder consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain momentum.
, the amount of granules, chippings and powder of monumental stone consumed in Turkey reached tons, rising by % against figures. Overall, consumption saw a resilient expansion. Over the period under review, consumption reached the peak volume at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the market for granules, chippings and powder of monumental stone in Turkey totaled $
in , growing 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 continues to indicate prominent growth. Monumental stone granules and powder consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for granules, chippings and powder of monumental stone in Turkey, the market is expected to continue an upward consumption trend over the next eight-year period. 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
Over the period under review, imports of monumental stone granules and powder 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 monumental stone granules and powder.
Trade Balance
Turkey remains a net exporter of monumental stone granules and powder; 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.
. 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.
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