Overview of the Market for Prepared Additives For Cements in Turkey
In value terms, prepared additives for cements production amounted to $ in estimated in export prices. In general, the total production indicated a slight 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 2016 indices. The growth pace was the most rapid in 2016 with an increase of % against the previous year. As a result, production attained the peak level of $. from 2017 to , production growth remained at a lower figure.
The value of the prepared additives for cements market in Turkey stood at $ 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). Over the period under review, consumption showed a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. As a result, consumption reached the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.