Overview of the Market for Prepared Additives For Cements in Turkey
In value terms, prepared additives for cements production reached $ in estimated in export prices. In general, the total production indicated a mild increase 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 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. from 2017 to , production growth remained at a somewhat lower figure.
The size of the prepared additives for cements market in Turkey expanded modestly 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). Overall, consumption recorded modest growth. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. As a result, consumption attained the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.