Overview of the Market for Prepared Additives For Cements in Turkey
Market Overview
In 
, the Turkish prepared additives for cements market was finally on the rise to reach $ after three years of decline. Over the period under review, consumption recorded slight growth. The growth pace was the most rapid in 2016 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.
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 Turkish prepared additives for cements market was finally on the rise to reach $ after three years of decline. Over the period under review, consumption recorded slight growth. The growth pace was the most rapid in 2016 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.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.Consumption
In , after two years of decline, there was significant growth in consumption of prepared additives for cements, mortars or concretes, when its volume increased by % to tonnes. In general, consumption showed a notable increase. The growth pace was the most rapid in 2016 when the consumption volume increased by % y-o-y. Over the period under review, consumption reached the peak volume at tonnes in 2017; however, from 2018 to , consumption remained at a 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.
, after two years of decline, there was significant growth in consumption of prepared additives for cements, mortars or concretes, when its volume increased by % to tonnes. In general, consumption showed a notable increase. The growth pace was the most rapid in 2016 when the consumption volume increased by % y-o-y. Over the period under review, consumption reached the peak volume at tonnes in 2017; however, from 2018 to , consumption remained at a 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.Market Forecast
Driven by increasing demand for prepared additives for cements in Turkey, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of prepared additives for cements 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 prepared additives for cements.
Trade Balance
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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