Overview of the Market for Prepared Additives For Cements in Turkey
Market Overview
For the third consecutive year, the Turkish prepared additives for cements market recorded decline in sales value, which decreased by -
% to $ in 2019. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.
In value terms, prepared additives for cements production dropped significantly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 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 attained the peak level of $. From 2017 to 2019, production growth failed to regain the momentum.
% to $ in 2019. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.In value terms, prepared additives for cements production dropped significantly to $
in 2019 estimated in export prices. Over the period under review, the total production indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 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 attained the peak level of $. From 2017 to 2019, production growth failed to regain the momentum.Consumption
In 2019, consumption of prepared additives for cements, mortars or concretes decreased by -% to tonnes, falling for the second year in a row after eleven years of growth. Over the period under review, consumption, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
The revenue of the prepared additives for cements market in Turkey dropped significantly to $ in 2019, shrinking 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, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market remained at a somewhat lower figure.
% to tonnes, falling for the second year in a row after eleven years of growth. Over the period under review, consumption, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2017; however, from 2018 to 2019, consumption remained at a lower figure.The revenue of the prepared additives for cements market in Turkey dropped significantly to $
in 2019, shrinking 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, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2017 to 2019, 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 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 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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