Overview of the Market for Prepared Additives For Cements in Turkey
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.
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.