Updated Nov 22, 2022 16:40

Market for Refractory Products of Siliceous or Diatomite Earths in Turkey

Market Overview
The Turkish market for refractory products of siliceous or diatomite earths fell to $ in , waning 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). In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to , consumption remained at a lower figure.

In value terms, production of refractory products of siliceous or diatomite earths reached $ in estimated in export price. In general, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2009 with an increase of %. As a result, production reached the peak level of $. From 2010 to , production of growth failed to regain momentum.


Consumption
In , consumption of refractory products of siliceous or diatomite earths was finally on the rise to reach tons after three years of decline. Over the period under review, consumption, however, showed a perceptible decline. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption of remained at a somewhat lower figure.

The size of the market for refractory products of siliceous or diatomite earths in Turkey contracted slightly to $ in , remaining constant 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, saw a deep contraction. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.


Market Forecast
Driven by rising demand for refractory products of siliceous or diatomite earths in Turkey, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of refractory products of siliceous or diatomite earths 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 refractory products of siliceous or diatomite earths. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Turkey imports of in the refractory products of siliceous or diatomite earths market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Turkey remains a net exporter of refractory products of siliceous or diatomite earths; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. 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.