Magnesium Market in Turkey
Market Overview
The Turkish magnesium market surged 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, however, saw a pronounced decrease. Magnesium consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
In value terms, magnesium production surged to $ in estimated in export price. In general, production, however, recorded significant growth. Magnesium production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
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, however, saw a pronounced decrease. Magnesium consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.In value terms, magnesium production surged to $
in estimated in export price. In general, production, however, recorded significant growth. Magnesium production peaked at $ in ; however, from to , production stood at a somewhat lower figure.Consumption
After two years of decline, consumption of magnesium increased by % to tons in . Overall, consumption, however, saw a deep downturn. Magnesium consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.
The value of the magnesium market in Turkey soared to $ in , picking up 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, however, showed a noticeable downturn. Magnesium consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
% to tons in . Overall, consumption, however, saw a deep downturn. Magnesium consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.The value of the magnesium market in Turkey soared to $
in , picking up 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, however, showed a noticeable downturn. Magnesium consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for magnesium in Turkey, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Magnesium market in Turkey consists almost entirely of imported products.
Trade Balance
Turkey remains a net exporter of magnesium; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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