Turkey: Plaster Article Market 2024

Plaster Article Market Size in Turkey

The Turkish plaster article market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plaster Article Production in Turkey

In value terms, plaster article production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plaster Article Exports

Exports from Turkey

In 2022, after five years of growth, there was significant decline in shipments abroad of articles of plaster or of compositions based on plaster, when their volume decreased by X% to X square meters. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X square meters in 2021, and then shrank markedly in the following year.

In value terms, plaster article exports expanded slightly to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Iraq (X square meters) was the main destination for plaster article exports from Turkey, accounting for a X% share of total exports. Moreover, plaster article exports to Iraq exceeded the volume sent to the second major destination, the UK (X square meters), threefold. The third position in this ranking was taken by Georgia (X square meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Georgia (X% per year).

In value terms, Iraq ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Israel, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Israel (X% per year).

Export Prices by Country

The average plaster article export price stood at $X per square meter in 2022, rising by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaster article export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while the average price for exports to Georgia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Turkey

In 2022, overseas purchases of articles of plaster or of compositions based on plaster increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plaster article imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bulgaria (X square meters), China (X square meters) and Germany (X square meters) were the main suppliers of plaster article imports to Turkey, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and China ($X) appeared to be the largest plaster article suppliers to Turkey, with a combined X% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plaster article import price amounted to $X per square meter, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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