Turkey: Feldspar Market 2024

Feldspar Market Size in Turkey

The Turkish feldspar market skyrocketed to $X in 2023, rising by X% against the previous year. Over the period under review, consumption posted a slight expansion. Feldspar consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Feldspar Production in Turkey

In value terms, feldspar production expanded modestly to $X in 2023 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Feldspar Exports

Exports from Turkey

In 2023, the amount of feldspar exported from Turkey contracted markedly to X tons, falling by X% against 2022 figures. Over the period under review, total exports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, feldspar exports fell dramatically to $X in 2023. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2022, and then reduced rapidly in the following year.

Exports by Country

Italy (X tons), Spain (X tons) and Russia (X tons) were the main destinations of feldspar exports from Turkey, with a combined X% share of total exports. Poland, Bulgaria, Egypt and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Russia ($X) were the largest markets for feldspar exported from Turkey worldwide, together comprising X% of total exports. Egypt, Poland, Bulgaria and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average feldspar export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, feldspar export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Turkey

After three years of growth, overseas purchases of feldspar decreased by X% to X tons in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, feldspar imports declined remarkably to $X in 2023. In general, imports, however, posted a measured increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of feldspar to Turkey, accounting for a X% share of total imports. Moreover, feldspar imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold.

From 2012 to 2023, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and India (X% per year).

In value terms, Spain ($X) constituted the largest supplier of feldspar to Turkey, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average feldspar import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, feldspar import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform