Turkey: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in Turkey

After two years of growth, the Turkish market for granite, sandstone and other building stone decreased by X% to $X in 2022. In general, consumption, however, recorded a significant increase. Consumption of peaked at $X in 2021, and then contracted in the following year.

Production of Granite, Sandstone And Other Building Stone in Turkey

In value terms, production of granite, sandstone and other building stone fell to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Production of peaked at $X in 2021, and then contracted in the following year.

Exports of Granite, Sandstone And Other Building Stone

Exports from Turkey

In 2022, the amount of granite, sandstone and other building stone exported from Turkey totaled X tons, with an increase of X% compared with 2021. Overall, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone expanded sharply to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of granite, sandstone and other building stone from Turkey, with a X% share of total exports. Moreover, exports of granite, sandstone and other building stone to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

In value terms, Germany ($X) remains the key foreign market for granite, sandstone and other building stone exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Turkey

In 2022, overseas purchases of granite, sandstone and other building stone increased by X% to X kg for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, showed a significant curtailment. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2022. In general, imports, however, showed a sharp setback. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Iran (X tons), Norway (X tons) and India (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Turkey.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of X.9%), while purchases for the other leaders experienced a decline.

In value terms, India ($X), Norway ($X) and Iran ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Turkey.

Belgium, with a CAGR of X.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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