Turkey - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Market for Natural Bitumen and Asphalt 2024
Market Size for Natural Bitumen and Asphalt in Turkey
In 2022, the Turkish natural bitumen and asphalt market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a noticeable reduction. Natural bitumen and asphalt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Production of Natural Bitumen and Asphalt in Turkey
In value terms, natural bitumen and asphalt production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Natural bitumen and asphalt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.
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Exports of Natural Bitumen and Asphalt
Exports from Turkey
In 2022, overseas shipments of natural bitumen and asphalt decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, natural bitumen and asphalt exports reduced dramatically to $X in 2022. Over the period under review, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.
Exports by Country
Cyprus (X tons) was the main destination for natural bitumen and asphalt exports from Turkey, accounting for a X% share of total exports. Moreover, natural bitumen and asphalt exports to Cyprus exceeded the volume sent to the second major destination, Belgium (X tons), sixfold. The third position in this ranking was held by Iraq (X tons), with a X% share.
From 2012 to 2022, the average annual growth rate of volume to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Iraq (X% per year).
In value terms, Cyprus ($X) emerged as the key foreign market for natural bitumen and asphalt exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.
From 2012 to 2022, the average annual growth rate of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Iraq (X% per year).
Export Prices by Country
In 2022, the average natural bitumen and asphalt export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Natural Bitumen and Asphalt
Imports into Turkey
In 2022, overseas purchases of natural bitumen and asphalt decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.
In value terms, natural bitumen and asphalt imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.
Imports by Country
In 2022, Iran (X tons) constituted the largest natural bitumen and asphalt supplier to Turkey, with a X% share of total imports. Moreover, natural bitumen and asphalt imports from Iran exceeded the figures recorded by the second-largest supplier, Trinidad and Tobago (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.
From 2012 to 2022, the average annual growth rate of volume from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (X% per year) and the United States (X% per year).
In value terms, the United States ($X), Trinidad and Tobago ($X) and Iran ($X) constituted the largest natural bitumen and asphalt suppliers to Turkey, together comprising X% of total imports. The UK, Greece, Colombia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Greece, with a CAGR of X%, saw the highest growth rate of 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 natural bitumen and asphalt import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a tangible 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, natural bitumen and asphalt import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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