The cement industry in Turkey
TurkishCement.net
TUIK
TUIK
TUIK, TCMB
OneStone Research
TCMB
TCMB
Akcanca
HeidelbergCement
Oyak Group
Limak Cimento
Vicat
Nuh Cimento
OneStone Research
OneStone Research
TCMB, OneStone Research
TCMB, OneStone Research
The cement industry in Turkey is very competitive. Large new capacity has been installed, driven by a robust domestic cement demand growth and large exports. The question is how will the demand growth continue and when will a peak be reached in the per capita cement consumption?
1 Turkey’s latest development
2023 will be the 100th anniversary of the establishment of the Republic of Turkey. By then, Turkey could already be a member of the European Union, but today the country seems to be even further away from the EU than in 1999, when the country became a membership candidate. How-ever, Turkey needs Europe and Europe needs Turkey, not only for economic reasons. In 2016, Turkey had a population of 79.0 million (73 % urbanization) and a gross domestic product (GDP) of US$ 857 billion or a GDP per capita of US$ 10 807, making it an upper-middle income country. Compared...
