ONESTONE CONSULTING S.L.

The cement industry in Turkey

TurkishCement.net

Cement exports

TurkishCement.net

TUIK

1 Turkish imports

TUIK

2 GDP and construction growth, calendar adj.

TUIK

TUIK, TCMB

4 Cement demand components

TUIK, TCMB

OneStone Research

5 Cement per capita consumption

OneStone Research

TCMB

6 Cement development

TCMB

7 Regional cement deliveries

TCMB

Akcanca

8 TOP 10 market shares

Akcanca

HeidelbergCement

9 Canakkale cement plant

HeidelbergCement

Oyak Group

10 Denizli Cimento

Oyak Group

Limak Cimento

11 Gaziantep cement plant

Limak Cimento

Vicat

12 Bastas cement plant

Vicat

Nuh Cimento

13 Hereke cement plant

Nuh Cimento

OneStone Research

14 PCC projection

OneStone Research

15 Cement demand projection

OneStone Research

TCMB, OneStone Research

17 TOP 5 export recipient countries

TCMB, OneStone Research

18 Development of AF rate

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 100^th 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...