Turkiye: Export of $33.7 billion from construction materials

The construction materials industry exported 57.6 million tons worth $33.7 billion last year.

With the statement made by the Turkish Construction Material Industrialists’ Association (Turkiye IMSAD), the construction materials export figures for 2022 were shared.

According to the statement based on the December 2022 report of Turkiye IMSAD Construction Materials Industry Foreign Trade Index, the export figure realized by the sector in the whole of 2022 rose to $33.74 billion.

Tayfun Kucukoglu, Chairman of the Board of Directors of Turkiye IMSAD, whose views are included in the statement, stated that the amount of exports decreased by 11% compared to the previous year and decreased to 57.65 million tons in the said period.

Pointing out that the construction materials industry showed a high performance in 2022, Kucukoglu said:

“In 2022, we exported $33.74 billion, 57.65 million tons. In 2022, we broke the export record of all time as an industry. The annual export value increased by 9.5% compared to 2021. The average export unit price increased by 23% compared to 2021 and amounted to 0.59 dollars/kg. Especially in the second half of the year, the recession concerns and the slowdowns in the markets prevented annual exports from reaching more than $35 billion.

However, despite this, looking at the whole 12 months, the export record has been broken since August 2013, when Turkiye IMSAD Foreign Trade Index was started to be measured on behalf of our industry. The Turkish construction materials industry makes us proud on behalf of our country with its development. While the price and quality performance of our products increase our reliability and competitiveness, it also allows to increase market share and positive perception.”

“2022 export performance gave hope for 2023”

Stating that the foreign trade performance of the construction materials industry improved in the last month of 2022, Kucukoglu gave the following information:

“Despite the shrinkage in the market, exports were higher in December 2022 compared to October and November. While exports amounted to $2.61 billion in December last year, it was one of the lowest monthly exports of the year in terms of value. Compared to December of the previous year, there was a decrease of 12% in value.

The effect of the contraction in the market came to the fore in the decrease of construction materials exports in December by 20.9% compared to the same period of the previous year, with 4.28 million tons. The average annual export unit price of the construction materials industry increased by 11.2% in December compared to December of the previous year and became 0.61 dollars/kg. When we look at all these data, the export performance of our sector in 2022 has been promising for the whole of 2023.”

Kucukoglu pointed out that the export performance of the sub-sectors in the construction materials industry is in the direction of growth throughout 2022, and stated that the average export unit prices in all eight sub-product groups in 2022 increased compared to 2021.

Source: Trthaber / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button