Turkish plastic construction material manufacturers exported 39% of their production!
- PLASFED published its report containing analyses for the plastic construction materials sector in 2014. The report stated that Turkish manufacturers increased their exports by 2.7% compared to the previous year, and 39% of the production was exported.
- Despite the decrease in production value due to the contraction of the domestic market, despite an increase in quantity, domestic manufacturers showed great performance in exports, and the foreign trade surplus in plastic construction materials reached 1 billion 421 million TL.
- Evaluating the report, PLASFED Chairman of the Board Selçuk Aksoy said, “We always say that plastic is not just any product. The hot conflicts in our region will end sooner or later. We must support our sector for the reconstruction periods of these countries and keep it ready from now on.”
According to the report published by PLASFED, which provides regular and comprehensive data on the plastics sector, regarding plastic construction materials in 2014, the Turkish plastic construction materials sector successfully completed 2014 thanks to an increase in exports despite the slowdown in the domestic market. The sector exported 39% of the 1.8 million tons of products it produced in 2014. According to the report, influenced by domestic market developments in 2014, production increased by 1.6% in terms of quantity, but decreased by 1.6% in terms of value, realizing at 7 billion 345 million dollars.
Turkish plastic construction material manufacturers achieved success in exports amidst intensifying global competition!
Exports increased by 2.7% in value, reaching 1 billion 825 million dollars. Imports decreased by 9.7% in value. 93% of Turkey's plastic construction materials domestic market was met by local manufacturers, and 39% of the production was exported, resulting in a foreign trade surplus of 1 billion 421 million dollars.
“Hot conflicts in our nearby region will end sooner or later, we must keep our sector ready”
Making an evaluation on the report, PLASFED Chairman of the Board Selçuk Aksoy said, “We always say; plastic is not just any product, and the plastics sector is not just any sector. Despite our structural problems and fierce global competition at the cent level, our manufacturers and exporters are performing successfully.” Aksoy reminded that the region will offer great opportunities for plastic construction materials in the future and emphasized the following: “Unfortunately, there are very serious instabilities and conflicts in our nearby geography. We hope that they will be resolved by peaceful methods as soon as possible. On the other hand, the hot conflicts in our nearby region will end sooner or later. We must support our sector for the reconstruction periods of these countries and keep it ready from now on. Because we are the closest geography and the most developed economy capable of supporting these investments. Let's just not overlook our industrialists and provide the necessary support to keep our sector ready.”
Important Highlights from the “2014 Turkey Plastic Construction Materials Sector Monitoring Report”:
In 2014, 1 million 809 thousand tons of production, 704 thousand tons of exports, and 73 thousand tons of imports were carried out. 1 million 178 thousand tons of plastic construction materials were used in the domestic market.
In terms of quantity, imports decreased by 4%, exports also declined by 1.2%, and 39% of the production was exported. Again, in terms of quantity, the export-to-import coverage ratio was 963%.
Although production decreased by 2% in terms of value, imports decreased by 10%, while exports increased by 3%. Domestic consumption decreased by 3% due to dynamics in the construction sector. Exporters achieved a 3% increase in a tough competitive environment. 25% of the production was exported in dollar terms, and the export-to-import coverage ratio in plastic construction materials was 452% in terms of value.
To review and download the full 2014 Turkey Plastic Construction Products Sector Monitoring Report, you can visit the page http://rapor.plasfed.org.tr.
This content has been translated using artificial intelligence technology.