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The reducing in the export of construction materials continued in November.

The Turkish Construction Material Industrialists' Association (Turkey IMSAD) announced the November 2022 results of the Foreign Trade Index prepared every month.

The reducing in the export of construction materials continued in November.

According to the index, the construction products industry realized one of the lowest monthly exports of the year with $ 2.57 billion in November.  In the report, which keeps the pulse of the construction sector in foreign trade, it was stated that exports decreased by 5.8 percent compared to November of the previous year and the amount of exported products remained at the lowest level of 2022 with 4.04 million tons. The average export unit price in November was the highest figure of the year with 0.64 dollars / kg.

Turkey IMSAD, the umbrella organization of the construction products industry, announced the November 2022 results of the Foreign Trade Index, which is prepared every month. According to the index; The weakening in construction products exports in September and October continued in November. In the report, the contraction in export markets was evident in November; While one of the lowest exports of the year in terms of value was realized, annual construction products exports decreased to $ 34.1 billion.

The annual export unit price increased in November 2022 compared to the same period of the previous year

Exports of construction materials decreased by 5.8 percent compared to the same period of the previous year with $ 2.57 billion in November 2022. 

The amount of exports, which amounted to 4.04 million tons, decreased by 22.3 percent in November compared to November of the previous year. This amount attracted attention as the lowest export rate realized in 2022. While it was seen that the effect of the contraction in the markets was felt sharply, the average annual export unit price of the construction materials industry increased by 21.2 percent in November 2022 compared to the same period of the previous year.
While the average export unit prices in November 2021 were 0.53 dollars / kg, they were 0.64 dollars / kg in November 2022. In addition, the average export unit price increased compared to the previous month and was recorded as the highest average unit price of the year.
Exports of construction materials began to lose value in the last quarter of the year. Depending on the November 2022 export performance, annual (last 12 months) exports decreased to $ 34.1 billion in November. While the export amount decreased to 58.73 million tons, the average export unit price was 0.58 dollars / kg per year.
The highest unit price of 2022 in imports was realized
In November 2022, construction products imports stood at $ 875 million and amounted to 17.3 percent above November last year. In November 2022, construction products imports were 270 thousand 605 tons. In terms of quantity, imports declined significantly. The import unit price of the construction products industry reached the highest level of the year with 3.23 dollars / kg in November 2022.
Export performance of sub-sectors is gradually reducing
In the report, which recorded that in November 2022, there were increases in value in only 3 of the 8 sub-sectors compared to the same month of the previous year, it was evaluated that the increases in the sub-sectors were mostly caused by unit price increases and decreases were seen in quantity. In November 2022, average export unit prices in all 8 sub-product groups were at a higher level than in November 2021. Although global commodity and final product prices have entered a downward trend, they are still above last year's prices.

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