Turkish building materials raise the bar

Exports of the Turkish Construction Materials sector increased by 50 percent compared to the January-June period and reached 14.5 billion dollars. The sector, which exports to 216 different markets in total, was the United Kingdom with a 7 percent share and 965 million dollars. 

The Turkish building materials industry, which closed 2020 with $21.8 billion, surpassed strong countries such as the Netherlands, England and Mexico, according to the trademap.org database. Turkish Construction Materials sector ranks 9th in the world export ranking and 6th in Europe.

Serdar Urfalılar, Member of the Board of Directors of İDDMİB and Chairman of the Turkish Construction Materials Sector Committee, said, “As the effects of the pandemic begin to wane, the market is reviving again. People started to turn to housing, which is one of the safest investment tools. This is an important development for our industry to heal the wounds of the pandemic and look to the future with hope.”

The Turkish Construction Materials industry, which aims to go one step higher on a global scale this year and to be in the top 10 in the world, increased its exports by 50 percent by selling products to 216 different markets in the January-June 2021 period. The most exported country in the sector was the United Kingdom with a 7 percent share and 965 million dollars, followed by Germany with 919 million dollars, Israel with 906 million dollars and the United States with 903 million dollars.

Russian influence not as much as China

Member of the Board of Directors of İDDMİB and Chairman of the Turkish Construction Materials Sector Committee, Serdar Urfalılar, Our market, which has the largest share in Turkey's construction materials exports, is the European Union countries. In the January-June 2021 period, we exported 4.1 billion dollars to the EU. Compared to the same period of 2020, we achieved an export increase of 59 percent.” 

Emphasizing that raw material prices are on the rise all over the world with inflation, the people of Urfa said, “Due to this increase, an export appetite has been formed in the companies in raw material exporting countries. Important states in the sector such as Russia and China are taking tax measures because they are afraid that this appetite will put their raw material needs into trouble. The statement of the Russian Minister of Economic Development that it aims to combat inflation pressures caused by the increase in commodity prices by imposing a 15 percent customs tax on the exports of certain metals as of August 1, I do not think that it will affect the Turkish Construction Materials sector as much as China's move, since our imports from Russia are not very high . While 1.7 billion dollars and 20 percent of Turkey's imports in the building materials sector belong to China, 218,