The market is dominated by foreign suppliers, as imports account for 50.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 80.3% of total demand in 2023. Turkey has the second largest market size for fertilisers and nitrogen compounds regionally, with demand reaching USD8.7 billion in 2023. Gubre Fabrikalari T AS is the largest company in Turkey, generating 19.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 42.3% of total production value in 2023. The total number of companies increases in 2023, to 781 units. The costs of the industry increase by 32.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 9.9% of production value in 2023, the 11th highest regionally. The industry’s exports share decreases in 2023 to 20.8% of total production output. With production value of USD4.5 billion, Turkey accounts for 14.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Fertilisers and Nitrogen Compounds in Turkey: ISIC 2412. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fertilisers and Nitrogen Compounds in Turkey: ISIC 2412 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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