Magnesite market Turkey

Earlier Report Observations

The Turkish natural magnesium carbonate market experienced notable fluctuations between 2018 and 2022. Starting at a high of 1.9 million tonnes in 2018, supported by active industrial use in sectors like heat insulation, rubber, and glass, the market contracted sharply the following year. A recovery began in 2020, fueled by increased application as a moisture-absorbing filler in sports equipment and as an anti-caking agent in cosmetics, pushing consumption to 1.5 million tonnes. The most significant growth arrived in 2021, when the market expanded to 1.8 million tonnes, primarily driven by major investments in production capacity, most notably the ongoing development of the Esan Magnesium plant, which aimed to add substantial primary magnesium output using the Pidgeon process.

By 2022, the market volume saw a modest correction to 1.8 million tonnes, stabilizing at a high level. This period was marked by regulatory developments, including stricter rules governing the use of the 'natural' claim on food labels for products containing magnesium carbonate, which altered marketing strategies. Concurrently, consumer demand for organic and non-GMO supplements and the sustained popularity of magnesium carbonate in climbing and gymnastics as a drying agent provided underlying support to the market, helping to maintain volume despite the new labeling requirements.

Production magnesite Turkey

In kind, 2017-2020, K t

Turkey ranked 4th globally in magnesite production from 2017 to 2020.

Top producers of magnesite, 2017-2020

World map of production of magnesite, 2017-2020

In 2020, Turkey produced 1,561 K t of magnesite, showing a modest 4.3% increase compared to 2019. Over the 2017-2020 period, production decreased by 7.9%, with a compound annual growth rate (CAGR) of -2.7%. The lowest production was recorded in 2019 at 1,496 K t, while the highest was in 2018 at 1,959 K t. The largest decline occurred in 2019, falling by 23.6%, and the largest increase was in 2018, rising by 15.6%.

Annual dynamics of production Turkey in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, Turkey's magnesite output was valued at 142.4 M $ US, marking a 4.9% increase from the previous year. Between 2017 and 2020, production value decreased by 15.2%, equivalent to an annualized rate of -5.3%. The minimum value was recorded in 2019 at 135.7 M $ US, and the maximum in 2018 at 177.1 M $ US. The largest decline was in 2019, dropping by 23.4%, while the largest increase was in 2018, rising by 5.5%.

Annual dynamics of production Turkey in value, 2017-2020, M $ US

Exports magnesite to Turkey

Exports in kind, t

After two years of growth, magnesite shipments from Turkey declined. In 2020, export volume stood at 53,932 t, reflecting a 7.9% decrease from 2019. Over the 2017-2020 period, exports increased by 100.9%, with a CAGR of 26.2%. The maximum value was recorded in 2019 at 58,528 t, and the largest increase occurred in 2018, rising by 61.2%.

Annual dynamics of product's exports to Turkey in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Turkey's magnesite exports in kind were Greece (52.2% of exports), Italy (12.5%), and the United Kingdom (11.5%), together accounting for 76.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports to Turkey in kind, 2017-2020

Exports in value, K $ US

Following a two-year rise, Turkey's magnesite export volumes declined. In 2020, exports amounted to 4,921 K $ US, corresponding to a 7.3% drop compared to 2019. Over the 2017-2020 period, exports increased by 84.9%, with a CAGR of 22.7%. The maximum value was recorded in 2019 at 5,310 K $ US, and the largest increase was in 2018, rising by 47.1%.

Annual dynamics of product's exports to Turkey in value, 2017-2020, K $ US

From 2017 to 2020, the primary markets for Turkey's magnesite exports in value terms were Greece (41.0% of exports), the United Kingdom (16.5%), and Italy (11.5%), forming a combined share of 69.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports to Turkey in value, 2017-2020

Imports magnesite in Turkey

Imports in kind, t

Market performance showed noticeable fluctuations during the period. Imports reached their lowest point in 2017 and peaked in 2019, with a 71-fold difference between these years. In 2020, Turkey's magnesite imports amounted to 53 t, which is 88.5% lower than in 2019. The maximum value was recorded in 2019 at 463 t, and the largest increase occurred in 2019, rising by 3,347.2%.

Annual dynamics of product's imports in Turkey in kind, 2017-2020, t

From 2017 to 2020, the structure of imports in kind was dominated by Germany, which absorbed 85.3% of total flows, with the remainder distributed among numerous minor partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports in Turkey in kind, 2017-2020

Imports in value, K $ US

The market exhibited volatility over the observed period. Imports bottomed in 2017 and peaked in 2019, differing by 46 times. In 2020, Turkey's magnesite imports totaled 13 K $ US, indicating a 93.3% contraction compared to 2019. The maximum value was recorded in 2019 at 195 K $ US, and the largest increase occurred in 2019, rising by 1,474.1%.

Annual dynamics of product's imports in Turkey in value, 2017-2020, K $ US

From 2017 to 2020, Germany consistently accounted for 86.3% of total imports in value terms, showing high market concentration, while the rest was shared among other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports in Turkey in value, 2017-2020