What was the impact of the COVID-19 pandemic on Turkey’s marble exports in the first nine months of 2020?
Turkey is the largest exporter of marble products in the world. However, the impact of the COVID-19 pandemic and the lockdown imposed on major markets affected its exports.
Analyzing the statistics of the Turkish Statistical Institute (TURKSTAT) we found that despite the unprecedented crisis, Turkey kept the decline in total marble exports. Specifically, between the nine months of 2019 – 2020, it records a decrease in the value of imports by -12.1% and in quantity by -16.2%.
The increase in exports of processed marble limited the decline, especially in the months when exports of marble block and slabs recorded a large and continuous decrease. In the Table below we see the changes in the total marble exports of Turkey between the nine months 2019 – 2020.
In the Table we see that this year started with a rise in January while from February to March there is a big drop due to the COVID-19 pandemic and the lockdown imposed on Turkey and its main export destinations. In June, Turkey recovered, showing a significant increase due to the impressive increase in exports of processed marble, which continued until September. On the contrary, marble block and slabs continued to fall sharply, negatively affecting total exports. In September, the reduction in the fall of the raw materials combined with the increase in the processed ones led to the increase of the total exports.
*Due to consistent data flow, statistics may alter during the year
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