Turkey Alumina Market Outlook

turkey is one of the leading producers of high-grade alumina, accounting for around 7% of the total global alumina production. the country's demand for alumina remains strong and is expected to continue into the near future. in 2018, turkey imported 1.7 million tonnes of alumina and produced about 1.86 million tonnes. the country's main production centers located in the eastern marmara and black sea regions. the demand for this product has been growing over the years as aluminum production increases. it is estimated that by 2032, the demand for alumina in turkey will be at 3.3 million tonnes. the largest markets for alumina in turkey are the aerospace and buildings industries. aerospace industry consumes about 1.3 million tonnes of alumina in turkey to meet the demand of aircraft industry for aluminum parts. the construction and automotive industries are other significant contributors to the domestic market for alumina. the automotive industry demand for alumina in turkey is estimated to be around 600 thousand tonnes by 2032. overall, the demand for alumina in turkey is expected to remain strong in the coming years due to the steady increase in aluminum production and the government's commitment to investing in aluminum industries. alumina imports have been increasing in recent years, which reflects turkey's growing need for alumina as well as their commitment to reducing reliance on imports. the market for alumina in turkey is largely anticipated to experience a steady growth in the coming years. although there are some threats to the alumina market due to the highly competitive global market and the large number of foreign suppliers, the sector is expected to witness an annual growth rate of 5.8% in the next five years. furthermore, rising investments in the aluminum industry will provide a much-needed boost to the alumina market in turkey. in conclusion, the demand outlook for alumina in turkey continues to remain strong, with the country expected to meet an overall growth rate of 5.8% from 2018 to 2032. the alumina market is expected to be driven by a number of promising trends as well as government initiatives for investment in aluminum production.