The market is dominated by foreign suppliers, as imports account for 89.4% of total market size in 2023. Households drive market demand, with household spending representing 60.5% of total demand in 2023. Turkey has the eighth largest market size for refined petroleum products regionally, with demand reaching USD33.4 billion in 2023. Turkiye Petrol Rafinerileri AS is the largest company in Turkey, generating 75.2% of the industry’s total production value in 2023. The industry is concentrated, with the top two companies generating 81.3% of total production value in 2023. The total number of companies increases in 2023, to 364 units. The costs of the industry increase by 8.3% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 21.0% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 86.1% of total production output. With production value of USD17.6 billion, Turkey accounts for 3.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Turkey: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Turkey: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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