The market is dominated by foreign suppliers, as imports account for 88.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.2% of total demand in 2023. Turkey has the eighth largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD30.4 billion in 2023. Turkiye Petrolleri AO is the largest company in Turkey, generating 8.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.6% of total production value in 2023. The total number of companies increases in 2023, to 175 units. The costs of the industry decrease by 8.4% in 2023, largely driven by declining labour costs. The industry’s profitability increases and stands at 84.7% of production value in 2023, the third highest regionally. The industry’s exports share increases in 2023 to 4.4% of total production output. With production value of USD3.4 billion, Turkey accounts for 1.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Turkey: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Turkey: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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