Construction Materials Industry Output Rises

Construction Materials Sector Production Shows Growth The April 2023 results of the Monthly Sector Report, prepared monthly by Türkiye İMSAD, the umbrella organization of the construction materials sector (Türkiye İMSAD), have been released. According to the report, construction materials industrial production declined by 10.3 percent in February 2023 compared to the same period of the previous year. Of the 22 sub-sectors in the construction materials industry, production declined in 15 while it increased in 7. The highest growth of 35.6 percent occurred in the metal doors and windows sector, followed by wooden construction materials with 23.3 percent growth in second place, and electrical lighting equipment with 15.3 percent in third place.

Negative effects of the earthquake began to ease as of March

The sub-sector experiencing the highest production decline in February was steel construction products at 30.8 percent, while cement production came in second with a 27.6 percent decline. Parquet and floor coverings experienced the third largest decline at 19 percent. Ceramic coating materials ranked fourth with a 16.6 percent decrease. Following the earthquake disaster, construction materials production in the affected region largely halted. Declines were also experienced in other regions. The report noted that the negative impact of the earthquakes that occurred in February on production began to diminish as of March.

Investments in the earthquake region will boost the sector

In the Türkiye İMSAD report, closely followed by construction industry and economic circles, it was emphasized that following the earthquake disaster in February, seismic activity became the most important determining factor in the construction sector. In this context, new investments in residential, non-residential buildings and infrastructure in the 11 provinces affected by the earthquake initially created business potential in the sector. It was also noted that repair and strengthening activities in the region would particularly stimulate the renovation market.