of 2026, Turkey's GDP growth fell to 2.5% year-on-year, slowing significantly from 3.4% in the previous quarter and below market consensus expectations of 2.7%. Among them, the growth rate of fixed asset investment slowed sharply from 5.4% in the previous quarter to 3.0%, and the growth rate of household consumption also narrowed. Affected by the high interest rate policy and fiscal tightening measures, the momentum of economic growth in the second quarter also continued to be weak. Affected by this, Turkey's domestic cement market as a whole was under pressure in the first half of 2026. From January to April, Turkey's domestic cement sales dropped to 19.847 million tons, a decrease of about 4.3% compared with the same period last year. In terms of
regional structure, the demand in Southeast Anatolia, Mediterranean and other major post-disaster reconstruction regions, which had previously maintained high growth, gradually slowed down; while the sales volume of cement in Marmara, Aegean Sea, Black Sea and other traditional major consumer markets still showed a significant downward trend due to the dual impact of extreme weather in the first quarter and the continued downturn in the residential construction market.
Figure 1 Turkish domestic cement sales

data source: Turkish Cement Association, cement big data (https://data.ccement.com/)
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