Actually, this is not an unexpected picture.
The impressions we gained about China at the Xiamen Fair, the sharp decline in the US market for almost the entire year, problems, troubles…
The result? After a 2-year rise, export revenues started to decline again and closed the year below the 2 billion dollar threshold.
Closing 2023 in this way, one wants to enter 2024 with new hopes.
However, this is also a problem. The rapid increase in costs in the inflationary environment in Turkey, the suppressed, floating exchange rate, the exporter caught in the middle…
So is there a way? Any hope?
Let us share our observations…
1- The clear expression of the value given to mining in the Medium Term Programme seems to have influenced the bureaucrats. The statements at the Our Life is Our Mine Workshop in Afyon are promising in terms of overcoming bureaucratic problems. From the Ministry of Mining to the execution of transactions from a single point, the demands we have been hearing from the sector executives for years are now being expressed on the state side.
2- A decision that could be ‘decisive’ in the competition between natural stone and artificial products was taken in Australia… The ban on artificial products is a candidate to be reflected in other countries in the long term.
3- Maybe it is just a rumour at the moment, but a serious movement is expected in the exchange rate after the local elections to be held on 31 March 2024.
4- Despite the 7.6% decline in exports in 2023, there is an increase in revenue per tonne.
5- Tureks became the first company in the marble sector to start trading on Borsa Istanbul. After this step, one wonders if we will see new companies on the stock exchange…
Yes, this is the summary of 2023,
Let’s see what 2024 will bring.
