The market is dominated by foreign suppliers, as imports account for 91.2% of total market size in 2024. B2B drives market demand, with B2B spending representing 100% of total demand in 2024. Turkey has the third largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD74.0 billion in 2024. Turkiye Petrolleri AO is the largest company in Turkey, generating 6.7% of the industry’s total production value in 2024. The industry is fragmented, with the top four companies generating 11.5% of total production value in 2024. The total number of companies increases in 2024, to 335 units. The costs of the industry increase by 29.6% in 2024, largely driven by rising B2B costs. The industry’s profitability increases and stands at 75.4% of production value in 2024, the highest regionally. The industry’s exports share increases in 2024 to 1.7% of total production output. With production value of USD4.9 billion, Turkey accounts for % of the Western Europe total in 2024.
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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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