Turkey is rich in mineral resources, mainly including natural stone, marble, boron ore, chromium, thorium and coal, with a total value exceeding 2 trillion US dollars. Among them, the reserves of natural stone and marble account for 40% of the world's total, ranking first in the world in terms of both reserves and variety. The reserves of boric oxide are 70 million tons, valued at 356 billion US dollars; thorium reserves account for 22% of the global total; chromium ore reserves are 100 million tons, ranking among the top in the world. In addition, the reserves of gold, silver and coal are 516 tons, 1,100 tons and 15.5 billion tons respectively.
The development of various mineral resources and industries such as metallurgy, power and cement will inevitably lead to the demand for conveyor belts. European brands and Chinese conveyor belt manufacturers with strong strength all attach great importance to the Turkish market. However, the Turkish market also poses significant challenges for Chinese manufacturers.
Recently, the Turkish conveyor belt market has been affected by the Turkish government's policy of imposing anti-dumping duties on Chinese conveyor belts. This policy will impose anti-dumping duties on vulcanized rubber conveyor belts originally from China and re-exported to Turkey through Malaysia, increasing trade costs and uncertainties. This measure aims to prevent the circumvention of existing tax measures and encourage exporters to have a better understanding of the laws, regulations and policy dynamics of the target market.
Chinese conveyor belt suppliers may need to adjust their supply chains and trade strategies, seek more compliant trade routes, and enhance communication and negotiation with countries like Turkey.
In the complex and ever-changing international trade environment, the Turkish market still presents opportunities. Enterprises need to continuously improve their technological levels and market competitiveness to meet challenges and seize opportunities.
QBF rubber sticks to its specialized belting and accessories strategy with strong technical inputs and solution availablity in Turkish market.
