Concentration in the Turkish Cement Industry

Abstract

The market structure of the industry can be analyzed by reference to various indicators. These indicators are small or large firms operating in industry, market share, technological structure and competitive conditions. Todays is valid conditions of imperfect competition, concentration is one of the important indicators that determine whether they have a competitive structure operates. The main objective of this study is to analyze the market structure of the Turkish Cement Industry for the period of 2010-2014. To achieve this goal, domestic, foreign and net sales of firms data used in the study, N-Firm Concentration Ratio, Herfindahl-Hirschman and Entropy Index methods applied separately for each period, using the data set related to the domestic, foreign and net sales of firms in the industry. Consequently, the industry was determined as an oligopoly according to CR4 and CR8 while it was in a competitive market structure according to Herfindahl-Hirschman Index and Entropy Index.