Contribution and/or dependency: Chinese hegemony on Turkey's mineral export

Basyigit M.

RESOURCES POLICY, cilt.74, 2021 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 74
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1016/j.resourpol.2021.102397
  • Dergi Adı: RESOURCES POLICY
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), Business Source Elite, Business Source Premier, Communication Abstracts, EconLit, Index Islamicus, INSPEC, Metadex, PAIS International, Pollution Abstracts, Public Affairs Index, Civil Engineering Abstracts
  • Anahtar Kelimeler: Mineral trade, Market dependency, Market concentration, Monopsony, LATIN-AMERICA, MARKET
  • Marmara Üniversitesi Adresli: Hayır

Özet

The mineral trade volume between Turkey and China has grown rapidly since the beginning of the 2000s. Today, with over 30% of all Turkey's mineral exports, China has become Turkey's largest exporting partner. Considering this level of quantity, it might be risky to rely on one market. Historical market shares were determined to measure the magnitude of the dependency. Following this, market diversity analyses were conducted to understand the market structure. The results pointed out the moderate dependency of Turkish mineral export on China. A mineral-wise sub-analysis showed that the dependency is mostly one-sided and China could easily find alternative exporters or could effortlessly restructure the market share distribution. Another warning coming from China is the economic growth rate. According to the findings of this paper, China's growth rate and mineral demand are directly related. However, the growth rate is diminishing. This study aims to introduce "market dependency to China" and its adverse impacts on the mineral export market. The presented findings and recommendations of this paper add to the literature on market dependency.