Turkey: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Turkey

The Turkish industrial roundwood market fell slightly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a mild shrinkage. Industrial roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in Turkey

In value terms, industrial roundwood production declined slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Industrial roundwood production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial roundwood, when their volume decreased by X% to X cubic meters. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X cubic meters in 2021, and then contracted sharply in the following year.

In value terms, industrial roundwood exports contracted notably to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X cubic meters), Syrian Arab Republic (X cubic meters) and Georgia (X cubic meters) were the main destinations of industrial roundwood exports from Turkey, with a combined X% share of total exports. These countries were followed by Iran, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for industrial roundwood exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per cubic meter), while the average price for exports to Iran ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood Imports

Imports into Turkey

In 2022, overseas purchases of industrial roundwood increased by X% to X cubic meters, rising for the second year in a row after eight years of decline. Overall, imports, however, showed a dramatic contraction. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports surged to $X in 2022. In general, imports, however, faced a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Central African Republic (X cubic meters), the United States (X cubic meters) and Hungary (X cubic meters) were the main suppliers of industrial roundwood imports to Turkey, with a combined X% share of total imports. Croatia, Serbia, Latvia, Germany, Bosnia and Herzegovina, Bulgaria, France, Romania, Cameroon and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Central African Republic ($X) and Croatia ($X) were the largest industrial roundwood suppliers to Turkey, together accounting for X% of total imports. Serbia, Hungary, Bosnia and Herzegovina, Bulgaria, Germany, Cameroon, France, Latvia, Romania and Ukraine lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Latvia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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