Rapid Recovery of the Furniture Industry Restores the Turkish MDF Market from the Pandemic
Mar 11, 2021
833
In May 2020, the MDF production began to grow rapidly and exceeded its pre-crisis level in July 2020. This was also relevant for the manufacture of furniture, which is the key downstream industry for the MDF market. If the country will return to pandemic-free life in 2021, Turkey's real GDP is projected to grow by about 3% per annum in the medium term, which is to create a positive background for future MDF growth. Increasing exports to countries with rising demand for MDF, e.g., the U.S., may potentially become an additional driver for the Turkish MDF industry.