Turkey: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Turkey

After two years of decline, the Turkish bleached sulphate pulp market increased by 34% to $X in 2021. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bleached Sulphate Pulp Exports

Exports from Turkey

In 2021, overseas shipments of bleached sulphate pulp increased by 64% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,747% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, bleached sulphate pulp exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,149%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Iran (X tons) was the main destination for bleached sulphate pulp exports from Turkey, accounting for a 91% share of total exports. It was followed by Afghanistan (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran amounted to +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (0.0% per year) and Uzbekistan (+77.9% per year).

In value terms, Iran ($X) remains the key foreign market for bleached sulphate pulp exports from Turkey, comprising 90% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iran amounted to +86.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (0.0% per year) and Uzbekistan (+82.0% per year).

Export Prices by Country

The average bleached sulphate pulp export price stood at $X per ton in 2021, with an increase of 38% against the previous year. Overall, the export price, however, showed a mild setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+3.1%).

Bleached Sulphate Pulp Imports

Imports into Turkey

Bleached sulphate pulp imports into Turkey amounted to X tons in 2021, picking up by 9.5% compared with 2020 figures. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, bleached sulphate pulp imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Finland (X tons) and the United States (X tons) were the main suppliers of bleached sulphate pulp imports to Turkey, with a combined 61% share of total imports. These countries were followed by Uruguay, Portugal, Sweden, Indonesia and Spain, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +39.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Finland ($X) and the United States ($X) were the largest bleached sulphate pulp suppliers to Turkey, together comprising 64% of total imports. These countries were followed by Uruguay, Sweden, Portugal, Indonesia and Spain, which together accounted for a further 30%.

In terms of the main suppliers, Uruguay, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bleached sulphate pulp import price amounted to $X per ton, increasing by 39% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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