Turkey: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Turkey

The Turkish market for wood boxes, crates and cable drums dropped rapidly to $X in 2022, with a decrease of -47.5% against the previous year. Overall, consumption, however, recorded a significant increase. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Production of Wood Boxes, Crates and Cable Drums in Turkey

In value terms, wood box and cable drum production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 104% against the previous year. Wood box and cable drum production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Turkey

Wood box and cable drum exports from Turkey skyrocketed to X units in 2022, rising by 55% on 2021. Over the period under review, exports, however, continue to indicate a pronounced decrease. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood box and cable drum exports soared to $X in 2022. In general, exports saw a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X units) was the main destination for wood box and cable drum exports from Turkey, accounting for a 28% share of total exports. Moreover, wood box and cable drum exports to Jordan exceeded the volume sent to the second major destination, Bulgaria (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+17.6% per year) and Italy (+23.2% per year).

In value terms, Jordan ($X) remains the key foreign market for wood boxes, crates and cable drums exports from Turkey, comprising 28% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 10% share of total exports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+24.8% per year) and Italy (+30.8% per year).

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, leveling off at the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per unit) and Egypt ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Turkey

In 2022, approx. X units of wood boxes, crates and cable drums were imported into Turkey; waning by -16.6% against the year before. In general, imports saw a mild contraction. The pace of growth was the most pronounced in 2017 when imports increased by 30% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports shrank dramatically to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Sweden (X units), Austria (X units) and Germany (X units) were the main suppliers of wood box and cable drum imports to Turkey, together accounting for 54% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +75.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Austria ($X) and Germany ($X) constituted the largest wood box and cable drum suppliers to Turkey, with a combined 54% share of total imports.

Sweden, with a CAGR of +81.6%, saw 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 import price for wood boxes, crates and cable drums amounted to $X per unit, waning by -3.6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +44.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and Latvia ($X per unit), while the price for the Netherlands ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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