Turkey: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Turkey

The Turkish market for chemical wood pulp (soda and sulphate, other than dissolving grades) contracted to $X in 2021, with a decrease of -8.3% against the previous year. In general, consumption continues to indicate a deep reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Turkey

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) fell sharply to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 58%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports from Turkey

In 2021, shipments abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 65% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,381%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,149%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Iran (X tons) was the main destination for exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Turkey, with 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 totaled +70.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (0.0% per year) and Uzbekistan (+77.7% per year).

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

From 2012 to 2021, the average annual growth rate of value to Iran totaled +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (0.0% per year) and Uzbekistan (+81.9% per year).

Export Prices by Country

The average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, picking up by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external 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 Uzbekistan (+2.3%).

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports into Turkey

Imports of chemical wood pulp (soda and sulphate, other than dissolving grades) into Turkey rose markedly to X tons in 2021, picking up by 13% compared with 2020 figures. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.8% 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 imports of chemical wood pulp (soda and sulphate, other than dissolving grades) to Turkey, together accounting for 62% of total imports. Uruguay, Sweden, Portugal, Indonesia and Spain lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +39.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soda and sulphate chemical wood pulp suppliers to Turkey were Brazil ($X), Finland ($X) and the United States ($X), with a combined 64% share of total imports. Sweden, Uruguay, Portugal, Spain and Indonesia lagged somewhat behind, together accounting for a further 28%.

Uruguay, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X per ton, growing by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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