Turkey: Fiberboard Market 2024

Fiberboard Market Size in Turkey

The Turkish fiberboard market totaled $X in 2022, picking up by 12% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.7% against 2018 indices. Fiberboard consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Fiberboard Production in Turkey

In value terms, fiberboard production amounted to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 52% against the previous year. Fiberboard production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fiberboard Exports

Exports from Turkey

In 2022, shipments abroad of fiber board of wood or other ligneous materials decreased by -6.2% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. The exports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, fiberboard exports reached $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Iraq (X cubic meters), Tunisia (X cubic meters) and Morocco (X cubic meters) were the main destinations of fiberboard exports from Turkey, with a combined 29% share of total exports. Libya, Canada, Romania, Egypt, Iran, Georgia, Bulgaria, Algeria, Serbia and Russia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +100.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fiberboard exported from Turkey were Iraq ($X), Morocco ($X) and Tunisia ($X), with a combined 26% share of total exports. Canada, Romania, Libya, Egypt, Georgia, Russia, Bulgaria, Iran, Algeria and Serbia lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Canada, with a CAGR of +89.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, increasing by 20% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22%. 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 Russia ($X per cubic meter), while the average price for exports to Iran ($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 Egypt (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Fiberboard Imports

Imports into Turkey

Fiberboard imports into Turkey soared to X cubic meters in 2022, growing by 284% on the previous year. Overall, imports, however, showed a deep reduction. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fiberboard imports soared to $X in 2022. In general, imports, however, saw a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest supplier of fiberboard to Turkey, accounting for a 58% share of total imports. Moreover, fiberboard imports from Russia exceeded the figures recorded by the second-largest supplier, Iran (X cubic meters), threefold. Romania (X cubic meters) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +74.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+157.4% per year) and Romania (-24.8% per year).

In value terms, Russia ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Turkey, comprising 52% of total imports. The second position in the ranking was taken by Iran ($X), with a 16% share of total imports. It was followed by Romania, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +66.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+148.0% per year) and Romania (-22.5% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, shrinking by -24.8% against the previous year. Overall, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2020 when the average import price increased by 13%. The import price peaked at $X per cubic meter in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Iran ($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 Italy (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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