Turkey: Fibreboard Market 2024

Fibreboard Market Size in Turkey

After three years of decline, the Turkish fibreboard market increased by X% to $X in 2022. Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Fibreboard Production in Turkey

In value terms, fibreboard production totaled $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Fibreboard Exports

Exports from Turkey

In 2022, shipments abroad of fibreboard decreased by X% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then shrank in the following year.

In value terms, fibreboard exports rose sharply to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Iraq (X cubic meters), Tunisia (X cubic meters) and Morocco (X cubic meters) were the main destinations of fibreboard exports from Turkey, together accounting for X% of total exports. Libya, Canada, Egypt, Romania, Iran, Georgia, Bulgaria, Algeria, Serbia and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest growth rate of 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 fibreboard export price amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price, however, showed a mild slump. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fibreboard Imports

Imports into Turkey

In 2022, fibreboard imports into Turkey skyrocketed to X cubic meters, growing by X% compared with 2021. Overall, imports, however, continue to indicate a deep slump. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fibreboard imports skyrocketed to $X in 2022. In general, imports, however, recorded a deep setback. 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 fibreboard supplier to Turkey, with a X% share of total imports. Moreover, fibreboard 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 X% share.

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

In value terms, Russia ($X) constituted the largest supplier of fibreboard to Turkey, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Romania (X% per year).

Import Prices by Country

The average fibreboard import price stood at $X per cubic meter in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per cubic meter, and then plummeted in the following year.

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

Source: IndexBox Platform

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