Turkey: Folding Boxboard Market 2024

Folding Boxboard Market Size in Turkey

In 2021, the Turkish folding boxboard market increased by 16% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Folding Boxboard Production in Turkey

In value terms, folding boxboard production reached $X in 2021 estimated in export price. In general, production saw a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Folding Boxboard Exports

Exports from Turkey

In 2021, approx. X tons of folding boxboard were exported from Turkey; rising by 108% compared with 2020 figures. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard exports surged to $X in 2021. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons), Iran (X tons) and Morocco (X tons) were the main destinations of folding boxboard exports from Turkey, with a combined 35% share of total exports. Tunisia, Bulgaria, Greece, Romania, Iraq, Libya, Israel, South Africa, Spain and Georgia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +80.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for folding boxboard exported from Turkey were Iran ($X), Egypt ($X) and Morocco ($X), with a combined 46% share of total exports. These countries were followed by Tunisia, Iraq, Romania, Bulgaria, Libya, South Africa, Greece, Israel, Georgia and Spain, which together accounted for a further 33%.

South Africa, with a CAGR of +69.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average folding boxboard export price amounted to $X per ton, reducing by -2.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while the average price for exports to Spain ($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 Romania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into Turkey

In 2021, the amount of folding boxboard imported into Turkey skyrocketed to X tons, surging by 26% on the year before. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 +52.1% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +79.6% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Finland (X tons) and China (X tons) were the main suppliers of folding boxboard imports to Turkey, with a combined 52% share of total imports. Germany, Italy, Greece, India, the United States, the UK, Spain, Indonesia, France and Canada lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +53.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest folding boxboard suppliers to Turkey were Sweden ($X), China ($X) and Finland ($X), with a combined 55% share of total imports. Germany, Italy, India, the United States, the UK, Greece, Spain, Indonesia, France and Canada lagged somewhat behind, together accounting for a further 32%.

India, with a CAGR of +40.3%, 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 folding boxboard import price amounted to $X per ton, surging by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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