Turkey: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Turkey

The Turkish industrial roundwood market declined to $X in 2022, dropping by -6.1% against the previous year. Overall, consumption saw a relatively flat trend pattern. Industrial roundwood consumption peaked at $X in 2021, and then fell in the following year.

Industrial Roundwood Production in Turkey

In value terms, industrial roundwood production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. Industrial roundwood production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Roundwood Exports

Exports from Turkey

In 2022, shipments abroad of industrial roundwood decreased by -31.9% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 249%. Over the period under review, the exports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood exports shrank rapidly to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 183% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X cubic meters), Georgia (X cubic meters) and Iran (X cubic meters) were the main destinations of industrial roundwood exports from Turkey, together accounting for 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +36.0%), while the other leaders experienced mixed trend patterns.

In value terms, Iraq ($X) remains the key foreign market for industrial roundwood exports from Turkey, comprising 79% of total exports. The second position in the ranking was taken by Georgia ($X), with a 14% share of total exports. It was followed by Iran, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+0.9% per year) and Iran (-7.6% per year).

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, picking up by 5.9% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per cubic meter), while the average price for exports to Pakistan ($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 Iran (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood Imports

Imports into Turkey

In 2022, purchases abroad of industrial roundwood increased by 38% to X cubic meters, rising for the second consecutive year after eight years of decline. In general, imports, however, continue to indicate a sharp descent. Over the period under review, imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Central African Republic (X cubic meters), the United States (X cubic meters) and Hungary (X cubic meters) were the main suppliers of industrial roundwood imports to Turkey, together comprising 34% of total imports. Croatia, Serbia, Latvia, Germany, Bosnia and Herzegovina, Bulgaria, France, Romania, Cameroon and Ukraine lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +109.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood suppliers to Turkey were the United States ($X), Central African Republic ($X) and Croatia ($X), with a combined 50% share of total imports. Serbia, Hungary, Bosnia and Herzegovina, Bulgaria, Germany, Cameroon, France, Latvia, Romania and Ukraine lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Latvia, with a CAGR of +116.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial roundwood import price stood at $X per cubic meter in 2022, jumping by 36% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 69%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Latvia ($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 Ukraine (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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