Turkey: Mdf Market 2025

Mdf Market Size in Turkey

For the third consecutive year, the Turkish MDF market recorded decline in sales value, which decreased by -4.7% to $X in 2021. Overall, consumption recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Mdf Production in Turkey

In value terms, MDF production surged to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Mdf Exports

Exports from Turkey

In 2021, approx. X cubic meters of MDF were exported from Turkey; picking up by 89% compared with 2020. Overall, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, MDF exports surged to $X in 2021. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X cubic meters) was the main destination for MDF exports from Turkey, with a 20% share of total exports. Moreover, MDF exports to Iraq exceeded the volume sent to the second major destination, Morocco (X cubic meters), twofold. The third position in this ranking was held by Egypt (X cubic meters), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+92.5% per year) and Egypt (+82.1% per year).

In value terms, Iraq ($X), Morocco ($X) and Canada ($X) appeared to be the largest markets for MDF exported from Turkey worldwide, with a combined 32% share of total exports. Egypt, Tunisia, Iran, Russia, Algeria, Israel, Romania, Libya, Georgia and Azerbaijan lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Tunisia, with a CAGR of +124.7%, 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

The average MDF export price stood at $X per cubic meter in 2021, surging by 29% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-3.0%), while the prices for the other major destinations experienced a decline.

Mdf Imports

Imports into Turkey

In 2021, supplies from abroad of MDF increased by 20% to X cubic meters, rising for the second consecutive year after seven years of decline. Overall, imports, however, faced a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, MDF imports soared to $X in 2021. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X cubic meters), Bulgaria (X cubic meters) and Romania (X cubic meters) were the main suppliers of MDF imports to Turkey, with a combined 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +59.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest MDF suppliers to Turkey were Germany ($X), Romania ($X) and Belgium ($X), with a combined 47% share of total imports. These countries were followed by Spain, Slovenia, Bulgaria, Ukraine, China, Georgia, Greece, Russia, Austria and Italy, which together accounted for a further 46%.

Bulgaria, with a CAGR of +50.8%, recorded 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

The average MDF import price stood at $X per cubic meter in 2021, growing by 5.6% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, MDF import price increased by +70.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Bulgaria ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :