Turkey: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Turkey

In 2022, the Turkish other papers packaging market increased by 0.6% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption, however, recorded a mild decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Other Papers Packaging Production in Turkey

In value terms, other papers packaging production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 97% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Other Papers Packaging Exports

Exports from Turkey

In 2022, approx. X tons of other papers packaging were exported from Turkey; surging by 28% compared with 2021 figures. In general, exports posted buoyant growth. The growth pace was the most rapid in 2018 with an increase of 152%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, other papers packaging exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for other papers packaging exports from Turkey, with a 30% share of total exports. Moreover, other papers packaging exports to the UK exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Iran (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +129.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+5.6% per year) and Iran (+33.5% per year).

In value terms, the UK ($X) remains the key foreign market for other papers packaging exports from Turkey, comprising 29% of total exports. The second position in the ranking was taken by Iran ($X), with a 14% share of total exports. It was followed by Bulgaria, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +99.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+27.4% per year) and Bulgaria (+12.5% per year).

Export Prices by Country

The average other papers packaging export price stood at $X per ton in 2022, jumping by 32% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging export price increased by +77.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Other Papers Packaging Imports

Imports into Turkey

In 2022, supplies from abroad of other papers packaging increased by 29% to X tons, rising for the second year in a row after six years of decline. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, other papers packaging imports skyrocketed to $X in 2022. Overall, imports posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 98% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Russia (X tons) and China (X tons) were the main suppliers of other papers packaging imports to Turkey, together comprising 70% of total imports. Germany, Finland, Uzbekistan, Belarus and the Netherlands lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +2,856.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other papers packaging suppliers to Turkey were China ($X), Italy ($X) and Russia ($X), with a combined 70% share of total imports. Germany, Finland, Belarus, Uzbekistan and the Netherlands lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Uzbekistan, with a CAGR of +3,447.9%, recorded the highest growth rate of 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

In 2022, the average other papers packaging import price amounted to $X per ton, rising by 46% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +50.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 China ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :