Turkey: Packaging Materials Market 2024

Packaging Materials Market Size in Turkey

In 2022, the Turkish packaging materials market increased by 27% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Packaging Materials Production in Turkey

In value terms, packaging materials production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2013 with an increase of 19%. Packaging materials production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Packaging Materials Exports

Exports from Turkey

In 2022, overseas shipments of packaging materials increased by 38% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 81% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, packaging materials exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Greece (X tons) and Italy (X tons) were the main destinations of packaging materials exports from Turkey, with a combined 36% share of total exports. Egypt, the UK, Russia, Iran, Morocco, Bulgaria, Israel, the United Arab Emirates, Georgia and Mexico lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +109.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for packaging materials exported from Turkey were Iran ($X), Greece ($X) and Egypt ($X), with a combined 30% share of total exports. Iraq, Russia, Italy, Morocco, the UK, Bulgaria, Israel, Georgia, the United Arab Emirates and Mexico lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, Mexico, with a CAGR of +78.0%, 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 packaging materials export price amounted to $X per ton, surging by 5.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Mexico ($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 Egypt (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Turkey

In 2022, purchases abroad of packaging materials increased by 18% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, packaging materials imports soared to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of packaging materials imports to Turkey, with a combined 36% share of total imports. Germany, Russia, the United States, Poland, Italy, India, Israel, France, Austria and Serbia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest packaging materials suppliers to Turkey were China ($X), Sweden ($X) and Germany ($X), with a combined 40% share of total imports. Finland, Russia, the United States, Poland, Italy, India, France, Austria, Serbia and Israel lagged somewhat behind, together accounting for a further 41%.

India, with a CAGR of +34.4%, recorded the highest rates of growth with regard to 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 packaging materials import price stood at $X per ton in 2022, with an increase of 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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