Turkey: Plywood Market 2024

Plywood Market Size in Turkey

In 2021, the Turkish plywood market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a mild contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Plywood Production in Turkey

In value terms, plywood production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 86%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Plywood Exports

Exports from Turkey

In 2021, plywood exports from Turkey skyrocketed to X cubic meters, with an increase of 238% against the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plywood exports soared to $X in 2021. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X cubic meters) was the main destination for plywood exports from Turkey, with a 8.6% share of total exports. Moreover, plywood exports to Iraq exceeded the volume sent to the second major destination, Bulgaria (X cubic meters), twofold. The third position in this ranking was taken by Egypt (X cubic meters), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+62.9% per year) and Egypt (+74.1% per year).

In value terms, Iraq ($X), Bulgaria ($X) and Romania ($X) appeared to be the largest markets for plywood exported from Turkey worldwide, with a combined 16% share of total exports. Turkmenistan, Morocco, Belgium, France, Italy, Canada, Egypt, Greece, Georgia and Israel lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Canada, with a CAGR of +122.5%, 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

In 2021, the average plywood export price amounted to $X per cubic meter, surging by 11% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, 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 Bulgaria ($X per cubic meter), while the average price for exports to Egypt ($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 Morocco (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports

Imports into Turkey

In 2021, overseas purchases of plywood increased by 54% to X cubic meters, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 96%. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, plywood imports soared to $X in 2021. Overall, imports, however, recorded a abrupt slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Latvia (X cubic meters), Russia (X cubic meters) and Poland (X cubic meters) were the main suppliers of plywood imports to Turkey, with a combined 45% share of total imports. Estonia, Finland, Moldova, Belarus, Vietnam, India, Bulgaria, Ukraine, Romania and Brazil lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of +126.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plywood suppliers to Turkey were Latvia ($X), Russia ($X) and Estonia ($X), together comprising 40% of total imports. Finland, Poland, Moldova, Belarus, India, Vietnam, Bulgaria, Ukraine, Romania and Brazil lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Moldova, with a CAGR of +112.8%, 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

In 2021, the average plywood import price amounted to $X per cubic meter, rising by 25% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Vietnam ($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 Romania (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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