Turkey: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Turkey

The Turkish coniferous roundwood market dropped to $X in 2022, falling by -3.1% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in Turkey

In value terms, coniferous roundwood production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports from Turkey

In 2022, overseas shipments of roundwood (coniferous) decreased by -98.7% to X cubic meters, falling for the fourth consecutive year after four years of growth. Overall, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 1,033%. Over the period under review, the exports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, coniferous roundwood exports dropped significantly to $X in 2022. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 757%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X cubic meters), the UK (X cubic meters) and Azerbaijan (X cubic meters) were the main destinations of coniferous roundwood exports from Turkey.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) emerged as the key foreign market for roundwood (coniferous) exports from Turkey, comprising 94% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.7% per year) and Azerbaijan (-56.3% per year).

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, reducing by -44.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2021, and then declined markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Azerbaijan ($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 Cyprus (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Turkey

In 2022, the amount of roundwood (coniferous) imported into Turkey dropped sharply to X cubic meters, reducing by -70.1% on 2021. Over the period under review, imports showed a sharp slump. The pace of growth was the most pronounced in 2020 when imports increased by 5.3% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coniferous roundwood imports fell remarkably to $X in 2022. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bulgaria (X cubic meters), Germany (X cubic meters) and Poland (X cubic meters) were the main suppliers of coniferous roundwood imports to Turkey, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +85.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to Turkey were Germany ($X), Bulgaria ($X) and Hungary ($X), together comprising 89% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +43.5%, 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 2022, the average coniferous roundwood import price amounted to $X per cubic meter, picking up by 101% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood import price increased by +138.5% against 2020 indices. As a result, import price reached 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 Hungary ($X per cubic meter), while the price for Bulgaria ($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 the United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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