Turkey: Roundwood Market 2024

Roundwood Market Size in Turkey

The Turkish roundwood market declined modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a slight reduction. Roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Roundwood Production in Turkey

In value terms, roundwood production contracted to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Roundwood Exports

Exports from Turkey

After two years of growth, overseas shipments of roundwood decreased by X% to X cubic meters in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then contracted significantly in the following year.

In value terms, roundwood exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X cubic meters), Syrian Arab Republic (X cubic meters) and Georgia (X cubic meters) were the main destinations of roundwood exports from Turkey, with a combined X% share of total exports. These countries were followed by Iran, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for roundwood exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by Syrian Arab Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Iraq ($X per cubic meter), while the average price for exports to Iran ($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 Iraq (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Turkey

In 2022, purchases abroad of roundwood increased by X% to X cubic meters, rising for the second consecutive year after eight years of decline. In general, imports, however, faced a dramatic shrinkage. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, roundwood imports soared to $X in 2022. Overall, imports, however, saw a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Central African Republic (X cubic meters), the United States (X cubic meters) and Hungary (X cubic meters) were the main suppliers of roundwood imports to Turkey, with a combined X% share of total imports. Croatia, Georgia, Serbia, Latvia, Germany, Bosnia and Herzegovina, Bulgaria, France, Romania and Ukraine lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest roundwood suppliers to Turkey were the United States ($X), Central African Republic ($X) and Croatia ($X), together accounting for X% of total imports. Serbia, Hungary, Bosnia and Herzegovina, Bulgaria, Germany, France, Latvia, Romania, Georgia and Ukraine lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, 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 roundwood import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($X per cubic meter), while the price for Georgia ($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 Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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