Turkey: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Turkey

The Turkish sack kraft paper market surged to $X in 2022, picking up by 16% against the previous year. In general, consumption, however, saw a buoyant expansion. Sack kraft paper consumption peaked in 2022 and is likely to continue growth in years to come.

Sack Kraft Paper Production in Turkey

In value terms, sack kraft paper production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 216%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Sack Kraft Paper Exports

Exports from Turkey

In 2022, overseas shipments of sack kraft paper increased by 29% to X tons, rising for the eighth consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sack kraft paper exports skyrocketed to $X in 2022. Overall, exports enjoyed a modest expansion. The growth pace was the most rapid in 2021 when exports increased by 102% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Portugal (X tons), Iraq (X tons) and Libya (X tons) were the main destinations of sack kraft paper exports from Turkey, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +141.9%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Iraq ($X) and Libya ($X) appeared to be the largest markets for sack kraft paper exported from Turkey worldwide, together comprising 72% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +178.7%, 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

The average sack kraft paper export price stood at $X per ton in 2022, jumping by 40% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sack kraft paper export price increased by +69.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per ton) and Germany ($X per ton), while the average price for exports to Spain ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sack Kraft Paper Imports

Imports into Turkey

After two years of growth, supplies from abroad of sack kraft paper decreased by -2.3% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +62.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. Imports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, sack kraft paper imports surged to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of sack kraft paper to Turkey, with a 41% share of total imports. Moreover, sack kraft paper imports from Russia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+4.9% per year) and Sweden (+3.1% per year).

In value terms, Russia ($X) constituted the largest supplier of sack kraft paper to Turkey, comprising 38% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 17% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+7.7% per year) and Sweden (+4.4% per year).

Import Prices by Country

The average sack kraft paper import price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. 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 Bosnia and Herzegovina ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform