Turkey: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Turkey

The Turkish market for saw logs and veneer logs (coniferous) dropped slightly to $X in 2021, with a decrease of -3.3% against the previous year. Overall, consumption recorded a perceptible downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Turkey

In value terms, production of saw logs and veneer logs (coniferous) reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 42%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Turkey

In 2021, shipments abroad of saw logs and veneer logs (coniferous) was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,059% against the previous year. Over the period under review, the exports of attained the maximum at X cubic meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (coniferous) reached $X in 2021. In general, exports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 757%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Turkey, accounting for a 65% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to Cyprus exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+82.2% per year) and Kuwait (+155.0% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for saw logs and veneer logs (coniferous) exports from Turkey, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+68.0% per year) and Kuwait (+140.4% per year).

Export Prices by Country

In 2021, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, increasing by 13% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44%. The export price peaked at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per cubic meter), while the average price for exports to Kuwait ($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 Pakistan (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Turkey

Imports of saw logs and veneer logs (coniferous) into Turkey declined slightly to X cubic meters in 2021, approximately equating 2020. In general, imports recorded a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 5.4%. Over the period under review, imports of hit record highs at X cubic meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) surged to $X in 2021. Over the period under review, imports recorded a precipitous curtailment. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bulgaria (X cubic meters) was the main saw logs and veneer logs (coniferous) supplier to Turkey, accounting for a 97% share of total imports. It was followed by Belarus (X cubic meters), with a 1.9% share of total imports. The third position in this ranking was taken by Ukraine (X cubic meters), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria amounted to -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-3.7% per year) and Ukraine (-67.8% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Turkey, comprising 93% of total imports. The second position in the ranking was held by Belarus ($X), with a 3.7% share of total imports. It was followed by Ukraine, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria totaled -17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-5.4% per year) and Ukraine (-66.2% per year).

Import Prices by Country

In 2021, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, growing by 19% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per cubic meter), while the price for Bulgaria ($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 the United States (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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