Turkey: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Turkey

The Turkish sawnwood (coniferous) market rose slightly to $X in 2022, surging by 1.9% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Sawnwood (Coniferous) Production in Turkey

In value terms, sawnwood (coniferous) production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 29% against the previous year. Sawnwood (coniferous) production peaked at $X in 2021, and then fell in the following year.

Sawnwood (Coniferous) Exports

Exports from Turkey

In 2022, after three years of decline, there was significant growth in overseas shipments of sawnwood (coniferous), when their volume increased by 140,536% to X cubic meters. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X cubic meters) was the main destination for sawnwood (coniferous) exports from Turkey, accounting for a 50% share of total exports. Moreover, sawnwood (coniferous) exports to Iraq exceeded the volume sent to the second major destination, Iran (X cubic meters), twofold. The third position in this ranking was held by Qatar (X cubic meters), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+128.3% per year) and Qatar (+112.8% per year).

In value terms, Iraq ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Turkey, comprising 49% of total exports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total exports. It was followed by Iran, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+128.5% per year) and Iran (+90.2% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, dropping by -33.4% against the previous year. Overall, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35% against the previous year. The export price peaked at $X per cubic meter in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Iran ($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 Bulgaria (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Turkey

In 2022, approx. X cubic meters of sawnwood (coniferous) were imported into Turkey; growing by 14,448% against 2021. In general, imports enjoyed tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Turkey, with a 47% share of total imports. Moreover, sawnwood (coniferous) imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), twofold. The third position in this ranking was taken by Belarus (X cubic meters), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+5.4% per year) and Belarus (+115.2% per year).

In value terms, Ukraine ($X), Russia ($X) and Finland ($X) appeared to be the largest sawnwood (coniferous) suppliers to Turkey, together comprising 72% of total imports. Belarus, Romania, Sweden and Bulgaria lagged somewhat behind, together accounting for a further 23%.

Belarus, with a CAGR of +115.0%, saw the highest rates of growth with regard to the value of imports, among 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 sawnwood (coniferous) import price stood at $X per cubic meter in 2022, declining by -12.7% against the previous year. Overall, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Ukraine ($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 Romania (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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