Turkey: Veneer Sheet Market 2025

Veneer Sheet Market Size in Turkey

The Turkish veneer sheet market contracted remarkably to $X in 2022, waning by -16.1% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.7% against 2020 indices. Veneer sheet consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheet Production in Turkey

In value terms, veneer sheet production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Veneer sheet production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Veneer Sheet Exports

Exports from Turkey

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported from Turkey; picking up by 72% against 2021. Over the period under review, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheet exports surged to $X in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X square meters) was the main destination for veneer sheet exports from Turkey, with a 59% share of total exports. Moreover, veneer sheet exports to Egypt exceeded the volume sent to the second major destination, Italy (X square meters), eightfold. Iran (X square meters) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.3% per year) and Iran (+13.7% per year).

In value terms, Egypt ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for veneer sheet exported from Turkey worldwide, with a combined 53% share of total exports. Iran, Israel, Portugal, Morocco, the United Arab Emirates, Lebanon, Greece, Romania and Lithuania lagged somewhat behind, together comprising a further 29%.

Portugal, with a CAGR of +320.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, declining by -14.8% against the previous year. Over the period under review, the export price saw a noticeable decrease. The growth pace was the most rapid in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Turkey

In 2022, purchases abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 19% to X square meters, rising for the third year in a row after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +92.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheet imports surged to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +113.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X square meters) constituted the largest veneer sheet supplier to Turkey, accounting for a 60% share of total imports. Moreover, veneer sheet imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X square meters), threefold. The third position in this ranking was taken by China (X square meters), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+9.0% per year) and China (+1.4% per year).

In value terms, Russia ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Turkey, comprising 35% of total imports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+13.6% per year) and China (+0.0% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, rising by 31% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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