Turkey: Veneer Sheets Market 2025

Veneer Sheets Market Size in Turkey

In 2022, the Turkish veneer sheets market increased by 12% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheets Production in Turkey

In value terms, veneer sheets production fell to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Turkey

For the ninth consecutive year, Turkey recorded growth in shipments abroad of veneer sheets, which increased by 73% to X cubic meters in 2022. Overall, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheets exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X cubic meters) was the main destination for veneer sheets exports from Turkey, with a 59% share of total exports. Moreover, veneer sheets exports to Egypt exceeded the volume sent to the second major destination, Italy (X cubic meters), eightfold. The third position in this ranking was held by Iran (X cubic meters), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.0% per year) and Iran (+13.7% per year).

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

In terms of the main countries of destination, Portugal, with a CAGR of +398.1%, 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 veneer sheets export price stood at $X per cubic meter in 2022, declining by -15.6% against the previous year. Overall, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per cubic meter), while the average price for exports to Egypt ($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 Portugal (+66.8%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Turkey

In 2022, overseas purchases of veneer sheets increased by 17% to X cubic meters, rising for the third consecutive year after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +89.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, veneer sheets imports skyrocketed to $X in 2022. Overall, total imports indicated a resilient expansion 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest veneer sheets supplier to Turkey, accounting for a 59% share of total imports. Moreover, veneer sheets imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X cubic meters), threefold. The third position in this ranking was held by China (X cubic meters), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+9.4% per year) and China (+1.4% per year).

In value terms, Russia ($X) constituted the largest supplier of veneer sheets to Turkey, comprising 35% of total imports. The second position in the ranking was held by Ukraine ($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 totaled +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+13.6% per year) and China (-0.1% per year).

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, jumping by 33% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per cubic meter), while the price for Bulgaria ($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 Brazil (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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