Turkey: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Turkey

The Turkish wood-based panels market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wood-Based Panels Production in Turkey

In value terms, wood-based panels production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wood-Based Panels Exports

Exports from Turkey

In 2022, after six years of growth, there was decline in overseas shipments of wood-based panels, when their volume decreased by X% to X cubic meters. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X cubic meters in 2021, and then contracted modestly in the following year.

In value terms, wood-based panels exports surged to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Iraq (X cubic meters), Georgia (X cubic meters) and Bulgaria (X cubic meters) were the main destinations of wood-based panels exports from Turkey, with a combined X% share of total exports. Libya, Tunisia, Algeria, Morocco, Egypt, Albania, Lebanon, Montenegro, Italy and Serbia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for wood-based panels exported from Turkey were Iraq ($X), Georgia ($X) and Morocco ($X), with a combined X% share of total exports. Tunisia, Bulgaria, Libya, Egypt, Algeria, Italy, Albania, Serbia, Lebanon and Montenegro lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Tunisia, with a CAGR of X%, recorded 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 wood-based panels export price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a slight reduction. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Italy ($X per cubic meter), while the average price for exports to Albania ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Turkey

In 2022, wood-based panels imports into Turkey skyrocketed to X cubic meters, with an increase of X% against the year before. Overall, imports, however, recorded a deep contraction. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt decrease. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest wood-based panels supplier to Turkey, accounting for a X% share of total imports. Moreover, wood-based panels imports from Russia exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), fivefold. Iran (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Iran (X% per year).

In value terms, Russia ($X) constituted the largest supplier of wood-based panels to Turkey, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% 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 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 Italy ($X per cubic meter), while the price for Iran ($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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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