Turkey: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Turkey

In 2022, the Turkish wood chips and particles market increased by 11% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Wood Chips And Particles in Turkey

In value terms, wood chips and particles production declined significantly to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 264%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Turkey

In 2022, the amount of wood chips and particles exported from Turkey soared to X cubic meters, jumping by 44% compared with 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 3,156% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 9,004%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Iraq (X cubic meters), Azerbaijan (X cubic meters) and Georgia (X cubic meters) were the main destinations of wood chips and particles exports from Turkey, together comprising 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +260.6%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Azerbaijan ($X) and Syrian Arab Republic ($X) constituted the largest markets for wood chips and particles exported from Turkey worldwide, together accounting for 21% of total exports. Georgia and the Netherlands lagged somewhat behind, together accounting for a further 2.1%.

In terms of the main countries of destination, Georgia, with a CAGR of +192.3%, 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 chips and particles export price stood at $X per cubic meter in 2022, jumping by 124% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 452%. As a result, the export price reached the peak level of $X per cubic meter. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per cubic meter), while the average price for exports to Iraq ($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 the Netherlands (+314.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips And Particles

Imports into Turkey

In 2022, after three years of decline, there was significant growth in overseas purchases of wood chips and particles, when their volume increased by 71% to X cubic meters. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports attained the maximum at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of wood chips and particles to Turkey, accounting for a 75% share of total imports. Moreover, wood chips and particles imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), fivefold. The third position in this ranking was held by Latvia (X cubic meters), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-17.1% per year) and Latvia (-2.8% per year).

In value terms, the United States ($X) constituted the largest supplier of wood chips and particles to Turkey, comprising 67% of total imports. The second position in the ranking was held by Canada ($X), with a 24% share of total imports. It was followed by Latvia, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-12.7% per year) and Latvia (-9.8% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, shrinking by -24% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood chips and particles import price increased by +27.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68%. As a result, import price attained the peak level of $X per cubic meter, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for Latvia ($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 Canada (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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