Turkey: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Turkey

In 2020, after eight years of growth, there was significant decline in the Turkish wood fuel (non-coniferous) market, when its value decreased by -X% to $X. In general, the total consumption indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2019, and then contracted notably in the following year.

Wood Fuel (Non-Coniferous) Production in Turkey

In value terms, wood fuel (non-coniferous) production reduced sharply to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Wood fuel (non-coniferous) production peaked at $X in 2019, and then fell notably in the following year.

Wood Fuel (Non-Coniferous) Exports

Exports from Turkey

In 2020, the amount of wood fuel (non-coniferous) exported from Turkey declined to X cubic meters, shrinking by -X% on 2019. Over the period under review, exports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of X cubic meters. from 2015 to 2020, the growth exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports contracted rapidly to $X in 2020. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

Iraq (X cubic meters), Greece (X cubic meters) and North Macedonia (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Turkey, together accounting for X% of total exports. Azerbaijan, Egypt, Saudi Arabia, Belgium, Serbia, Morocco, Turkmenistan, Bulgaria, Libya and Albania lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood fuel (non-coniferous) exported from Turkey were Saudi Arabia ($X), Iraq ($X) and Turkmenistan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Saudi Arabia recorded the highest rates of growth with regard to 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

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, falling by -X% against the previous year. In general, export price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Turkmenistan ($X per cubic meter), while the average price for exports to North Macedonia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Turkey

In 2020, supplies from abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the sixth year in a row after two years of growth. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, wood fuel (non-coniferous) imports reduced rapidly to $X in 2020. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the Netherlands (X cubic meters) constituted the largest wood fuel (non-coniferous) supplier to Turkey, with a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), threefold. The third position in this ranking was occupied by China (X cubic meters), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and China (-X% per year).

In value terms, the Netherlands ($X), Italy ($X) and China ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to Turkey, with a combined X% share of total imports. France, the U.S., Croatia, Malaysia, Belgium, Ukraine, Indonesia, Brazil, Azerbaijan and Russia lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of 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 wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, surging by X% against the previous year. Overall, import price indicated a prominent expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per cubic meter; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform