Turkey: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Turkey

The Turkish preservative-treated rough wood market shrank dramatically to $X in 2021, waning by -33.6% against the previous year. Overall, consumption continues to indicate a abrupt slump. Preservative-treated rough wood consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Preservative-Treated Rough Wood Production in Turkey

In value terms, preservative-treated rough wood production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by 70%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Preservative-Treated Rough Wood Exports

Exports from Turkey

Preservative-treated rough wood exports from Turkey skyrocketed to X cubic meters in 2021, picking up by 56% against the year before. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 181%. Over the period under review, the exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preservative-treated rough wood exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 125%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Georgia (X cubic meters) was the main destination for preservative-treated rough wood exports from Turkey, with a 82% share of total exports. Moreover, preservative-treated rough wood exports to Georgia exceeded the volume sent to the second major destination, Ghana (X cubic meters), more than tenfold. Senegal (X cubic meters) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Senegal (+229.9% per year).

In value terms, Georgia ($X) remains the key foreign market for preservative-treated rough wood exports from Turkey, comprising 59% of total exports. The second position in the ranking was taken by Ghana ($X), with a 12% share of total exports. It was followed by Senegal, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Senegal (+270.7% per year).

Export Prices by Country

The average preservative-treated rough wood export price stood at $X per cubic meter in 2021, growing by 26% against the previous year. In general, the export price, however, recorded a abrupt decrease. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+12.2%), while the prices for the other major destinations experienced a decline.

Preservative-Treated Rough Wood Imports

Imports into Turkey

In 2021, purchases abroad of preservative-treated rough wood increased by 15% to X cubic meters for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, preservative-treated rough wood imports soared to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 74%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X cubic meters), Croatia (X cubic meters) and Serbia (X cubic meters) were the main suppliers of preservative-treated rough wood imports to Turkey, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +67.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of preservative-treated rough wood to Turkey, comprising 57% of total imports. The second position in the ranking was taken by Croatia ($X), with a 21% share of total imports. It was followed by Serbia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+39.8% per year) and Serbia (+73.1% per year).

Import Prices by Country

The average preservative-treated rough wood import price stood at $X per cubic meter in 2021, with an increase of 35% against the previous year. Overall, the import price showed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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