Turkey: Market for Wood Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Residues, Pellets And Other Agglomerates in Turkey

The Turkish market for wood residues, pellets and other agglomerates dropped sharply to $X in 2021, reducing by -97.2% against the previous year. In general, consumption saw a significant decrease. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Turkey

In value terms, production of wood residues, pellets and other agglomerates shrank modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 310% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Turkey

In 2021, exports of wood residues, pellets and other agglomerates from Turkey skyrocketed to X cubic meters, picking up by 74% on the previous year. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 880%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of wood residues, pellets and other agglomerates soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 773%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Bulgaria (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Turkey, with a 54% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X cubic meters), fourfold. The third position in this ranking was taken by Syrian Arab Republic (X cubic meters), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +246.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+432.4% per year) and Syrian Arab Republic (+261.2% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from Turkey, comprising 57% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an 18% share of total exports. It was followed by Cyprus, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +187.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+512.9% per year) and Cyprus (+74.3% per year).

Export Prices by Country

In 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, standing approx. at the previous year. Overall, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 2.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($X per cubic meter), while the average price for exports to Syrian Arab Republic (less than $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 North Macedonia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Turkey

In 2021, the amount of wood residues, pellets and other agglomerates imported into Turkey reduced modestly to X cubic meters, approximately mirroring the previous year's figure. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2013 when imports increased by 60% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of wood residues, pellets and other agglomerates fell sharply to $X in 2021. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 186% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X cubic meters) constituted the largest wood residues, pellets and other agglomerates supplier to Turkey, accounting for a 57% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), threefold. The third position in this ranking was taken by Italy (X cubic meters), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.6% per year) and Italy (+4.2% per year).

In value terms, Germany ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Turkey, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.9% per year) and the United States (-16.1% per year).

Import Prices by Country

In 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, which is down by -42.3% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 695% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Japan (less than $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 Japan (+54.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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