Turkey: Veneer Sheet Market 2024

Veneer Sheet Market Size in Turkey

The Turkish veneer sheet market dropped to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Veneer Sheet Production in Turkey

In value terms, veneer sheet production shrank dramatically to $X in 2022 estimated in export price. In general, production, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from Turkey

For the ninth consecutive year, Turkey recorded growth in overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise, which increased by X% to X square meters in 2022. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, veneer sheet exports soared to $X in 2022. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X square meters) was the main destination for veneer sheet exports from Turkey, accounting for a X% share of total exports. Moreover, veneer sheet exports to Egypt exceeded the volume sent to the second major destination, Italy (X square meters), eightfold. The third position in this ranking was taken by Iran (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Iran (X% per year).

In value terms, Egypt ($X), Italy ($X) and Spain ($X) constituted the largest markets for veneer sheet exported from Turkey worldwide, with a combined X% share of total exports. Iran, Israel, Portugal, Morocco, the United Arab Emirates, Lebanon, Greece, Romania and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Portugal, with a CAGR of X%, saw 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

In 2022, the average veneer sheet export price amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Turkey

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by X% to X square meters, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, veneer sheet imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X square meters) constituted the largest supplier of veneer sheet to Turkey, with a X% share of total imports. Moreover, veneer sheet imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X square meters), threefold. The third position in this ranking was taken by China (X square meters), with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Turkey, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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