Turkey: Veneer Sheet Market 2024

Veneer Sheet Market Size in Turkey

In 2023, the Turkish veneer sheet market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a resilient expansion. Veneer sheet consumption peaked in 2023 and is likely to continue growth in the immediate term.

Veneer Sheet Production in Turkey

In value terms, veneer sheet production contracted to $X in 2023 estimated in export price. In general, production, however, enjoyed a slight increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Veneer Sheet Exports

Exports from Turkey

In 2023, after nine years of growth, there was significant decline in overseas shipments of veneer sheets and sheets for plywood and other wood sawn lengthwise, when their volume decreased by X% to X square meters. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X square meters in 2022, and then reduced rapidly in the following year.

In value terms, veneer sheet exports declined notably to $X in 2023. In general, exports, however, posted a perceptible increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Egypt stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Italy (X% per year).

In value terms, Italy ($X), Egypt ($X) and Iran ($X) appeared to be the largest markets for veneer sheet exported from Turkey worldwide, together comprising X% of total exports. Spain, the United Arab Emirates, Portugal, Morocco, France, Lebanon, Uzbekistan, Greece and Lithuania lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2023, 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 Lithuania ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Turkey

In 2023, 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 fourth consecutive year after two years of decline. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheet imports soared to $X in 2023. In general, imports showed a prominent increase. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Russia (X square meters) constituted the largest veneer sheet supplier 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), tenfold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Russia totaled 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 ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Turkey, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2023, dropping by X% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, 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 2023, 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