Turkey - Hardboard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHardboard Price in Turkey - 2023
Contents:
- Hardboard Price in Turkey (FOB) - 2023
- Hardboard Price in Turkey (CIF) - 2023
- Hardboard Exports in Turkey
- Hardboard Imports in Turkey
Hardboard Price in Turkey (FOB) - 2023
In July 2023, the average hardboard export price amounted to $643 per cubic meter, approximately reflecting the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 5.3% m-o-m. The export price peaked at $685 per cubic meter in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($744 per cubic meter), while the average price for exports to Libya ($478 per cubic meter) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Hardboard Price in Turkey (CIF) - 2023
The average hardboard import price stood at $355 per cubic meter in July 2023, reducing by -22.1% against the previous month. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in October 2022 an increase of 35% month-to-month. Over the period under review, average import prices hit record highs at $800 per cubic meter in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($1,528 per cubic meter), while the price for Russia ($318 per cubic meter) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Hardboard Exports in Turkey
In 2022, after three years of growth, there was decline in shipments abroad of hardboard, when their volume decreased by -3.3% to 336K cubic meters. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. The exports peaked at 348K cubic meters in 2021, and then fell slightly in the following year.
In value terms, hardboard exports rose to $201M in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Hardboard in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 4.8 | 6.0 | 8.8 | 19.2 | 58.7% |
Bulgaria | 4.8 | 5.0 | 10.8 | 15.6 | 48.1% |
Canada | 6.3 | 20.4 | 21.5 | 12.9 | 27.0% |
United States | 0.6 | 7.9 | 9.7 | 12.4 | 174.4% |
Georgia | 5.2 | 5.5 | 8.4 | 10.6 | 26.8% |
Russia | 0.6 | 2.2 | 9.0 | 10.0 | 155.4% |
Serbia | 1.2 | 3.3 | 6.4 | 9.4 | 98.6% |
Ukraine | 2.6 | 4.7 | 12.9 | 7.9 | 44.8% |
Turkmenistan | 1.7 | 3.3 | 6.4 | 7.8 | 66.2% |
Iraq | 4.0 | 3.4 | 6.1 | 7.2 | 21.6% |
Spain | 1.0 | 1.9 | 4.3 | 6.1 | 82.7% |
Egypt | 2.1 | 3.4 | 6.7 | 6.0 | 41.9% |
Libya | 2.2 | 2.1 | 5.8 | 5.4 | 34.9% |
Others | 25.6 | 43.3 | 79.5 | 70.4 | 40.1% |
Total | 62.6 | 112 | 196 | 201 | 47.5% |
Top Export Markets for Hardboard from Turkey in 2022:
- Romania (34.3K cubic meters)
- Bulgaria (28.0K cubic meters)
- Canada (23.2K cubic meters)
- Georgia (18.5K cubic meters)
- Serbia (16.7K cubic meters)
- United States (14.4K cubic meters)
- Russia (14.1K cubic meters)
- Turkmenistan (13.1K cubic meters)
- Ukraine (12.5K cubic meters)
- Iraq (11.7K cubic meters)
- Egypt (10.8K cubic meters)
- Libya (10.1K cubic meters)
- Spain (10.1K cubic meters)
Hardboard Imports in Turkey
In 2022, the amount of hardboard imported into Turkey surged to 31K cubic meters, with an increase of 60% against 2021. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 126% against the previous year. As a result, imports attained the peak of 54K cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hardboard imports surged to $18M in 2022. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 84%. As a result, imports reached the peak of $23M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Hardboard in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | 7.9 | 1.0 | 6.9 | -6.5% |
Romania | 5.7 | 8.5 | 5.7 | 3.7 | -13.4% |
Germany | 1.5 | 1.0 | 1.1 | 2.2 | 13.6% |
China | 2.0 | 1.3 | 1.1 | 1.8 | -3.5% |
Bulgaria | 0.6 | 0.5 | 1.1 | 0.9 | 14.5% |
Iran | N/A | N/A | N/A | 0.6 | 0% |
Luxembourg | 0.9 | 0.6 | 1.1 | 0.5 | -17.8% |
Serbia | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
France | 0.6 | 0.4 | N/A | N/A | -33.3% |
Others | 0.8 | 2.2 | 0.9 | 1.3 | 17.6% |
Total | 12.5 | 22.9 | 12.5 | 18.4 | 13.8% |
Top Suppliers of Hardboard to Turkey in 2022:
- France (undefinedK cubic meters)
- Russia (15.1K cubic meters)
- Romania (6.2K cubic meters)
- Germany (2.3K cubic meters)
- China (1.9K cubic meters)
- Bulgaria (1.9K cubic meters)
- Iran (1.2K cubic meters)
- Serbia (0.6K cubic meters)
- Luxembourg (0.5K cubic meters)
This report provides an in-depth analysis of the hardboard market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1647 - Hardboard
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The Hardboard exports reached a peak of 348K cubic meters in 2022, but experienced a sharp decline the following year. In terms of value, Hardboard exports notably decreased to $184M in 2023.
In March 2023, the price of Hardboard was $647 per cubic meter (FOB, Turkey), showing a decrease of -1.7% compared to the previous month.
In September 2022, the insulating board price stood at $389 per cubic meter (FOB, Turkey), with an increase of 7.4% against the previous month.
In May 2020, the MDF production began to grow rapidly and exceeded its pre-crisis level in July 2020. This was also relevant for the manufacture of furniture, which is the key downstream industry for the MDF market. If the country will return to pandemic-free life in 2021, Turkey's real GDP is projected to grow by about 3% per annum in the medium term, which is to create a positive background for future MDF growth. Increasing exports to countries with rising demand for MDF, e.g., the U.S., may potentially become an additional driver for the Turkish MDF industry.
In January 2023, the wire and cable price stood at $6,991 per ton (FOB, Turkey), surging by 5.3% against the previous month.
Global hardboard exports increased by +1.1% y-o-y to 3.6M cubic meters last year. Germany heads the list of the largest hardboard exporters worldwide, supplying 45% of its export volume to the U.S., France and Poland. In 2020, Brazil, Thailand, Romania, Turkey, Spain, Belgium and Canada recorded the most prominent export growth.
Global hardboard production continues to indicate a measured setback.
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