Turkey - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Turkey - 2023
Contents:
- MDF Price in Turkey (FOB) - 2023
- MDF Price in Turkey (CIF) - 2022
- MDF Exports in Turkey
- MDF Imports in Turkey
MDF Price in Turkey (FOB) - 2023
In July 2023, the average MDF export price amounted to $530 per cubic meter, growing by 2.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 7.2% against the previous month. Over the period under review, the average export prices hit record highs at $571 per cubic meter in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($776 per cubic meter), while the average price for exports to Iran ($360 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 Serbia (-0.4%), while the prices for the other major destinations experienced a decline.
MDF Price in Turkey (CIF) - 2022
The average MDF import price stood at $396 per cubic meter in 2022, waning by -26.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $541 per cubic meter in 2021, and then contracted notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,025 per cubic meter), while the price for Iran ($317 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Exports in Turkey
After three years of growth, shipments abroad of MDF decreased by -3.7% to 987K cubic meters in 2022. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21%. The exports peaked at 1M cubic meters in 2021, and then dropped modestly in the following year.
In value terms, MDF exports rose markedly to $525M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of MDF in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 57.6 | 57.1 | 75.0 | 85.1 | 13.9% |
| Morocco | 10.2 | 17.2 | 38.0 | 55.1 | 75.5% |
| Tunisia | 24.6 | 22.4 | 25.5 | 36.8 | 14.4% |
| Canada | 10.3 | 15.6 | 34.8 | 35.5 | 51.1% |
| Iran | 32.1 | 27.8 | 22.7 | 22.8 | -10.8% |
| Egypt | 12.5 | 28.4 | 33.4 | 22.6 | 21.8% |
| Algeria | 11.8 | 14.5 | 15.3 | 19.1 | 17.4% |
| Libya | 10.9 | 6.6 | 13.9 | 17.7 | 17.5% |
| United States | 2.7 | 3.6 | 6.8 | 14.2 | 73.9% |
| Georgia | 9.0 | 8.7 | 12.0 | 14.1 | 16.1% |
| Italy | 3.3 | 1.3 | 0.3 | 12.1 | 54.2% |
| Syrian Arab Republic | N/A | N/A | N/A | 11.0 | 0% |
| Albania | 6.4 | 6.8 | 6.9 | 9.3 | 13.3% |
| Others | 91.8 | 121 | 180 | 169 | 22.6% |
| Total | 283 | 331 | 465 | 525 | 22.9% |
Top Export Markets for MDF from Turkey in 2022:
- Iraq (183.0K cubic meters)
- Morocco (112.6K cubic meters)
- Tunisia (78.4K cubic meters)
- Iran (57.8K cubic meters)
- Canada (46.3K cubic meters)
- Egypt (37.9K cubic meters)
- Algeria (35.3K cubic meters)
- Libya (35.1K cubic meters)
- Italy (29.4K cubic meters)
- Georgia (25.1K cubic meters)
- Syrian Arab Republic (24.4K cubic meters)
- Albania (23.9K cubic meters)
- United States (23.2K cubic meters)
MDF Imports in Turkey
MDF imports into Turkey skyrocketed to 147K cubic meters in 2022, picking up by 466% on the previous year. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, MDF imports skyrocketed to $58M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of MDF in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.3 | 0.5 | 0.4 | 32.8 | 378.2% |
| Iran | 0.1 | N/A | N/A | 11.4 | 384.9% |
| Romania | 1.4 | 6.7 | 2.7 | 3.0 | 28.9% |
| Germany | 2.1 | 2.1 | 2.7 | 1.8 | -5.0% |
| Slovenia | 1.0 | 0.7 | 1.0 | 1.6 | 17.0% |
| Others | 4.5 | 5.2 | 7.2 | 7.5 | 18.6% |
| Total | 9.4 | 15.2 | 14.1 | 58.2 | 83.6% |
Top Suppliers of MDF to Turkey in 2022:
- Russia (90.4K cubic meters)
- Iran (36.1K cubic meters)
- Romania (6.1K cubic meters)
- Slovenia (2.7K cubic meters)
- Germany (2.1K cubic meters)
This report provides an in-depth analysis of the mdf 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 1648 - MDF/HDF
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
-
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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