Turkey: Plywood Market 2024

Plywood Market Size in Turkey

The Turkish plywood market surged to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt setback. Plywood consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Plywood Production in Turkey

In value terms, plywood production surged to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level in 2023 and is expected to retain growth in the near future.

Plywood Exports

Exports from Turkey

In 2023, approx. X cubic meters of plywood were exported from Turkey; surging by X% on the year before. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, plywood exports surged to $X in 2023. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X cubic meters), Bulgaria (X cubic meters) and Canada (X cubic meters) were the main destinations of plywood exports from Turkey, together accounting for X% of total exports. Poland, Greece, Spain, Serbia, France, Latvia, Italy, Germany, Lithuania and Portugal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Canada ($X) appeared to be the largest markets for plywood exported from Turkey worldwide, with a combined X% share of total exports. Spain, Greece, Serbia, Poland, Latvia, France, Germany, Italy, Lithuania and Portugal lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2023, the average plywood export price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plywood export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) was amongst the lowest.

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

Plywood Imports

Imports into Turkey

In 2023, imports of plywood into Turkey surged to X cubic meters, with an increase of X% compared with the year before. Over the period under review, imports recorded mild growth. Imports peaked at X cubic meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, plywood imports surged to $X in 2023. Overall, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Latvia (X cubic meters), Malaysia (X cubic meters) and Estonia (X cubic meters) were the main suppliers of plywood imports to Turkey, together comprising X% of total imports. China, Chile, Finland, Georgia, India, Azerbaijan, Myanmar, Ukraine and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Malaysia ($X) and Estonia ($X) constituted the largest plywood suppliers to Turkey, with a combined X% share of total imports. China, Finland, Georgia, Chile, India, Azerbaijan, Myanmar, Ukraine and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Georgia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plywood import price stood at $X per cubic meter in 2023, with a decrease of X% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2023, 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 Finland ($X per cubic meter), while the price for Chile ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform