Turkey: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Turkey

The Turkish market for wood residues, pellets and other agglomerates surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in Turkey

In value terms, production of wood residues, pellets and other agglomerates reached $X in 2022 estimated in export price. Over the period under review, production enjoyed a measured increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Turkey

Exports of wood residues, pellets and other agglomerates from Turkey contracted notably to X cubic meters in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of reached the peak figure at X cubic meters in 2021, and then shrank dramatically in the following year.

In value terms, exports of wood residues, pellets and other agglomerates reached $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Turkey, with a X% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Bulgaria exceeded the volume sent to the second major destination, Italy (X cubic meters), threefold. The third position in this ranking was held by North Macedonia (X cubic meters), with a X% share.

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

In value terms, the largest markets for wood residues, pellets and other agglomerates exported from Turkey were Bulgaria ($X), Italy ($X) and France ($X), with a combined X% share of total exports. North Macedonia, Belgium, Slovenia, Greece, Denmark and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, rising by X% against the previous year. Overall, the export price, however, continues to indicate a deep setback. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Turkey

In 2022, after six years of decline, there was significant growth in supplies from abroad of wood residues, pellets and other agglomerates, when their volume increased by X% to X cubic meters. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X cubic meters) was the main wood residues, pellets and other agglomerates supplier to Turkey, with a X% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X cubic meters), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to X%.

In value terms, Russia ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Turkey, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X%.

Import Prices by Country

The average import price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2022, dropping by X% against the previous year. In general, the import price, however, showed a notable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per cubic meter), while the price for Belarus totaled $X per cubic meter.

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

Source: IndexBox Platform

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