Turkey - Fiber Board Of Wood Or Other Ligneous Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFiberboard Price in Turkey - 2023
Contents:
- Fiberboard Price in Turkey (FOB) - 2023
- Fiberboard Price in Turkey (CIF) - 2023
- Fiberboard Exports in Turkey
- Fiberboard Imports in Turkey
Fiberboard Price in Turkey (FOB) - 2023
In September 2023, the average fiberboard export price amounted to $103 per cubic meter, declining by -5% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 8.3% month-to-month. As a result, the export price attained the peak level of $118 per cubic meter. From March 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Russia ($157 per cubic meter), while the average price for exports to Tunisia ($73.3 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Fiberboard Price in Turkey (CIF) - 2023
In September 2023, the average fiberboard import price amounted to $127 per cubic meter, surging by 15% against the previous month. In general, import price indicated noticeable growth from September 2022 to September 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, fiberboard import price increased by +69.5% against July 2023 indices. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 48% against the previous month. Over the period under review, average import prices attained the peak figure at $128 per cubic meter in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($242 per cubic meter), while the price for Iran ($20.5 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Fiberboard Exports in Turkey
After three years of growth, overseas shipments of fiber board of wood or other ligneous materials decreased by -6.2% to 7M cubic meters in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +54.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at 7.5M cubic meters in 2021, and then shrank in the following year.
In value terms, fiberboard exports expanded rapidly to $834M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 51%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Fiberboard in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | 66.9 | 66.7 | 92.1 | 101 | 14.7% |
Morocco | 12.0 | 18.6 | 48.3 | 60.5 | 71.5% |
Tunisia | 29.4 | 35.6 | 40.9 | 55.8 | 23.8% |
Canada | 16.7 | 36.2 | 56.5 | 50.3 | 44.4% |
Romania | 15.7 | 18.5 | 24.3 | 39.7 | 36.2% |
Libya | 18.1 | 15.4 | 30.4 | 37.5 | 27.5% |
Egypt | 15.0 | 32.9 | 46.0 | 37.0 | 35.1% |
Georgia | 16.2 | 17.1 | 27.0 | 31.0 | 24.2% |
Russia | 5.1 | 9.5 | 25.1 | 30.5 | 81.5% |
Bulgaria | 11.7 | 12.1 | 20.7 | 29.6 | 36.3% |
Iran | 34.2 | 30.2 | 23.6 | 22.9 | -12.5% |
Algeria | 13.6 | 16.4 | 18.9 | 22.7 | 18.6% |
Serbia | 5.1 | 8.2 | 13.4 | 21.8 | 62.3% |
Others | 118 | 172 | 271 | 294 | 35.6% |
Total | 377 | 489 | 738 | 834 | 30.3% |
Top Export Markets for Fiberboard from Turkey in 2022:
- Iraq (952.8K cubic meters)
- Tunisia (553.4K cubic meters)
- Morocco (548.6K cubic meters)
- Libya (358.1K cubic meters)
- Canada (333.4K cubic meters)
- Romania (302.8K cubic meters)
- Egypt (297.2K cubic meters)
- Iran (259.1K cubic meters)
- Georgia (251.2K cubic meters)
- Bulgaria (247.9K cubic meters)
- Algeria (230.3K cubic meters)
- Serbia (188.2K cubic meters)
- Russia (183.7K cubic meters)
Fiberboard Imports in Turkey
In 2022, the amount of fiber board of wood or other ligneous materials imported into Turkey skyrocketed to 834K cubic meters, increasing by 284% against the previous year. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fiberboard imports skyrocketed to $77M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fiberboard in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 0.3 | 8.4 | 1.4 | 39.7 | 409.6% |
Iran | 0.1 | N/A | N/A | 12.1 | 394.6% |
Romania | 7.1 | 15.1 | 8.3 | 6.8 | -1.4% |
Germany | 3.6 | 3.1 | 3.8 | 4.2 | 5.3% |
China | 2.5 | 2.2 | 1.7 | 2.6 | 1.3% |
Slovenia | 1.0 | 0.7 | 1.0 | 1.6 | 17.0% |
Bulgaria | 0.7 | 0.6 | 2.1 | 1.0 | 12.6% |
Others | 6.8 | 8.3 | 8.3 | 9.0 | 9.8% |
Total | 22.1 | 38.4 | 26.7 | 77.0 | 51.6% |
Top Suppliers of Fiberboard to Turkey in 2022:
- Russia (484.0K cubic meters)
- Iran (180.2K cubic meters)
- Romania (60.2K cubic meters)
- Germany (21.3K cubic meters)
- China (13.8K cubic meters)
- Slovenia (12.1K cubic meters)
- Bulgaria (10.2K cubic meters)
This report provides an in-depth analysis of the fiberboard 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:
- Prodcom 16211423 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness not exceeding 5 mm
- Prodcom 16211426 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 5 mm but not exceeding 9 mm
- Prodcom 16211429 - Medium density fibreboard (MDF), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a thickness exceeding 9 mm
- Prodcom 16211443 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,8 g/cm.
- Prodcom 16211446 - Fibreboard (excluding medium density fibreboard [MDF]), of wood or other ligneous materials, whether or not bonded with resins or other organic substances, of a density exceeding 0,5 g/cm. but not exceeding 0,8 g/cm.
- Prodcom 16211449 - Fibreboard of wood or other ligneous materials (excluding medium density fibreboard [MDF]), whether or not bonded with resins or other organic substances, of a density not exceeding 0,5 g/cm.
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.
Explore the top import markets for fiberboard based on the Import Value of Fiberboard data from the IndexBox market intelligence platform. Read on to learn about the key statistics and trends in these markets.
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