Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (FOB) - 2022
- Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (CIF) - 2022
- Exports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey
- Imports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey
Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (FOB) - 2022
The average export price for medium density fibreboard (MDF) of thickness from 5 to 9 mm stood at $544 per ton in 2022, increasing by 9.6% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The export price peaked at $769 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($626,173 per ton), while the average price for exports to Algeria ($306,703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (CIF) - 2022
The average import price for medium density fibreboard (MDF) of thickness from 5 to 9 mm stood at $488 per ton in 2022, reducing by -23.4% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $739 per ton in 2014; however, from 2015 to 2022, 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 Austria ($1,375,220 per ton), while the price for Russia ($461,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey
Exports of medium density fibreboard (MDF) of thickness from 5 to 9 mm from Turkey amounted to 59K tons in 2022, picking up by 9% on the year before. Overall, exports, however, showed a relatively flat trend pattern.
In value terms, exports of medium density fibreboard (MDF) of thickness from 5 to 9 mm soared to $32M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Algeria | 0.3 | 0.1 | 0.5 | 2.9 | 113.0% |
Morocco | 0.3 | 1.0 | 4.3 | 2.0 | 88.2% |
Iraq | 5.2 | 5.2 | 10.7 | 1.9 | -28.5% |
Germany | 0.2 | 0.2 | 5.7 | 1.8 | 108.0% |
Tunisia | 2.0 | 1.4 | 1.3 | 1.3 | -13.4% |
Syrian Arab Republic | 2.3 | 0.1 | 0.6 | 1.1 | -21.8% |
Azerbaijan | 1.3 | 2.6 | 2.7 | 1.0 | -8.4% |
Albania | 0.6 | 1.0 | 2.0 | 1.0 | 18.6% |
Libya | 0.9 | 0.7 | 1.2 | 0.8 | -3.9% |
Bulgaria | 0.9 | 0.8 | 0.8 | 0.8 | -3.9% |
Georgia | 1.5 | 1.5 | 2.4 | 0.7 | -22.4% |
Egypt | 1.7 | 2.0 | 2.3 | 0.7 | -25.6% |
Italy | N/A | N/A | 0.2 | 0.6 | 200.0% |
Others | 11.3 | 12.0 | -7.9 | 15.5 | 11.1% |
Total | 28.5 | 28.7 | 26.9 | 32.1 | 4.0% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm from Turkey in 2022:
Imports of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey
In 2022, imports of medium density fibreboard (mdf) of thickness from 5 to 9 mm into Turkey surged to 25K tons, with an increase of 399% compared with 2021 figures. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of medium density fibreboard (MDF) of thickness from 5 to 9 mm surged to $12M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 37.8 | 15.5 | 87.5 | 1,954 | 272.5% |
Iran | N/A | N/A | N/A | 663 | 0% |
Belgium | 417 | 759 | 768 | 237 | -17.2% |
Germany | 1,288 | 996 | 1,121 | 147 | -51.5% |
Switzerland | 541 | 44.4 | 127 | 55.6 | -53.2% |
Ukraine | 10.1 | N/A | 519 | 14.0 | 11.5% |
Romania | 65.1 | 3,517 | 630 | 5.6 | -55.9% |
Others | 668 | 454 | -95.9 | 8,985 | 137.8% |
Total | 3,028 | 5,787 | 3,155 | 12,062 | 58.5% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness from 5 To 9 Mm to Turkey in 2022:
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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.
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