Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey - 2024
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey (FOB) - 2022
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey (CIF) - 2022
- Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey (FOB) - 2022
The average export price for medium density fibreboard (MDF) of thickness under 5 mm stood at $569 per ton in 2022, picking up by 25% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $634 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($535,705 per ton), while the average price for exports to Albania ($335,899 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 Serbia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey (CIF) - 2022
In 2022, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $622 per ton, with a decrease of -18.2% against the previous year. Overall, the import price saw a slight decrease. The pace of growth was the most pronounced in 2016 an increase of 41% against the previous year. The import price peaked at $759 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1,004,426 per ton), while the price for Iran ($133,747 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey
In 2022, the amount of medium density fibreboard (MDF) of thickness under 5 mm exported from Turkey reduced to 40K tons, dropping by -12.6% on 2021. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of 46K tons, and then dropped in the following year.
In value terms, exports of medium density fibreboard (MDF) of thickness under 5 mm expanded notably to $23M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
Export of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Morocco | 442 | 871 | 7,360 | 979 | 30.4% |
Tunisia | 2,131 | 1,372 | 3,628 | 512 | -37.8% |
Peru | 1,561 | 2,178 | 6,380 | 436 | -34.6% |
Iraq | 1,044 | 1,417 | 1,237 | 289 | -34.8% |
Georgia | 240 | 330 | 476 | 144 | -15.7% |
Italy | 8.2 | 25.7 | 151 | 141 | 158.1% |
Albania | 584 | 801 | 269 | 134 | -38.8% |
Greece | 71.3 | 78.6 | 106 | 116 | 17.6% |
Montenegro | 299 | 123 | 93.7 | 95.2 | -31.7% |
North Macedonia | 242 | 220 | 607 | 72.5 | -33.1% |
Colombia | 53.2 | 79.8 | 171 | 71.4 | 10.3% |
Bulgaria | 352 | 418 | 289 | 56.1 | -45.8% |
Serbia | 223 | 69.3 | 377 | 53.6 | -37.8% |
Others | 8,146 | 5,632 | -164.3 | 19,752 | 34.3% |
Total | 15,395 | 13,615 | 20,980 | 22,853 | 14.1% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm from Turkey in 2022:
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Turkey
Imports of medium density fibreboard (MDF) of thickness under 5 mm into Turkey skyrocketed to 7.4K tons in 2022, rising by 79% on the previous year's figure. Over the period under review, imports recorded 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 medium density fibreboard (MDF) of thickness under 5 mm soared to $4.6M in 2022. Overall, imports recorded a significant expansion. 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 Under 5 Mm in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovenia | 1,031 | 735 | 1,549 | 1,025 | -0.2% |
Germany | 259 | 789 | 2,180 | 624 | 34.1% |
Iran | N/A | N/A | 0.8 | 360 | 44900.0% |
China | 324 | 201 | 481 | 319 | -0.5% |
Algeria | N/A | N/A | N/A | 216 | 0% |
Hungary | N/A | N/A | 110 | 199 | 80.9% |
Ukraine | 10.1 | 97.6 | 40.9 | N/A | 101.2% |
Others | 243 | 382 | -1,237.5 | 1,833 | 96.1% |
Total | 1,867 | 2,205 | 3,125 | 4,576 | 34.8% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Turkey in 2022:
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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.
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 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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