Turkey: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Turkey

In 2022, after two years of growth, there was decline in the Turkish wood flat pallet market, when its value decreased by X% to $X. Over the period under review, consumption enjoyed buoyant growth. Wood flat pallet consumption peaked at $X in 2021, and then shrank modestly in the following year.

Wood Flat Pallet Production in Turkey

In value terms, wood flat pallet production contracted to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then reduced slightly in the following year.

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Wood Flat Pallet Exports

Exports from Turkey

In 2022, approx. X units of flat pallets and pallet collars of wood were exported from Turkey; jumping by X% on the year before. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, wood flat pallet exports stood at $X in 2022. Over the period under review, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Iraq (X units) and Jordan (X units) were the main destinations of wood flat pallet exports from Turkey, with a combined X% share of total exports. Cyprus, Israel, Bulgaria, Italy, France, Qatar, Iran, Greece and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for flat pallets and pallet collars of wood exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with an X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the average wood flat pallet export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 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 Greece ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced a decline.

Wood Flat Pallet Imports

Imports into Turkey

Wood flat pallet imports into Turkey reduced to X units in 2022, with a decrease of X% on the year before. Overall, imports, however, recorded measured growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wood flat pallet imports contracted slightly to $X in 2022. Over the period under review, imports, however, recorded moderate growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X units), Germany (X units) and Latvia (X units) were the main suppliers of wood flat pallet imports to Turkey, together accounting for X% of total imports. Belarus, Poland, Serbia, Greece, Italy, Romania and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood flat pallet suppliers to Turkey were Sweden ($X), Germany ($X) and Latvia ($X), with a combined X% share of total imports. Poland, Belarus, Serbia, Italy, Greece, Romania and Ukraine lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average wood flat pallet import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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