Turkey: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Turkey

In 2022, the Turkish wooden furniture treatments market decreased by X% to $X, falling for the third year in a row after four years of growth. In general, consumption enjoyed a pronounced expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Turkey

In value terms, wooden furniture treatments production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Turkey

In 2022, shipments abroad of polishes and creams for wooden furniture and floors increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden furniture treatments exports skyrocketed to $X in 2022. In general, exports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for wooden furniture treatments exports from Turkey, accounting for a X% share of total exports. Moreover, wooden furniture treatments exports to Russia exceeded the volume sent to the second major destination, Israel (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the United States (X% per year).

In value terms, Russia ($X), the United States ($X) and Iran ($X) appeared to be the largest markets for wooden furniture treatments exported from Turkey worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 wooden furniture treatments export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a perceptible downturn. The export price peaked at $X per ton 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 Iran ($X per ton), while the average price for exports to Serbia ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Turkey

Wooden furniture treatments imports into Turkey soared to X tons in 2022, picking up by X% compared with the year before. Over the period under review, imports, however, continue to indicate a noticeable slump. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports surged to $X in 2022. Overall, imports enjoyed perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of wooden furniture treatments to Turkey, accounting for a X% share of total imports. Moreover, wooden furniture treatments imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Turkey, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :