Turkey: Wood Tool Market 2024

Wood Tool Market Size in Turkey

The Turkish wood tool market stood at $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Tool Production in Turkey

In value terms, wood tool production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Wood Tool Exports

Exports from Turkey

In 2022, approx. X tons of tools of wood were exported from Turkey; with an increase of X% on 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, wood tool exports surged to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Iran (X tons) and Syrian Arab Republic (X tons) were the main destinations of wood tool exports from Turkey, together comprising X% of total exports. Israel, Morocco, Libya, Tunisia, Russia and Azerbaijan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Morocco ($X) and Iran ($X) constituted the largest markets for wood tool exported from Turkey worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 wood tool export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Turkey

In 2022, supplies from abroad of tools of wood increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate mild growth. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wood tool imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest wood tool supplier to Turkey, with a X% share of total imports. Moreover, wood tool imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Poland (X% per year).

In value terms, China ($X) constituted the largest supplier of tools of wood to Turkey, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average wood tool import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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