
Turkey - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Turkey: Wood Pellets Market 2023
Wood Pellets Market Size in Turkey
In 2021, after two years of decline, there was significant growth in the Turkish wood pellets market, when its value increased by 7.3% to $X. In general, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.
Wood Pellets Production in Turkey
In value terms, wood pellets production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 442% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.
Wood Pellets Exports
Exports from Turkey
In 2021, exports of wood pellets from Turkey soared to X tons, increasing by 95% against the previous year. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 628,559%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.
In value terms, wood pellets exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 124,813% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.
Exports by Country
Bulgaria (X tons) was the main destination for wood pellets exports from Turkey, with a 67% share of total exports. Moreover, wood pellets exports to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 5.4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria amounted to +230.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+431.7% per year) and Italy (+154.6% per year).
In value terms, Bulgaria ($X) emerged as the key foreign market for wood pellets exports from Turkey, comprising 64% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 21% share of total exports. It was followed by Italy, with a 5.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria stood at +186.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+511.3% per year) and Italy (+108.1% per year).
Export Prices by Country
In 2021, the average wood pellets export price amounted to $X per ton, surging by 5.7% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were North Macedonia ($X per ton) and Greece ($X per ton), while the average price for exports to Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.
Wood Pellets Imports
Imports into Turkey
In 2021, supplies from abroad of wood pellets decreased by -66.2% to X tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by 154%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.
In value terms, wood pellets imports contracted sharply to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 144%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Germany (X tons) constituted the largest supplier of wood pellets to Turkey, accounting for a 84% share of total imports. Moreover, wood pellets imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), sixfold. The third position in this ranking was held by Italy (X kg), with a 1.8% share.
From 2012 to 2021, the average annual growth rate of volume from Germany totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+12.9% per year) and Italy (-24.9% per year).
In value terms, Germany ($X) constituted the largest supplier of wood pellets to Turkey, comprising 91% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 6.5% share of total imports. It was followed by Italy, with a 2% share.
From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+13.9% per year) and Italy (-30.3% per year).
Import Prices by Country
In 2021, the average wood pellets import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price saw a pronounced increase. The pace of growth appeared the most rapid in 2018 an increase of 84% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood pellets market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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