Turkey - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

Turkey: Wood Pellets Market Overview 2020

Wood Pellets Market Size in Turkey

The revenue of the wood pellets market in Turkey amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, wood pellets consumption continues to indicate a pronounced descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the wood pellets market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wood Pellets Production in Turkey

In value terms, wood pellets production totaled $X in 2018 estimated in export prices. In general, wood pellets production continues to indicate a noticeable drop. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Wood pellets production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Wood Pellets Exports

Exports from Turkey

In 2018, the amount of wood pellets exported from Turkey totaled X tonnes, rising by X% against the previous year. Over the period under review, wood pellets exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, wood pellets exports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, wood pellets exports stood at $X in 2018. Over the period under review, wood pellets exports continue to indicate a relatively flat trend pattern. Over the period under review, wood pellets exports attained their maximum at $X in 2007; afterwards, it flattened through to 2018.

Exports by Country

The U.S. (X kg) was the main destination for wood pellets exports from Turkey, accounting for a X% share of total exports. Moreover, wood pellets exports to the U.S. exceeded the volume sent to the second major destination, Canada (X kg), twofold. Viet Nam (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Viet Nam (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for wood pellets exports from Turkey, comprising X% of total wood pellets exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Latvia (+X% per year).

Export Prices by Country

In 2018, the average wood pellets export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the wood pellets export price continues to indicate a precipitous reduction. The growth pace was the most rapid in 2018 when the average export price decreased by -X% y-o-y. Over the period under review, the average export prices for wood pellets reached their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Wood Pellets Imports

Imports into Turkey

In 2018, approx. X kg of wood pellets were imported into Turkey; coming down by -X% against the previous year. Over the period under review, wood pellets imports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. In that year, wood pellets imports reached their peak of X kg. From 2017 to 2018, the growth of wood pellets imports remained at a somewhat lower figure.

In value terms, wood pellets imports totaled $X in 2018. In general, wood pellets imports continue to indicate a drastic drop. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the UK (X kg) constituted the largest wood pellets supplier to Turkey, accounting for a X% share of total imports. Moreover, wood pellets imports from the UK exceeded the figures recorded by the second-largest supplier, South Korea (X kg), twofold. Denmark (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Denmark (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of wood pellets to Turkey, comprising X% of total wood pellets imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Denmark (-X% per year).

Import Prices by Country

The average wood pellets import price stood at $X per tonne in 2018, flattening at the previous year. Overall, the wood pellets import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. In that year, the average import prices for wood pellets attained their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average import prices for wood pellets failed to regain its momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Italy ($X per tonne) and Germany ($X per tonne), while the price for South Korea ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform