The industrial roundwood production in Turkey has shown a notable upward trend from 2013 to 2023, increasing from 16.762 million cubic meters to 25.3 million cubic meters. Significant annual variations are observed, with the most notable increase occurring between 2017 and 2018, at 15.44%. However, a temporary decline was noted in 2017. Year-on-year growth for 2023 stands at 2.66%, reflecting a consistent upward trajectory.
Over the last five years, the compound annual growth rate (CAGR) has averaged at 2.4%. Moving forward, the forecasted data from 2024 indicates continued growth, expected to reach 28.48 million cubic meters by 2028, with a forecasted 5-year CAGR of 1.88% and an overall forecasted growth rate of 9.75%.
Future trends to watch for include potential impacts of environmental policies, technological advancements in sustainable forestry practices, and global market demand shifts, which could influence production rates and strategic adaptations in Turkey's industrial roundwood sector.
