The wood-based panels production in Turkey showcased a fluctuating trend over the past decade, peaking in 2014 and experiencing minor declines in subsequent years. The year 2023 saw production standing at 9.0558 million cubic meters, which is relatively stable compared to previous years but indicates a slight decrease of 0.15% from 2022. Analyzing the last two years, there's been a gradual decline in production. Over the past five years, the compound annual growth rate (CAGR) was -0.98%, reflecting a modest yet consistent downward trend.
Future forecasts suggest continued slight decreases in production, with a five-year CAGR of -0.12% expected, reaching 8.989 million cubic meters by 2028.
Future trends to watch for:
- Technological advancements in production methods
- Demand shifts driven by domestic and international market dynamics
- Environmental regulations impacting raw material sourcing and production processes
- Economic factors influencing construction and furniture industries, primary consumers of wood-based panels
