The import of semi-chemical wood pulp to Turkey has experienced significant fluctuations over the past decade. Between 2013 and 2017, there were sharp declines and substantial rebounds year-on-year, which reflected an erratic demand-supply dynamic. However, from 2018 onwards, the imports saw more stable growth until 2023, albeit still marked by some variability.
In 2023, the import value stood at 3.8596 Million US Dollars, showing a modest growth compared to previous years.
From 2021 to 2023, the year-on-year variations showed a slower but positive trend:
- 2021: 24.92%
- 2022: 3.48%
- 2023: 3.29%
The compound annual growth rate (CAGR) over the last five years (2018-2023) was calculated to be around 1.51%, which indicates a steadier growth period.
The forecast for the next five years (2024-2028) suggests an average annual growth rate (CAGR) of 2.42%, with projected growth totaling 12.71% by 2028.
Future trends to watch for include potential shifts in demand from key industries utilizing semi-chemical wood pulp, changes in global trade policies, and the impact of technological advancements in pulp processing and production. Additionally, monitoring Turkey's domestic production capabilities and sustainability initiatives will be crucial in understanding future import needs.
