Turkey: Paper Label Market 2024

Paper Label Market Size in Turkey

The Turkish paper label market expanded significantly to $X in 2023, increasing by X% against the previous year. Overall, consumption recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Paper Label Production in Turkey

In value terms, paper label production expanded significantly to $X in 2023 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Paper Label Exports

Exports from Turkey

In 2023, after two years of growth, there was significant decline in shipments abroad of labels of paper or paperboard, when their volume decreased by X% to X tons. In general, total exports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, paper label exports declined slightly to $X in 2023. Over the period under review, total exports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then declined slightly in the following year.

Exports by Country

Iraq (X tons), Egypt (X tons) and Germany (X tons) were the main destinations of paper label exports from Turkey, together accounting for X% of total exports. Georgia, Israel, the United States, Russia, Azerbaijan, Italy, Bulgaria, Morocco, Serbia and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper label exported from Turkey were Egypt ($X), Iraq ($X) and Germany ($X), together accounting for X% of total exports. Georgia, Italy, Morocco, the United States, Bulgaria, Israel, Serbia, Russia, Romania and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Serbia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper label export price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Label Imports

Imports into Turkey

In 2023, supplies from abroad of labels of paper or paperboard increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, paper label imports declined modestly to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of paper label imports to Turkey, together comprising X% of total imports. Poland, Spain, the Netherlands, the United States, Georgia, Sweden, the UK, France, Hong Kong SAR and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Georgia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest paper label suppliers to Turkey, together comprising X% of total imports. Georgia, Spain, the United States, the Netherlands, Hong Kong SAR, France, Poland, the UK, Romania and Sweden lagged somewhat behind, together comprising a further X%.

Georgia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average paper label import price amounted to $X per ton, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Georgia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform