Analysis of Turkish Pine Stumpage-based Auction Sales: A Case Study of İzmir Regional Directorate of Forestry

The study analyzed all Turkish pine stumpage-based auction sales conducted by 10 forest management directorates under the İzmir Regional Directorate of Forestry between 2020-2024. The analysis included all data on Turkish pine stumpage-based auction sales carried out from March 2020—when the General Directorate of Forestry introduced the new open-access e-auction system during the Covid-19 pandemic—until June 2024. To analyze the stumpage-based auction sales of Turkish pine by the forest management directorates, the auction revenues were converted to 2020 constant prices using the Producer Price Index for forest products and related services published by TUIK. When examining the 818 Turkish pine stumpage-based auction revenues analyzed in the study, the Bergama, Akhisar, and Manisa Forest Management Directorates ranked as the top three, respectively. In terms of the number of auctions, the ranking shifted to Manisa, Gördes, and Akhisar Forest Management Directorates. Regarding the total volume (m³) of standing timber offered for auction, the Manisa, Akhisar, and Gördes Forest Management Directorates outperformed the others. Lastly, when comparing revenue per unit, Bergama, Salihli, and Akhisar Forest Management Directorates achieved a more profitable production process in the relevant years compared to other directorates.