Turkey: Sugar Crop Market 2024

Sugar Crop Market Size in Turkey

The Turkish sugar crop market rose modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sugar Crop Production in Turkey

In value terms, sugar crop production surged to $X in 2022 estimated in export price. In general, production, however, showed a noticeable decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Sugar crop production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of sugar crops in Turkey expanded significantly to X tons per ha in 2022, picking up by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. The sugar crop yield peaked in 2022 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Turkey dropped to X ha, which is down by X% on the previous year. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar crop production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Turkey

In 2022, after two years of decline, there was significant growth in shipments abroad of sugar crops, when their volume increased by X% to X tons. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop exports surged to $X in 2022. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons) was the main destination for sugar crop exports from Turkey, accounting for a X% share of total exports. Moreover, sugar crop exports to Algeria exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Saudi Arabia (X% per year).

In value terms, Algeria ($X) remains the key foreign market for sugar crops exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar crop export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Turkey

In 2022, supplies from abroad of sugar crops decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports reduced remarkably to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Cyprus (X tons), Lebanon (X tons) and Spain (X tons) were the main suppliers of sugar crop imports to Turkey, together accounting for X% of total imports. These countries were followed by Italy, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Lebanon ($X) and Spain ($X) were the largest sugar crop suppliers to Turkey, together accounting for X% of total imports. These countries were followed by Italy, which accounted for a further X%.

Italy, 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 2022, the average sugar crop import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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