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Turkey - Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Drop in Turkey's Wine Imports to $5.2M in September 2023
Turkey Wine Imports
In September 2023, overseas purchases of wine decreased by -39.9% to 829K litres, falling for the second consecutive month after five months of growth. Over the period under review, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in November 2022 with an increase of 83% against the previous month. Imports peaked at 1.6M litres in July 2023; however, from August 2023 to September 2023, imports remained at a lower figure.
In value terms, wine imports reduced to $5.2M (IndexBox estimates) in September 2023. Overall, imports, however, saw a temperate expansion. The pace of growth appeared the most rapid in March 2023 when imports increased by 60% m-o-m. Imports peaked at 7.9M litres in April 2023; however, from May 2023 to September 2023, imports stood at a somewhat lower figure.
COUNTRY | Import Value of Wine in Turkey (thousand USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
France | 1,646 | 1,830 | 2,275 | 1,919 | 2,054 | 1,709 | 3,221 | 3,647 | 2,779 | 2,620 | 2,658 | 2,680 | 3,018 |
Italy | 738 | 729 | 1,418 | 1,679 | 760 | 1,158 | 1,693 | 2,963 | 2,742 | 2,303 | 2,306 | 1,176 | 564 |
Spain | 116 | 277 | 98.3 | 299 | 175 | 119 | 467 | 336 | 178 | 939 | 576 | 109 | 184 |
Chile | 150 | 273 | 42.9 | 41.3 | 372 | 618 | 595 | 203 | 220 | 413 | 502 | 452 | 92.8 |
Moldova | 11.9 | 10.9 | 173 | 961 | 527 | 141 | 174 | 383 | 46.4 | 203 | 262 | 17.6 | 21.7 |
Ukraine | N/A | N/A | 155 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 185 | N/A |
Others | 319 | 198 | 256 | 407 | 335 | 461 | 594 | 411 | 1,015 | 791 | 1,224 | 1,225 | 1,281 |
Total | 2,981 | 3,318 | 4,419 | 5,306 | 4,222 | 4,206 | 6,745 | 7,945 | 6,982 | 7,269 | 7,528 | 5,844 | 5,162 |
Imports by Country
In September 2023, France (248K litres) constituted the largest wine supplier to Turkey, with a 30% share of total imports. Moreover, wine imports from France exceeded the figures recorded by the second-largest supplier, Italy (107K litres), twofold. Spain (57K litres) ranked third in terms of total imports with a 6.9% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of volume from France totaled +2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-2.7% per month) and Spain (+6.2% per month).
In value terms, France ($3M) constituted the largest supplier of wine to Turkey, comprising 58% of total imports. The second position in the ranking was taken by Italy ($564K), with an 11% share of total imports. It was followed by Spain, with a 3.6% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of value from France totaled +5.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-2.2% per month) and Spain (+3.9% per month).
Imports by Type
In September 2023, wine of fresh grapes (except sparkling wine) (720K litres) constituted the largest type of wine supplied to Turkey, with a 87% share of total imports. Moreover, wine of fresh grapes (except sparkling wine) exceeded the figures recorded for the second-largest type, sparkling wine (109K litres), sevenfold.
From September 2022 to September 2023, the average monthly growth rate of the volume of import of wine of fresh grapes (except sparkling wine) stood at +4.2%.
In value terms, the most traded types of wine in Turkey were wine of fresh grapes (except sparkling wine) ($2.8M) and sparkling wine ($2.4M).
Import Prices by Country
In September 2023, the wine price stood at $6.2 per litre (CIF, Turkey), picking up by 47% against the previous month. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $7.4 per litre in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($12.2 per litre), while the price for Moldova ($1.9 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Moldova (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the wine market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 564 - Wine
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023