Turkey - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in Turkey - 2023
Contents:
- Chocolate Price in Turkey (FOB) - 2023
- Chocolate Price in Turkey (CIF) - 2023
- Chocolate Exports in Turkey
- Chocolate Imports in Turkey
Chocolate Price in Turkey (FOB) - 2023
In July 2023, the average chocolate export price amounted to $3,563 per ton, reducing by -1.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices attained the maximum at $3,630 per ton in June 2023, and then declined modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($4,582 per ton), while the average price for exports to Syrian Arab Republic ($1,821 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Price in Turkey (CIF) - 2023
The average chocolate import price stood at $4,719 per ton in July 2023, picking up by 2.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in November 2022 when the average import price increased by 36% month-to-month. Over the period under review, average import prices attained the maximum at $5,515 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($25,939 per ton), while the price for Malaysia ($1,605 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Exports in Turkey
Chocolate exports from Turkey surged to 22K tons in 2022, jumping by 75% compared with 2021. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, chocolate exports surged to $62M in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Chocolate in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 5.5 | 6.7 | 3.7 | 18.2 | 49.0% |
Iraq | 5.0 | 5.5 | 7.5 | 10.9 | 29.7% |
United States | 0.2 | 0.6 | 2.6 | 4.8 | 188.4% |
Egypt | 3.2 | 2.6 | 1.6 | 4.1 | 8.6% |
Libya | 1.7 | 1.4 | 2.4 | 2.7 | 16.7% |
Bulgaria | 0.9 | 1.3 | 1.2 | 2.6 | 42.4% |
Romania | 0.6 | 0.4 | 0.5 | 1.8 | 44.2% |
Georgia | 0.5 | 0.4 | 0.6 | 1.4 | 40.9% |
Azerbaijan | 0.9 | 1.0 | 0.9 | 1.1 | 6.9% |
Israel | 1.0 | 1.1 | 0.5 | 0.8 | -7.2% |
United Arab Emirates | 1.7 | 0.3 | 1.4 | 0.6 | -29.3% |
Saudi Arabia | 2.1 | 1.4 | N/A | 0.5 | -38.0% |
Others | 8.3 | 7.1 | 9.2 | 12.7 | 15.2% |
Total | 31.7 | 29.9 | 32.1 | 62.2 | 25.2% |
Top Export Markets for Chocolate from Turkey in 2022:
- Kazakhstan (6.6K tons)
- Iraq (4.0K tons)
- United States (1.6K tons)
- Egypt (1.5K tons)
- Romania (0.8K tons)
- Libya (0.8K tons)
- Bulgaria (0.7K tons)
- Georgia (0.5K tons)
- Azerbaijan (0.4K tons)
- United Arab Emirates (0.2K tons)
- Israel (0.2K tons)
- Saudi Arabia (0.1K tons)
Chocolate Imports in Turkey
After two years of decline, overseas purchases of chocolate and other food preparations containing cocoa increased by 25% to 7.2K tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, chocolate imports surged to $29M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Chocolate in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 11.8 | 9.3 | 9.7 | 14.3 | 6.6% |
Germany | 8.8 | 10.1 | 7.4 | 7.6 | -4.8% |
Bulgaria | 2.6 | 3.8 | 2.8 | 2.2 | -5.4% |
France | 0.4 | 0.7 | 1.0 | 0.9 | 31.0% |
Italy | 0.2 | 0.2 | 0.2 | 0.7 | 51.8% |
Poland | 0.2 | 0.4 | 0.7 | 0.7 | 51.8% |
Others | 2.4 | 1.5 | 2.3 | 2.9 | 6.5% |
Total | 26.5 | 26.0 | 24.1 | 29.4 | 3.5% |
Top Suppliers of Chocolate to Turkey in 2022:
- Belgium (3.5K tons)
- Germany (2.3K tons)
- Bulgaria (0.4K tons)
- Italy (0.2K tons)
- France (0.2K tons)
- Poland (0.1K tons)
This report provides an in-depth analysis of the market for chocolate and other food preparations containing cocoa 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:
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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
-
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
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