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Turkey - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Paste Price in Turkey - 2023
Contents:
- Cocoa Paste Price in Turkey (CIF) - 2023
- Cocoa Paste Price in Turkey (FOB) - 2023
- Cocoa Paste Imports in Turkey
- Cocoa Paste Exports in Turkey
Cocoa Paste Price in Turkey (CIF) - 2023
The average cocoa paste import price stood at $3,872 per ton in July 2023, increasing by 2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in December 2022 when the average import price increased by 8.7% month-to-month. Over the period under review, average import prices hit record highs at $3,981 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($5,583 per ton), while the price for Malaysia ($3,514 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 Ghana (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Paste Price in Turkey (FOB) - 2023
In July 2023, the average cocoa paste export price amounted to $5,131 per ton, picking up by 18% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Israel ($6,153 per ton) and Iraq ($5,900 per ton), while the average price for exports to Romania ($4,500 per ton) and Iran ($4,560 per ton) were 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 (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Paste Imports in Turkey
In 2022, approx. 27K tons of cocoa paste were imported into Turkey; flattening at the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 7.7%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, cocoa paste imports shrank to $94M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $102M, and then contracted in the following year.
Import of Cocoa Paste in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 51.2 | 47.5 | 52.5 | 55.1 | 2.5% |
Cote d'Ivoire | 5.8 | 15.2 | 25.7 | 22.3 | 56.7% |
Ghana | 11.9 | 12.6 | 10.5 | 11.2 | -2.0% |
Belgium | 0.3 | 0.5 | 2.9 | 2.1 | 91.3% |
Malaysia | 11.0 | 9.0 | 6.3 | 1.4 | -49.7% |
Others | 2.0 | 1.4 | 3.8 | 2.1 | 1.6% |
Total | 82.3 | 86.1 | 102 | 94.1 | 4.6% |
Top Suppliers of Cocoa Paste to Turkey in 2022:
- Bulgaria (15.6K tons)
- Cote d'Ivoire (6.6K tons)
- Ghana (3.3K tons)
- Malaysia (0.5K tons)
- Belgium (0.4K tons)
Cocoa Paste Exports in Turkey
In 2022, exports of cocoa paste from Turkey skyrocketed to 2.2K tons, increasing by 112% on 2021. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cocoa paste exports soared to $8M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Cocoa Paste in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 3,158 | 3,859 | 2,230 | 2,982 | -1.9% |
Algeria | 191 | 126 | 69.3 | 1,882 | 114.4% |
Netherlands | N/A | N/A | N/A | 1,006 | 0% |
North Macedonia | 59.3 | 248 | 205 | 435 | 94.3% |
Russia | 71.7 | 43.5 | 1.0 | 410 | 78.8% |
Bulgaria | 353 | 630 | 148 | 365 | 1.1% |
Turkmenistan | 124 | 86.3 | 131 | 270 | 29.6% |
Romania | 369 | 42.0 | 31.1 | 15.1 | -65.5% |
Israel | 238 | 822 | 907 | N/A | 95.2% |
Saudi Arabia | 927 | 882 | N/A | N/A | -4.9% |
Others | 657 | 803 | 568 | 647 | -0.5% |
Total | 6,148 | 7,542 | 4,291 | 8,011 | 9.2% |
Top Export Markets for Cocoa Paste from Turkey in 2022:
- Iran (795.5 tons)
- Algeria (571.5 tons)
- Netherlands (266.0 tons)
- North Macedonia (121.0 tons)
- Russia (106.7 tons)
- Bulgaria (97.0 tons)
- Turkmenistan (74.7 tons)
- Romania (4.0 tons)
This report provides an in-depth analysis of the cocoa paste 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:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
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.
-
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
-
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
This report provides an in-depth analysis of the cocoa paste market in Turkey.
This report provides an in-depth analysis of the global cocoa paste market.
This report provides an in-depth analysis of the cocoa paste market in Turkey.
This report provides an in-depth analysis of the global cocoa paste market.
In January 2023, the cocoa paste price amounted to $3,733 per ton (CIF, Turkey), standing approximately at the previous month.
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
In January 2023, the cocoa paste price amounted to $3,733 per ton (CIF, Turkey), standing approximately at the previous month.
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...