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Turkey - Sugary Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugary Soft Drink Price in Turkey - 2023
Contents:
- Sugary Soft Drink Price in Turkey (FOB) - 2023
- Sugary Soft Drink Price in Turkey (CIF) - 2023
- Sugary Soft Drink Exports in Turkey
- Sugary Soft Drink Imports in Turkey
Sugary Soft Drink Price in Turkey (FOB) - 2023
In July 2023, the average sugary soft drink export price amounted to $777 per thousand litres, increasing by 6.3% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 13% m-o-m. Over the period under review, the average export prices attained the peak figure at $920 per thousand litres in December 2022; however, from January 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the UK ($1.5 per litre), while the average price for exports to Syrian Arab Republic ($344 per thousand litres) 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 the UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sugary Soft Drink Price in Turkey (CIF) - 2023
The average sugary soft drink import price stood at $1.2 per litre in July 2023, almost unchanged from the previous month. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in March 2023 an increase of 8.2% month-to-month. As a result, import price reached the peak level of $1.5 per litre. From April 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1.4 per litre), while the price for Greece ($574 per thousand litres) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Sugary Soft Drink Exports in Turkey
Sugary soft drink exports from Turkey rose significantly to 411M litres in 2022, picking up by 10% on 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, sugary soft drink exports skyrocketed to $310M in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
Export of Sugary Soft Drink in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 0.5 | 4.8 | 10.3 | 42.3 | 339.0% |
Syrian Arab Republic | N/A | N/A | N/A | 27.1 | 0% |
Germany | 31.3 | 31.8 | 32.7 | 24.8 | -7.5% |
United Kingdom | 6.2 | 9.8 | 21.2 | 18.2 | 43.2% |
Netherlands | 8.4 | 12.3 | 17.7 | 17.6 | 28.0% |
Iran | 2.0 | 2.4 | 11.0 | 15.2 | 96.6% |
Iraq | 21.3 | 15.7 | 16.9 | 14.1 | -12.8% |
Israel | 15.6 | 18.4 | 24.3 | 12.8 | -6.4% |
Libya | 6.2 | 4.1 | 8.6 | 12.7 | 27.0% |
Lebanon | 2.2 | 2.9 | 3.9 | 11.8 | 75.0% |
Russia | 0.2 | 0.2 | 0.2 | 10.2 | 270.8% |
United States | 1.6 | 4.8 | 10.2 | 9.2 | 79.2% |
Cyprus | 7.8 | 5.4 | 6.0 | 8.0 | 0.8% |
Others | 56.9 | 54.7 | 88.6 | 86.1 | 14.8% |
Total | 160 | 167 | 252 | 310 | 24.7% |
Top Export Markets for Sugary Soft Drink from Turkey in 2022:
- Syrian Arab Republic (73.5M litres)
- Germany (41.5M litres)
- United Arab Emirates (36.3M litres)
- Lebanon (25.2M litres)
- United Kingdom (22.1M litres)
- Iran (20.8M litres)
- Iraq (17.1M litres)
- Cyprus (14.1M litres)
- Libya (12.8M litres)
- Israel (11.9M litres)
- Netherlands (11.2M litres)
- United States (10.9M litres)
- Russia (10.0M litres)
Sugary Soft Drink Imports in Turkey
For the fourth year in a row, Turkey recorded growth in supplies from abroad of sugary soft drinks, which increased by 50% to 146M litres in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sugary soft drink imports soared to $180M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Sugary Soft Drink in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 47.4 | 50.4 | 82.8 | 124 | 37.8% |
Switzerland | 13.3 | 18.5 | 27.3 | 28.8 | 29.4% |
Greece | N/A | N/A | 1.8 | 9.2 | 411.1% |
Iraq | 0.2 | N/A | 0.1 | 8.8 | 253.0% |
Hungary | 0.7 | 1.5 | 2.5 | 3.9 | 77.3% |
Netherlands | 1.6 | 2.1 | 2.5 | 0.1 | -60.3% |
United Arab Emirates | 0.3 | 1.3 | 2.6 | N/A | 194.4% |
Others | 1.5 | 1.4 | 3.1 | 4.8 | 47.4% |
Total | 65.2 | 75.2 | 123 | 180 | 40.3% |
Top Suppliers of Sugary Soft Drink to Turkey in 2022:
- United Arab Emirates (undefinedM litres)
- Austria (89.1M litres)
- Switzerland (22.3M litres)
- Greece (15.8M litres)
- Iraq (9.9M litres)
- Hungary (5.0M litres)
- Netherlands (0.1M litres)
This report provides an in-depth analysis of the sugary soft drink 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 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
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
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