Turkey: Wine Market 2024

Wine Market Size in Turkey

The Turkish wine market rose rapidly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Wine Production in Turkey

In value terms, wine production rose remarkably to $X in 2023 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Wine Exports

Exports from Turkey

For the third consecutive year, Turkey recorded growth in shipments abroad of wine and grape must, which increased by X% to X litres in 2023. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, wine exports soared to $X in 2023. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X litres) was the main destination for wine exports from Turkey, accounting for a X% share of total exports. Moreover, wine exports to Belarus exceeded the volume sent to the second major destination, Germany (X litres), threefold. The third position in this ranking was held by the UK (X litres), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the largest markets for wine exported from Turkey were Belarus ($X), Germany ($X) and the UK ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wine export price stood at $X per litre in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Belgium ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Turkey

In 2023, supplies from abroad of wine and grape must increased by X% to X litres, rising for the third year in a row after two years of decline. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine imports soared to $X in 2023. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X litres), France (X litres) and Moldova (X litres) were the main suppliers of wine imports to Turkey, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Turkey were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. Chile, Moldova, Portugal, South Africa and Ukraine lagged somewhat behind, together accounting for a further X%.

Moldova, with a CAGR of X%, recorded 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 2023, the average wine import price amounted to $X per litre, declining by X% against the previous year. In general, import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wine import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform