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Turkey - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 17, 2023
Turkey's Coffee Extract Price Rises 4% to New Record of $9,040 per Ton, Fluctuating Wildly over 2022
Turkey Coffee Extract Import Price in September 2022
In September 2022, the coffee extract price stood at $9,040 per ton (CIF, Turkey), with an increase of 4.2% against the previous month. In general, import price indicated a moderate increase from January 2022 to September 2022: its price increased at an average monthly rate of +4.9% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, coffee extract import price increased by +4.2% against August 2022 indices. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 46% m-o-m. Over the period under review, average import prices reached the peak figure in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($22,248 per ton), while the price for India ($6,398 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Turkey Coffee Extract Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was coffee substitutes containing coffee ($23.1 per kg), while the price for preparations with a basis of extracts, essences or concentrates or with a basis of coffee ($7,752 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by coffee substitutes (+11.9%), while the prices for the other products experienced more modest paces of growth.
Turkey Coffee Extract Imports
In September 2022, approximately 1.4K tons of coffee extracts, essences and concentrates were imported into Turkey; falling by -17.2% compared with August 2022 figures. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in August 2022 with an increase of 75% against the previous month. Imports peaked at 3.1K tons in February 2022; however, from March 2022 to September 2022, imports failed to regain momentum.
In value terms, coffee extract imports declined to $13M (IndexBox estimates) in September 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 70% m-o-m. Imports peaked at 17K tons in March 2022; however, from April 2022 to September 2022, imports remained at a lower figure.
Turkey Coffee Extract Imports by Type
In September 2022, extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee (1.2K tons) constituted the largest type of coffee extract supplied to Turkey, accounting for a 86% share of total imports. Moreover, extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee exceeded the figures recorded for the second-largest type, preparations with a basis of extracts, essences or concentrates or with a basis of coffee (195 tons), sixfold.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee stood at -1.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: preparations with a basis of extracts, essences or concentrates or with a basis of coffee (-15.4% per month) and coffee substitutes containing coffee (-25.7% per month).
In value terms, extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee ($11M) constituted the largest type of coffee extract supplied to Turkey, comprising 88% of total imports. The second position in the ranking was taken by preparations with a basis of extracts, essences or concentrates or with a basis of coffee ($1.5M), with a 12% share of total imports.
Turkey Coffee Extract Imports by Country
Spain (367 tons), India (251 tons) and Brazil (174 tons) were the main suppliers of coffee extract imports to Turkey, with a combined 57% share of total imports. Malaysia, Germany, France, Poland and Switzerland lagged somewhat behind, together comprising a further 33%.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Spain ($3.3M) constituted the largest supplier of coffee extract to Turkey, comprising 26% of total imports. The second position in the ranking was held by India ($1.6M), with a 13% share of total imports. It was followed by Germany, with a 12% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+1.2% per month) and Germany (+17.7% per month).
Factors Affecting Coffee Extract Prices
Coffee extract is a coffee product that is made by extracting the coffee beans from the coffee plant. The most common type of coffee bean used for making coffee extract is Arabica. Arabica beans are grown in Ethiopia, Brazil, and Guatemala. Robusta beans are grown in Vietnam, Indonesia, and India. The price of Robusta beans also fluctuates depending on weather conditions and geopolitical factors.
The price of coffee extract in Turkey has been on the rise in recent years, due to a number of factors. One of the main reasons for this is the cost of raw materials. Coffee beans are one of the most important ingredients in coffee extract, and their price has been increasing steadily in recent years. This is largely due to increased demand from major coffee-producing countries such as Brazil and Colombia. In addition, the Turkish government has placed a number of taxes and tariffs on imported coffee beans, further driving up the cost.
Another factor contributing to the rising price of coffee extract is transportation costs. Turkey is not a major producer of coffee, so most of the beans used in extraction must be imported. This means that they have to be shipped long distances, which increases the overall cost. Additionally, fuel prices have been rising recently, which also adds to transportation costs.
The third factor influencing the price of coffee extract is production costs. Extracting coffee requires a lot of specialized equipment and expertise. In addition, many companies that produce coffee extract are located in Istanbul, which is one of the most expensive cities in Turkey. All these factors contribute to the high price of coffee extract in Turkey.
This report provides an in-depth analysis of the coffee extract 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 10831210 - Coffee substitutes containing coffee
• Prodcom 10831240 - Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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