Latest Report Update: Mar 18, 2023
Turkey - Mixtures Of Fruit And Vegetable Juices - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Mar 18, 2023
Turkey's Mixed Juices Price Reaches Peak of $2,057 per Ton
Turkey Mixed Juices Export Price in December 2022
In December 2022, the mixed juices price amounted to $2,057 per ton (FOB, Turkey), growing by 14% against the previous month. Over the period from January 2022 to December 2022, it increased at an average monthly rate of +3.8%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices hit record highs in December 2022.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was the United States ($2,526 per ton), while the average price for exports to Syrian Arab Republic ($753 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Mixed Juices Exports
In December 2022, the amount of mixtures of fruit and vegetable juices exported from Turkey fell to 1.5K tons, which is down by -7.5% compared with November 2022 figures. Overall, exports showed a pronounced slump. The pace of growth appeared the most rapid in August 2022 when exports increased by 62% against the previous month. Over the period under review, the exports hit record highs at 3.1K tons in April 2022; however, from May 2022 to December 2022, the exports stood at a somewhat lower figure.
In value terms, mixed juices exports rose significantly to $3M (IndexBox estimates) in December 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when exports increased by 89% m-o-m. Over the period under review, the exports hit record highs at 4.5K tons in April 2022; however, from May 2022 to December 2022, the exports failed to regain momentum.
Turkey Mixed Juices Exports by Country
the United States (966 tons) was the main destination for mixed juices exports from Turkey, accounting for a 66% share of total exports. Moreover, mixed juices exports to the United States exceeded the volume sent to the second major destination, the UK (58 tons), more than tenfold. The third position in this ranking was taken by Syrian Arab Republic (47 tons), with a 3.2% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume to the United States stood at -5.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+12.2% per month) and Syrian Arab Republic (+17.7% per month).
In value terms, the United States ($2.4M) remains the key foreign market for mixed juices exports from Turkey, comprising 82% of total exports. The second position in the ranking was taken by Russia ($99K), with a 3.3% share of total exports. It was followed by Germany, with a 1.9% share.
From January 2022 to December 2022, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+79.2% per month) and Germany (+9.3% per month).
Why Are Mixed Juices Prices Rising?
Turkey's mixed juices have reached a record-high price of $2,057 per ton due to a variety of factors. One major reason is the increasing demand for healthy beverages, as consumers are becoming more health-conscious and looking for alternatives to traditional sugary drinks.
Another factor is the impact of weather on fruit crops. A harsh winter and summer heat waves have led to lower yields of fruits used in mixed juices such as oranges, apples, and berries. This has led to an increase in the cost of raw materials for manufacturers, which in turn has driven up the price of the finished product.
Furthermore, there has been an increase in transportation and distribution costs due to rising fuel prices and supply chain disruptions caused by the COVID-19 pandemic. These factors have also contributed to the overall increase in the price of mixed juices.
Despite high prices, demand for mixed juices is expected to remain strong due to increasing health awareness and the popularity of convenient, on-the-go beverages. Manufacturers will need to work on finding ways to keep costs down while maintaining quality in order to meet this growing demand.
This report provides an in-depth analysis of the mixed juices 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 10321700 - Mixtures of fruit and vegetable juices
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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