Turkey - Vinegar - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Turkish Vinegar Market - Asian Countries Constitutes the Main Export Destinations
IndexBox has just published a new report "Turkey: Vinegar - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
Turkish Vinegar Consumption Increased over the Past Two Years
In 2016, Turkish vinegar market stood at X million liters. There was a noticeable drop in the level of consumption over the 2009-2012 period, which was followed by recovery over the next four years. In value terms, the market stood at X million USD (IndexBox estimates).
Turkey’s Vinegar Consumption Is Set to Reach X Million Liters by 2025
Growth in Turkey’s vinegar consumption is expected to reach +X% per year in the medium term. An increase in consumption of processed food, as well as an increase in food consumption as a whole due to population growth, rising incomes, and urbanization will be the leading factors contributing to the growth of Turkey’s vinegar market.
After Attaining Pre-crisis Figures, Vinegar Production Increased by X% in 2016
Turkey is one of the key global producers of vinegar (it is among the top X countries in terms of global output). Approximately X% of domestic consumption is met through domestic output.
The production of vinegar in Turkey reached X million liters in 2016, which was X% more than the year before. After a period of decline seen from 2009-2011, production volume demonstrated positive dynamics, allowing Turkey to reach pre-crisis volume in 2014. In value terms, it dropped to X million USD, which was X% below the previous year’s value. This decline, however, was due to the weakening of the national currency against the U.S. dollar. The volume of production, expressed in national currency, on the contrary, grew steadily, amounting to an estimated X million Turkish Liras in 2016.
Asian Countries Constituted the Main Destinations for Vinegar Exports
Turkey exported X million liters of vinegar in 2016, which accounted for X% of the country’s total vinegar output. From 2007 to 2016, Turkey’s vinegar exports showed a steady increase.
In 2016, Iraq (X%), Saudi Arabia (X%), Germany (X), the U.S. (X%), Azerbaijan (X%), Georgia (X%), and Malaysia (X%) were the main destinations for Turkey’s vinegar exports. The shares exported to Iraq and Georgia (+X percentage points each) increased, while the shares sent to Germany (-X percentage points) and Saudi Arabia (-X percentage points) illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Italy Emerged as a Key Supplier of Vinegar
Foreign supplies of vinegar to Turkey were insignificant in volume and strongly fluctuated during the analyzed period. The volume of Turkey’s vinegar imports totaled X million liters in 2016.
Italy (X%, based on liters), the UK (X%), and China (X%) were the main suppliers of vinegar to Turkey, with a X share of total imports in 2016.
The UK strengthened its position in Turkey’s import structure by +X percentage points from 2007 to 2016, while Italy saw its share reduced by -X percentage points.
Do you want to know more about the vinegar market in Turkey? Get the latest trends and insight from our report. It includes a wide range of statistics on
- vinegar market share
- vinegar prices
- vinegar production
- vinegar industry
- vinegar sales
- vinegar imports
- vinegar exports
- vinegar market forecast
- vinegar price forecast
Source: IndexBox Platform
This report provides an in-depth analysis of the vinegar 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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