Turkey - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in Turkey - 2023
Contents:
- Caramel Price in Turkey (FOB) - 2023
- Caramel Price in Turkey (CIF) - 2023
- Caramel Exports in Turkey
- Caramel Imports in Turkey
Caramel Price in Turkey (FOB) - 2023
The average caramel export price stood at $1,217 per ton in July 2023, declining by -4.5% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 20% m-o-m. The export price peaked at $1,557 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($4,000 per ton), while the average price for exports to Russia ($769 per ton) 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 Egypt (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Price in Turkey (CIF) - 2023
The average caramel import price stood at $910 per ton in July 2023, with a decrease of -47.5% against the previous month. Over the period under review, the import price showed a pronounced curtailment. The growth pace was the most rapid in March 2023 when the average import price increased by 50% month-to-month. Over the period under review, average import prices attained the maximum at $2,093 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($2,324 per ton), while the price for Russia ($582 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced a decline.
Caramel Exports in Turkey
In 2022, overseas shipments of caramel decreased by -56.4% to 18K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 189% against the previous year. As a result, the exports reached the peak of 40K tons, and then contracted significantly in the following year.
In value terms, caramel exports reduced remarkably to $18M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 184% against the previous year. As a result, the exports reached the peak of $30M, and then dropped significantly in the following year.
| Export of Caramel in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,369 | 1,778 | 5,558 | 3,764 | 16.7% |
| Egypt | 369 | 571 | 2,702 | 1,830 | 70.5% |
| Italy | 806 | 828 | 2,323 | 1,573 | 25.0% |
| United States | 628 | 810 | 1,835 | 1,242 | 25.5% |
| Spain | 319 | 409 | 1,648 | 1,116 | 51.8% |
| Vietnam | 269 | 704 | 1,320 | 894 | 49.2% |
| Iraq | 1,053 | 644 | 831 | 848 | -7.0% |
| Israel | 10.1 | 130 | 1,176 | 796 | 328.7% |
| Netherlands | 360 | 955 | 1,025 | 739 | 27.1% |
| Cote d'Ivoire | 622 | 368 | 757 | 555 | -3.7% |
| Germany | 181 | 355 | 751 | 508 | 41.1% |
| Senegal | 570 | 388 | 370 | 457 | -7.1% |
| Hungary | 284 | 273 | 309 | 286 | 0.2% |
| Others | 2,306 | 2,389 | 9,539 | 3,361 | 13.4% |
| Total | 10,146 | 10,601 | 30,146 | 17,969 | 21.0% |
Top Export Markets for Caramel from Turkey in 2022:
- United Kingdom (3.8K tons)
- Egypt (2.1K tons)
- Italy (1.4K tons)
- United States (1.2K tons)
- Vietnam (1.0K tons)
- Spain (1.0K tons)
- Israel (0.8K tons)
- Netherlands (0.8K tons)
- Iraq (0.7K tons)
- Cote d'Ivoire (0.7K tons)
- Senegal (0.6K tons)
- Germany (0.4K tons)
- Hungary (0.4K tons)
Caramel Imports in Turkey
After three years of growth, overseas purchases of caramel decreased by -2% to 9.8K tons in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports attained the peak of 10K tons, and then contracted slightly in the following year.
In value terms, caramel imports shrank significantly to $14M in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports attained the peak of $17M, and then contracted markedly in the following year.
| Import of Caramel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.3 | 2.2 | 6.4 | 5.9 | -2.2% |
| France | 0.9 | 1.4 | 2.0 | 1.8 | 26.0% |
| Austria | 0.8 | 1.3 | 1.6 | 1.5 | 23.3% |
| Belgium | 0.4 | 0.3 | 1.1 | 0.9 | 31.0% |
| Netherlands | N/A | N/A | 0.7 | 0.6 | -14.3% |
| United Kingdom | 0.3 | 0.3 | 0.7 | 0.6 | 26.0% |
| China | 0.6 | 0.5 | 0.2 | 0.6 | 0.0% |
| Germany | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Russia | N/A | N/A | 0.4 | N/A | 0% |
| Slovakia | N/A | 0.7 | 0.3 | N/A | -57.1% |
| Others | 0.6 | 0.8 | 2.9 | 1.4 | 32.6% |
| Total | 10.1 | 7.8 | 16.5 | 13.8 | 11.0% |
Top Suppliers of Caramel to Turkey in 2022:
- Canada (3.5K tons)
- France (1.8K tons)
- China (1.2K tons)
- Belgium (1.0K tons)
- Austria (0.6K tons)
- Germany (0.4K tons)
- Netherlands (0.3K tons)
- United Kingdom (0.3K tons)
This report provides an in-depth analysis of the caramel 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 10891910 - Caramel
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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