Turkey - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in Turkey - 2023
Contents:
- Powdered Milk Price in Turkey (FOB) - 2023
- Powdered Milk Price in Turkey (CIF) - 2023
- Powdered Milk Exports in Turkey
- Powdered Milk Imports in Turkey
Powdered Milk Price in Turkey (FOB) - 2023
The average powdered milk export price stood at $2,589 per ton in July 2023, waning by -1.5% against the previous month. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 21% against the previous month. Over the period under review, the average export prices reached the maximum at $3,947 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Iraq ($3,131 per ton) and Pakistan ($2,670 per ton), while the average price for exports to Bangladesh ($2,364 per ton) and Syrian Arab Republic ($2,442 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (0.0%), while the prices for the other major destinations experienced a decline.
Powdered Milk Price in Turkey (CIF) - 2023
The average powdered milk import price stood at $2,504 per ton in July 2023, which is down by -23.1% against the previous month. In general, the import price saw a mild downturn. The most prominent rate of growth was recorded in February 2023 an increase of 33% against the previous month. As a result, import price attained the peak level of $4,042 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Belgium ($3,021 per ton) and Iran ($2,938 per ton), while the price for Belarus ($2,222 per ton) and Egypt ($2,432 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Powdered Milk Exports in Turkey
In 2022, the amount of powdered milk exported from Turkey fell rapidly to 48K tons, shrinking by -24.4% on 2021. Overall, exports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2021 with an increase of 195%. As a result, the exports reached the peak of 63K tons, and then declined notably in the following year.
In value terms, powdered milk exports shrank slightly to $167M in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 264%. As a result, the exports reached the peak of $174M, and then reduced modestly in the following year.
| Export of Powdered Milk in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 6.7 | 7.4 | 54.4 | 66.0 | 114.4% |
| Egypt | 8.2 | 5.6 | 46.8 | 51.7 | 84.7% |
| Bangladesh | 17.9 | 15.8 | 19.2 | 8.6 | -21.7% |
| Syrian Arab Republic | 7.8 | 1.3 | 5.0 | 6.5 | -5.9% |
| Singapore | N/A | N/A | N/A | 3.0 | 0% |
| Yemen | N/A | 0.1 | 3.6 | 2.8 | 429.2% |
| Rwanda | N/A | N/A | 1.7 | 2.6 | 52.9% |
| China | N/A | 5.6 | 25.0 | 1.5 | -48.2% |
| Pakistan | 7.2 | 2.5 | 2.2 | 1.4 | -42.1% |
| Nigeria | N/A | 0.1 | N/A | 1.4 | 274.2% |
| Iraq | 17.8 | 2.1 | 3.3 | 0.6 | -67.7% |
| Saudi Arabia | 5.2 | 0.8 | N/A | N/A | -84.6% |
| Others | 14.8 | 6.7 | 13.1 | 20.9 | 12.2% |
| Total | 85.5 | 47.9 | 174 | 167 | 25.0% |
Top Export Markets for Powdered Milk from Turkey in 2022:
- Saudi Arabia (undefinedK tons)
- Algeria (18.2K tons)
- Egypt (14.2K tons)
- Bangladesh (2.7K tons)
- Syrian Arab Republic (2.1K tons)
- Singapore (1.1K tons)
- Nigeria (1.1K tons)
- Yemen (0.8K tons)
- Rwanda (0.7K tons)
- Pakistan (0.4K tons)
- China (0.4K tons)
- Iraq (0.2K tons)
Powdered Milk Imports in Turkey
In 2022, powdered milk imports into Turkey skyrocketed to 3.7K tons, growing by 334% on the year before. Overall, imports recorded significant growth.
In value terms, powdered milk imports surged to $11M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Milk in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | 2,987 | 1,114 | 8,960 | 73.2% |
| Ukraine | 8.0 | 181 | N/A | 582 | 317.5% |
| France | 212 | 87.0 | 276 | 420 | 25.6% |
| Portugal | 6.1 | 164 | 222 | 258 | 248.4% |
| New Zealand | 114 | 15.9 | 5.1 | 15.2 | -48.9% |
| United Arab Emirates | 899 | 46.7 | 314 | 4.7 | -82.6% |
| Canada | 764 | 453 | N/A | 0.1 | -94.9% |
| United Kingdom | 155 | 402 | N/A | 0.1 | -91.4% |
| Uruguay | 30.6 | N/A | N/A | N/A | 0% |
| Others | 624 | 1,719 | 320 | 1,056 | 19.2% |
| Total | 2,812 | 6,056 | 2,252 | 11,297 | 59.0% |
Top Suppliers of Powdered Milk to Turkey in 2022:
- Canada (undefined tons)
- United Kingdom (undefined tons)
- Iran (3100.5 tons)
- Ukraine (183.0 tons)
- France (68.6 tons)
- Portugal (67.4 tons)
- New Zealand (3.6 tons)
- United Arab Emirates (1.1 tons)
This report provides an in-depth analysis of the powdered milk 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:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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This report provides an in-depth analysis of the powdered milk market in Turkey.
432
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Turkey.
636
This report provides an in-depth analysis of the market for evaporated and condensed milk in Turkey.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Turkey.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Turkey.
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This report provides an in-depth analysis of the skim powdered milk market in Turkey.
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Turkey.
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This report provides an in-depth analysis of the whole powdered milk market in Turkey.
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This report provides an in-depth analysis of the global powdered milk market.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1311
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1311
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
