Report Update: May 1, 2024

Turkey - Prepared Baking Powders - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Baking Powder Price in Turkey - 2023

Prepared Baking Powder Price in Turkey (FOB) - 2023

In July 2023, the average prepared baking powder export price amounted to $2,666 per ton, with an increase of 18% against the previous month. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Turkmenistan ($3,347 per ton), while the average price for exports to the UK ($1,138 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 Turkmenistan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Price in Turkey (CIF) - 2022

In 2022, the average prepared baking powder import price amounted to $4,866 per ton, growing by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $5,106 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($5,116 per ton), while the price for Bulgaria ($455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Prepared Baking Powder Exports in Turkey

In 2022, overseas shipments of prepared baking powders decreased by -3.8% to 2.6K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of 3.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared baking powder exports soared to $5.7M in 2022. The total export value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. As a result, the exports attained the peak of $5.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Prepared Baking Powder in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iraq	1,929	2,896	1,730	1,843	-1.5%
Azerbaijan	732	681	756	1,044	12.6%
Turkmenistan	193	409	272	430	30.6%
Syrian Arab Republic	N/A	N/A	N/A	426	0%
United Kingdom	11.9	73.3	276	308	195.8%
Kazakhstan	45.2	107	84.5	240	74.5%
Georgia	76.6	79.4	75.4	167	29.7%
Tajikistan	132	129	134	153	5.0%
Uzbekistan	58.4	106	92.4	137	32.9%
Others	952	1,339	1,159	967	0.5%
Total	4,130	5,820	4,579	5,715	11.4%

Top Export Markets for Prepared Baking Powder from Turkey in 2022:

Iraq (1091.2 tons)
Azerbaijan (389.0 tons)
Syrian Arab Republic (214.8 tons)
Turkmenistan (174.4 tons)
United Kingdom (120.3 tons)
Kazakhstan (108.4 tons)
Georgia (68.3 tons)
Uzbekistan (56.0 tons)
Tajikistan (48.0 tons)

Prepared Baking Powder Imports in Turkey

In 2022, purchases abroad of prepared baking powders decreased by -58% to 3.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports attained the peak of 15 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared baking powder imports contracted rapidly to $17K in 2022. Overall, imports saw a sharp slump. The smallest decline of -17.1% was in 2020.

Import of Prepared Baking Powder in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	38.7	6.1	30.2	16.1	-25.3%
Netherlands	0.1	0.1	0.1	0.3	44.2%
Iraq	3.9	39.4	1.9	0.3	-57.5%
United States	2.1	N/A	N/A	0.1	-63.8%
United Kingdom	13.6	4.8	5.3	N/A	-37.6%
United Arab Emirates	2.4	N/A	N/A	N/A	0%
Others	0.5	0.6	0.1	0.1	-41.5%
Total	61.4	50.9	37.6	17.0	-34.8%

Top Suppliers of Prepared Baking Powder to Turkey in 2022:

Sweden (3150.0 kg)
Iraq (200.0 kg)
Netherlands (70.0 kg)
United States (20.0 kg)
United Arab Emirates (8.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the prepared baking powder 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 10891370 - Prepared baking powders

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023