Turkey - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in Turkey - 2023
Contents:
- Price for Cocoa Powder with Sugar in Turkey (FOB) - 2022
- Price for Cocoa Powder with Sugar in Turkey (CIF) - 2022
- Exports of Cocoa Powder with Sugar in Turkey
- Imports of Cocoa Powder with Sugar in Turkey
Price for Cocoa Powder with Sugar in Turkey (FOB) - 2022
In 2022, the average cocoa powder with sugar export price amounted to $3,896 per ton, approximately mirroring the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa powder with sugar export price increased by +2.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 37%. The export price peaked at $4,153 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($5,547 per ton), while the average price for exports to Iraq ($1,880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in Turkey (CIF) - 2022
The average cocoa powder with sugar import price stood at $3,052 per ton in 2022, reducing by -41.4% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 83%. Over the period under review, average import prices reached the peak figure at $7,051 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,792 per ton), while the price for Iraq ($2,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cocoa Powder with Sugar in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of cocoa powder (containing added sugar), which increased by 43% to 303 tons in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 122% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, cocoa powder with sugar exports surged to $1.2M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 103%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cocoa Powder with Sugar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 46.2 | 43.3 | 122 | 514 | 123.2% |
| Russia | N/A | 4.5 | N/A | 97.0 | 364.3% |
| Italy | N/A | N/A | N/A | 92.0 | 0% |
| Philippines | N/A | N/A | N/A | 82.5 | 0% |
| Israel | 0.8 | 20.0 | 3.5 | 82.1 | 368.2% |
| Australia | N/A | 14.5 | 25.1 | 55.3 | 95.3% |
| Turkmenistan | N/A | N/A | 0.3 | 37.6 | 12433.3% |
| Saudi Arabia | 6.6 | 8.7 | N/A | 34.7 | 73.9% |
| Iran | 0.2 | 4.7 | 0.3 | 24.1 | 393.9% |
| Lebanon | 0.6 | 3.5 | 3.4 | 23.7 | 240.6% |
| Iraq | 1.0 | 55.3 | 10.0 | 20.8 | 175.0% |
| Oman | 9.2 | 133 | 164 | 0.1 | -77.8% |
| United Arab Emirates | 294 | 458 | 481 | N/A | 27.9% |
| Others | 17.1 | 19.1 | 11.9 | 117 | 89.8% |
| Total | 376 | 764 | 821 | 1,181 | 46.4% |
Top Export Markets for Cocoa Powder with Sugar from Turkey in 2022:
- Libya (128.4 tons)
- Russia (26.3 tons)
- Israel (25.0 tons)
- Italy (22.3 tons)
- Philippines (22.0 tons)
- Australia (13.5 tons)
- Saudi Arabia (13.3 tons)
- Iraq (11.1 tons)
- Turkmenistan (7.0 tons)
- Lebanon (6.5 tons)
- Iran (6.2 tons)
- Oman (0.1 tons)
Imports of Cocoa Powder with Sugar in Turkey
Cocoa powder with sugar imports into Turkey soared to 18 tons in 2022, with an increase of 37% compared with 2021. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,100% against the previous year. As a result, imports attained the peak of 72 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cocoa powder with sugar imports declined rapidly to $54K in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,473%. As a result, imports attained the peak of $361K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cocoa Powder with Sugar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | 17.3 | 34.3 | 98.3% |
| Germany | 3.8 | 81.2 | 4.2 | 14.3 | 55.5% |
| Italy | 8.7 | 30.0 | 0.2 | 1.2 | -48.3% |
| Malaysia | N/A | 191 | 35.7 | N/A | -81.3% |
| United Arab Emirates | N/A | 3.7 | 2.4 | N/A | -35.1% |
| Egypt | N/A | 37.2 | N/A | N/A | 0% |
| Australia | 9.9 | N/A | 1.3 | N/A | -63.8% |
| Saudi Arabia | N/A | 17.4 | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 6.0 | 4.2 | 103.3% |
| Total | 23.0 | 361 | 67.1 | 54.0 | 32.9% |
Top Suppliers of Cocoa Powder with Sugar to Turkey in 2022:
- Iraq (13.3 tons)
- Germany (3.7 tons)
- Italy (0.2 tons)
This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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
- 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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