Turkey - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Turkey - 2023
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Turkey (FOB) - 2023
- Price for Mixed Condiment, Sause and Seasoning in Turkey (CIF) - 2023
- Exports of Mixed Condiment, Sause and Seasoning in Turkey
- Imports of Mixed Condiment, Sause and Seasoning in Turkey
Price for Mixed Condiment, Sause and Seasoning in Turkey (FOB) - 2023
The average export price for mixed condiments, sauses and seasonings stood at $2,584 per ton in July 2023, with an increase of 33% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Iraq ($4,188 per ton), while the average price for exports to Qatar ($866 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 Iraq (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in Turkey (CIF) - 2023
In July 2023, the average import price for mixed condiments, sauses and seasonings amounted to $4,225 per ton, surging by 24% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United Arab Emirates ($8,305 per ton), while the price for Poland ($1,756 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 the United Arab Emirates (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mixed Condiment, Sause and Seasoning in Turkey
In 2022, exports of mixed condiments, sauses and seasonings from Turkey expanded sharply to 36K tons, with an increase of 5.8% against the year before. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, the exports reached the peak of 41K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, mixed condiment, sause and seasoning exports soared to $63M in 2022. The total export value increased at an average annual rate of +15.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Mixed Condiment, Sause and Seasoning in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.4 | 7.9 | 8.2 | 9.7 | 14.9% |
| Iraq | 8.6 | 12.1 | 8.7 | 9.7 | 4.1% |
| United States | 1.4 | 3.7 | 3.1 | 5.4 | 56.8% |
| Romania | 0.2 | 0.4 | 2.4 | 4.5 | 182.3% |
| United Kingdom | 2.4 | 1.7 | 2.3 | 3.0 | 7.7% |
| Israel | 0.7 | 1.3 | 2.1 | 2.9 | 60.6% |
| Pakistan | 3.5 | 4.7 | 3.8 | 2.8 | -7.2% |
| Cyprus | 1.9 | 1.2 | 1.7 | 2.4 | 8.1% |
| Netherlands | 0.3 | 0.6 | 0.7 | 1.1 | 54.2% |
| Saudi Arabia | 1.9 | 2.1 | 0.2 | 1.1 | -16.7% |
| Russia | 0.6 | 0.6 | 0.9 | 1.0 | 18.6% |
| Kuwait | 0.5 | 0.8 | 0.8 | 0.8 | 17.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.8 | 0% |
| Others | 12.7 | 16.9 | 17.5 | 17.8 | 11.9% |
| Total | 40.9 | 54.1 | 52.3 | 63.0 | 15.5% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Turkey in 2022:
- Iraq (6.7K tons)
- Germany (5.3K tons)
- United States (3.5K tons)
- United Kingdom (2.6K tons)
- Cyprus (1.4K tons)
- Saudi Arabia (1.2K tons)
- Israel (1.2K tons)
- Russia (1.1K tons)
- Pakistan (0.8K tons)
- Romania (0.8K tons)
- Kuwait (0.7K tons)
- Netherlands (0.6K tons)
- Syrian Arab Republic (0.6K tons)
Imports of Mixed Condiment, Sause and Seasoning in Turkey
Mixed condiment, sause and seasoning imports into Turkey skyrocketed to 19K tons in 2022, picking up by 25% against the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, mixed condiment, sause and seasoning imports soared to $59M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Mixed Condiment, Sause and Seasoning in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.8 | 8.6 | 17.5 | 22.1 | 56.2% |
| United Kingdom | 5.2 | 5.8 | 6.2 | 6.7 | 8.8% |
| Germany | 6.7 | 4.8 | 5.7 | 5.6 | -5.8% |
| Hungary | 3.1 | 4.6 | 5.8 | 5.1 | 18.1% |
| Thailand | 1.7 | 1.1 | 1.7 | 2.9 | 19.5% |
| Italy | 1.4 | 2.1 | 2.5 | 2.7 | 24.5% |
| United States | 1.4 | 0.9 | 1.6 | 2.3 | 18.0% |
| Netherlands | 1.6 | 1.4 | 1.7 | 2.1 | 9.5% |
| United Arab Emirates | 0.4 | 0.1 | 0.5 | 2.1 | 73.8% |
| China | 0.8 | 0.4 | 0.7 | 1.9 | 33.4% |
| Slovakia | N/A | N/A | N/A | 1.2 | 0% |
| Poland | 2.2 | 0.7 | 1.2 | 0.8 | -28.6% |
| Others | 4.6 | 4.2 | 4.9 | 3.9 | -5.4% |
| Total | 34.9 | 34.8 | 50.0 | 59.4 | 19.4% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Turkey in 2022:
- Indonesia (6.1K tons)
- United Arab Emirates (1.7K tons)
- United Kingdom (1.5K tons)
- Netherlands (1.4K tons)
- Germany (1.4K tons)
- Thailand (1.3K tons)
- Hungary (1.2K tons)
- China (0.7K tons)
- United States (0.5K tons)
- Italy (0.5K tons)
- Poland (0.5K tons)
- Slovakia (0.4K tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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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