Turkey - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTomato Ketchup Price in Turkey - 2023
Contents:
- Tomato Ketchup Price in Turkey (FOB) - 2023
- Tomato Ketchup Price in Turkey (CIF) - 2023
- Tomato Ketchup Exports in Turkey
- Tomato Ketchup Imports in Turkey
Tomato Ketchup Price in Turkey (FOB) - 2023
The average tomato ketchup export price stood at $1,392 per ton in July 2023, waning by -2.7% against the previous month. Overall, export price indicated a pronounced expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tomato ketchup export price decreased by -7.1% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 18% against the previous month. The export price peaked at $1,517 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the UK ($2,565 per ton), while the average price for exports to Cuba ($708 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 the UK (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tomato Ketchup Price in Turkey (CIF) - 2023
The average tomato ketchup import price stood at $916 per ton in July 2023, shrinking by -43.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 68% m-o-m. The import price peaked at $1,779 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,055 per ton), while the price for the Netherlands ($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 Italy (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Tomato Ketchup Exports in Turkey
In 2022, tomato ketchup exports from Turkey expanded rapidly to 22K tons, picking up by 13% compared with the year before. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tomato ketchup exports surged to $24M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Tomato Ketchup in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.2 | 1.4 | 1.7 | 3.1 | 37.2% |
Belgium | 1.2 | 0.5 | 1.3 | 2.6 | 29.4% |
Netherlands | 0.2 | 0.2 | 0.5 | 2.2 | 122.4% |
Iraq | 6.6 | 8.5 | 2.5 | 1.5 | -39.0% |
Georgia | 0.8 | 0.6 | 0.6 | 1.2 | 14.5% |
Azerbaijan | 0.9 | 0.8 | 0.9 | 1.1 | 6.9% |
United Kingdom | 1.0 | 0.9 | 2.3 | 1.1 | 3.2% |
Cyprus | 0.9 | 0.6 | 0.8 | 1.0 | 3.6% |
Syrian Arab Republic | N/A | N/A | N/A | 0.9 | 0% |
Angola | 0.4 | 0.1 | 0.3 | 0.6 | 14.5% |
Denmark | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
Sweden | 0.9 | 0.7 | 0.6 | 0.6 | -12.6% |
Finland | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
Others | 5.5 | 6.9 | 6.9 | 6.7 | 6.8% |
Total | 20.1 | 21.7 | 18.9 | 23.6 | 5.5% |
Top Export Markets for Tomato Ketchup from Turkey in 2022:
- Germany (2.8K tons)
- Belgium (2.6K tons)
- Netherlands (2.5K tons)
- Iraq (1.4K tons)
- Georgia (1.3K tons)
- Syrian Arab Republic (1.1K tons)
- Cyprus (0.9K tons)
- Azerbaijan (0.8K tons)
- United Kingdom (0.8K tons)
- Denmark (0.7K tons)
- Finland (0.6K tons)
- Angola (0.5K tons)
- Sweden (0.5K tons)
Tomato Ketchup Imports in Turkey
In 2022, approx. 7K tons of tomato ketchup and tomato sauces were imported into Turkey; rising by 37% on the previous year's figure. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tomato ketchup imports rose to $5.6M in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Tomato Ketchup in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.2 | 3.2 | 3.4 | 3.8 | 20.0% |
Egypt | 0.3 | 0.3 | 0.7 | 0.8 | 38.7% |
Italy | 0.3 | 0.7 | 0.7 | 0.6 | 26.0% |
United Arab Emirates | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
Others | 1.0 | 0.8 | 0.4 | 0.4 | -26.3% |
Total | 4.1 | 5.1 | 5.4 | 5.6 | 11.0% |
Top Suppliers of Tomato Ketchup to Turkey in 2022:
- United Arab Emirates (undefinedK tons)
- Netherlands (5.8K tons)
- Egypt (0.6K tons)
- Italy (0.3K tons)
This report provides an in-depth analysis of the tomato ketchup 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 10841230 - Tomato ketchup and other tomato sauces
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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In January 2023, the price of tomato ketchup was $1,517 per ton (FOB Turkey) – a 9% increase from the previous month.
During the period of August 2023 to September 2023, the import growth did not pick up steam. However, the value of Soya Sauce imports experienced a significant surge, reaching $318K in September 2023.
Discover the top import markets for tomato ketchup and learn about the leading importers, including the United Kingdom, Germany, France, Canada, and the United States. Explore key statistics and insights in this article.
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Explore the top import markets for mixed condiments, sauces, and seasonings, including the United States, United Kingdom, Canada, France, Germany, Netherlands, Hong Kong SAR, Australia, Russia, and Mexico. Get key statistics and insights on these markets. Leverage the IndexBox market intelligence platform for accurate and up-to-date market information.
In January 2023, the price of tomato ketchup was $1,517 per ton (FOB Turkey) – a 9% increase from the previous month.
During the period of August 2023 to September 2023, the import growth did not pick up steam. However, the value of Soya Sauce imports experienced a significant surge, reaching $318K in September 2023.
Discover the top import markets for tomato ketchup and learn about the leading importers, including the United Kingdom, Germany, France, Canada, and the United States. Explore key statistics and insights in this article.