Turkey - Vinegar - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVinegar Price in Turkey - 2023
Contents:
- Vinegar Price in Turkey (FOB) - 2022
- Vinegar Price in Turkey (CIF) - 2023
- Vinegar Exports in Turkey
- Vinegar Imports in Turkey
Vinegar Price in Turkey (FOB) - 2022
In 2022, the average vinegar export price amounted to $731 per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 21% against the previous year. The export price peaked at $1,061 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($889 per ton), while the average price for exports to Qatar ($388 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 the United States (-1.1%), while the prices for the other major destinations experienced a decline.
Vinegar Price in Turkey (CIF) - 2023
The average vinegar import price stood at $1,399 per ton in July 2023, waning by -70.8% against the previous month. Overall, the import price recorded a noticeable setback. The pace of growth was the most pronounced in June 2023 when the average import price increased by 206% month-to-month. As a result, import price reached the peak level of $4,788 per ton, and then dropped notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,584 per ton), while the price for Germany ($866 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 China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Vinegar Exports in Turkey
In 2022, approx. 7.5K tons of vinegar were exported from Turkey; therefore, remained relatively stable against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, vinegar exports stood at $5.5M in 2022. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.0% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 47%. As a result, the exports attained the peak of $7.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Vinegar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 315 | 1,357 | 1,531 | 1,211 | 56.7% |
| Germany | 615 | 895 | 671 | 743 | 6.5% |
| Saudi Arabia | 1,395 | 1,208 | 0.1 | 559 | -26.3% |
| Cyprus | 411 | 423 | 246 | 354 | -4.9% |
| Azerbaijan | 276 | 387 | 279 | 288 | 1.4% |
| Iraq | 664 | 1,103 | 544 | 272 | -25.7% |
| United Kingdom | 100 | 158 | 194 | 257 | 37.0% |
| Georgia | 119 | 145 | 136 | 188 | 16.5% |
| Egypt | 29.3 | 34.0 | 91.7 | 135 | 66.4% |
| Libya | 70.1 | 88.2 | 121 | 132 | 23.5% |
| Qatar | 143 | 160 | 115 | 106 | -9.5% |
| Jordan | 28.8 | 41.8 | 87.8 | 103 | 52.9% |
| Syrian Arab Republic | 24.4 | 26.1 | 59.0 | 67.4 | 40.3% |
| Others | 857 | 1,418 | 1,404 | 1,097 | 8.6% |
| Total | 5,048 | 7,445 | 5,482 | 5,511 | 3.0% |
Top Export Markets for Vinegar from Turkey in 2022:
- United States (1453.7 tons)
- Saudi Arabia (1099.6 tons)
- Germany (872.3 tons)
- Cyprus (486.8 tons)
- Iraq (485.6 tons)
- Azerbaijan (424.5 tons)
- United Kingdom (420.1 tons)
- Georgia (281.1 tons)
- Qatar (274.6 tons)
- Syrian Arab Republic (165.5 tons)
- Libya (160.8 tons)
- Egypt (151.6 tons)
- Jordan (131.3 tons)
Vinegar Imports in Turkey
Vinegar imports into Turkey stood at 669 tons in 2022, approximately mirroring the year before. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports attained the peak of 922 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, vinegar imports shrank remarkably to $1.1M in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 79% against the previous year.
| Import of Vinegar in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 310 | 312 | 420 | 400 | 8.9% |
| Netherlands | 69.3 | 324 | 784 | 234 | 50.0% |
| United Kingdom | 84.2 | 98.2 | 132 | 178 | 28.3% |
| China | 75.6 | 25.5 | 62.7 | 79.3 | 1.6% |
| Spain | 43.5 | 46.7 | 5.4 | 56.6 | 9.2% |
| Japan | N/A | 3.4 | 32.1 | 48.0 | 275.7% |
| Hong Kong SAR | 51.7 | 18.1 | 53.1 | 24.2 | -22.4% |
| Germany | 28.6 | 474 | 21.7 | 22.3 | -8.0% |
| Greece | 72.1 | 28.6 | N/A | N/A | -60.3% |
| Others | 49.9 | 73.6 | 140 | 12.1 | -37.6% |
| Total | 785 | 1,405 | 1,651 | 1,054 | 10.3% |
Top Suppliers of Vinegar to Turkey in 2022:
- Italy (239.9 tons)
- United Kingdom (176.6 tons)
- China (118.3 tons)
- Japan (45.2 tons)
- Netherlands (28.0 tons)
- Germany (22.8 tons)
- Spain (19.7 tons)
- Hong Kong SAR (11.5 tons)
This report provides an in-depth analysis of the vinegar 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 10841130 - Vinegar and substitutes for vinegar made from wine
- Prodcom 10841190 - Vinegar and substitutes for vinegar (excluding made from wine)
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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This report provides an in-depth analysis of the vinegar market in Turkey.
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This report provides an in-depth analysis of the global vinegar market.
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This report provides an in-depth analysis of the vinegar market in Turkey.
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This report provides an in-depth analysis of the global vinegar market.
1249
In 2016, Turkish vinegar market stood at X million liters. There was a noticeable drop in the level of consumption over the 2009-2012 period, which was followed by recovery over the next four years.
287
Explore the top import markets for vinegar in 2022. Discover the growing demand, consumer preferences, and opportunities for international producers in the United States, Germany, France, Canada, and the United Kingdom.
3828
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
1161
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
1249
In 2016, Turkish vinegar market stood at X million liters. There was a noticeable drop in the level of consumption over the 2009-2012 period, which was followed by recovery over the next four years.
287
Explore the top import markets for vinegar in 2022. Discover the growing demand, consumer preferences, and opportunities for international producers in the United States, Germany, France, Canada, and the United Kingdom.
3828
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
1161
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
