Report Update: May 1, 2024

Turkey - Vegetables In Vinegar - Market Analysis, Forecast, Size, Trends and Insights

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Vinegar-Preserved Vegetable Price in Turkey - 2023

Vinegar-Preserved Vegetable Price in Turkey (FOB) - 2023

The average vinegar-preserved vegetable export price stood at $1,277 per ton in July 2023, surging by 3.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in December 2022 an increase of 5.8% m-o-m. The export price peaked at $1,295 per ton in April 2023; afterwards, it flattened through to July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($2,028 per ton), while the average price for exports to Bulgaria ($912 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 Switzerland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Price in Turkey (CIF) - 2023

The average vinegar-preserved vegetable import price stood at $1,543 per ton in July 2023, increasing by 25% against the previous month. In general, import price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, vinegar-preserved vegetable import price decreased by -18.9% against May 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 94% against the previous month. The import price peaked at $2,118 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($8,233 per ton), while the price for Syrian Arab Republic ($516 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 Netherlands (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Vinegar-Preserved Vegetable Exports in Turkey

For the fourth consecutive year, Turkey recorded growth in shipments abroad of vegetables in vinegar other than potatoes, which increased by 4.9% to 336K tons in 2022. The total export volume increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vinegar-preserved vegetable exports rose notably to $356M in 2022. The total export value increased at an average annual rate of +14.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Vinegar-Preserved Vegetable in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	56.9	80.9	83.8	94.0	18.2%
United States	31.9	31.6	33.7	38.8	6.7%
Netherlands	36.3	50.9	48.6	34.3	-1.9%
United Kingdom	22.4	23.6	25.6	28.1	7.8%
Belgium	2.2	2.8	2.9	14.4	87.1%
Romania	9.3	7.6	11.4	12.9	11.5%
Greece	5.3	5.7	8.4	11.5	29.5%
Australia	8.2	8.3	9.9	11.4	11.6%
Bulgaria	1.9	3.2	5.0	7.7	59.4%
Russia	1.2	2.4	4.2	7.3	82.5%
France	4.6	4.7	5.0	7.1	15.6%
Poland	3.3	4.5	5.8	6.5	25.4%
Spain	3.3	3.8	7.1	6.4	24.7%
Others	53.8	63.8	72.6	75.7	12.1%
Total	241	294	324	356	13.9%

Top Export Markets for Vinegar-Preserved Vegetable from Turkey in 2022:

Germany (88.7K tons)
United States (36.8K tons)
Netherlands (29.7K tons)
United Kingdom (28.7K tons)
Romania (13.9K tons)
Belgium (13.4K tons)
Australia (10.1K tons)
Greece (10.0K tons)
Bulgaria (8.7K tons)
Russia (8.2K tons)
Spain (6.8K tons)
France (6.4K tons)
Poland (5.8K tons)

Vinegar-Preserved Vegetable Imports in Turkey

In 2022, the amount of vegetables in vinegar other than potatoes imported into Turkey skyrocketed to 2.4K tons, with an increase of 76% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinegar-preserved vegetable imports skyrocketed to $3.2M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vinegar-Preserved Vegetable in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	387	227	231	995	37.0%
Germany	394	215	294	801	26.7%
China	236	541	369	510	29.3%
Belgium	0.7	204	1.2	251	610.4%
Iran	66.2	132	80.2	123	22.9%
Spain	0.6	45.0	166	78.4	407.4%
United States	73.7	232	49.0	30.0	-25.9%
France	226	N/A	N/A	N/A	0%
Others	554	562	689	380	-11.8%
Total	1,939	2,157	1,879	3,169	17.8%

Top Suppliers of Vinegar-Preserved Vegetable to Turkey in 2022:

France (undefined tons)
Netherlands (903.3 tons)
Germany (546.0 tons)
China (475.6 tons)
Belgium (135.9 tons)
Iran (113.3 tons)
Spain (51.0 tons)
United States (15.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vinegar-preserved vegetable 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:

FCL 471 - Vegetables in Vinegar

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
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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