Turkey: Chicory Market 2022

Chicory Market Size in Turkey

The Turkish chicory market totaled $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Chicory Exports

Exports from Turkey

In 2021, shipments abroad of chicory increased by X% to X kg, rising for the fifth year in a row after three years of decline. In general, exports recorded a mild expansion. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, chicory exports reduced rapidly to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for chicory exports from Turkey, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average chicory export price amounted to $X per ton, falling by -X% against the previous year. Overall, the export price saw a precipitous contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to X% per year.

Chicory Imports

Imports into Turkey

For the sixth year in a row, Turkey recorded growth in purchases abroad of chicory, which increased by X% to X tons in 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, chicory imports reached $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main supplier of chicory to Turkey, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +X%.

In value terms, India ($X) constituted the largest supplier of chicory to Turkey.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%.

Import Prices by Country

In 2021, the average chicory import price amounted to $X per ton, declining by -X% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -X% per year.

Source: IndexBox Market Intelligence Platform

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