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Turkey - Chicory - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Chicory Market Overview 2021

Chicory Market Size in Turkey

In 2020, the Turkish chicory market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, posted prominent growth. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. Chicory consumption peaked in 2020 and is expected to retain growth in the immediate term.

Chicory Exports

Exports from Turkey

In 2020, shipments abroad of chicory decreased by -X% to X kg, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X kg in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, chicory exports shrank significantly to $X in 2020. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Montenegro (X kg) was the main destination for chicory exports from Turkey, accounting for a X% share of total exports. Moreover, chicory exports to Montenegro exceeded the volume sent to the second major destination, Cyprus (X kg), twofold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Montenegro amounted to -X%.

In value terms, Montenegro ($X) remains the key foreign market for chicory exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Montenegro amounted to -X%.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, chicory export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Montenegro ($X per tonne), while the average price for exports to Cyprus totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro.

Chicory Imports

Imports into Turkey

In 2020, imports of chicory into Turkey reduced modestly to X kg, remaining stable against the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2012 to 2020: its volume increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2015 to 2020, the growth imports remained at a lower figure.

In value terms, chicory imports surged to $X in 2020. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2016, Pakistan (X tonnes) was the main chicory supplier to Turkey, accounting for a approx. X% share of total imports.

From 2012 to 2016, the average annual growth rate of volume from Pakistan was relatively modest.

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

From 2012 to 2016, the average annual growth rate of value from Pakistan totaled -X%.

Import Prices by Country

In 2016, the average chicory import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2014 to 2016, the growth in terms of 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 Pakistan.

From 2012 to 2016, the rate of growth in terms of prices for Pakistan amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?
+
Belgium (311K tonnes) constituted the country with the largest volume of chicory consumption, accounting for 67% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (51K tonnes), sixfold. France (40K tonnes) ranked third in terms of total consumption with a 8.6% share.
What are the largest producers of chicory in the world?
+
Belgium (312K tonnes) remains the largest chicory producing country worldwide, comprising approx. 68% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (53K tonnes), sixfold. The third position in this ranking was occupied by France (40K tonnes), with a 8.6% share.
What are the leading suppliers of chicory to Turkey?
+
In value terms, Pakistan ($7.2K) constituted the largest supplier of chicory to Turkey.
What are the leading importers of chicory from Turkey?
+
In value terms, Montenegro ($152) remains the key foreign market for chicory exports from Turkey, comprising 83% of total exports. The second position in the ranking was occupied by Cyprus ($23), with a 13% share of total exports.
What is the average export price for chicory in Turkey?
+
The average chicory export price stood at $10,765 per tonne in 2020, increasing by 2.8% against the previous year.
What is the average import price for chicory in Turkey?
+
In 2016, the average chicory import price amounted to $7,210 per tonne, which is down by -19.9% against the previous year.

Product coverage:
• FCL 459 - Chicory roots

This report provides an in-depth analysis of the chicory 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
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

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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