Turkey: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Turkey

The Turkish chocolate and confectionery market declined to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chocolate And Confectionery Production in Turkey

In value terms, chocolate and confectionery production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Chocolate and confectionery production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Turkey

In 2022, the amount of chocolate and confectionery exported from Turkey was estimated at X tons, growing by X% against the previous year. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, chocolate and confectionery exports soared to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for chocolate and confectionery exports from Turkey, with a X% share of total exports. Moreover, chocolate and confectionery exports to Iraq exceeded the volume sent to the second major destination, Iran (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In value terms, Iraq ($X) remains the key foreign market for chocolate and confectionery exports from Turkey, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Iran (X% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Syrian Arab Republic ($X 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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Turkey

In 2022, chocolate and confectionery imports into Turkey expanded rapidly to X tons, with an increase of X% compared with 2021. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, chocolate and confectionery imports totaled $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Bulgaria (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of chocolate and confectionery imports to Turkey, with a combined X% share of total imports. Cote d'Ivoire, Malaysia, Poland, Belgium, Ghana, Canada, Indonesia, France, Italy and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Turkey were Bulgaria ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Malaysia, Cote d'Ivoire, Belgium, Switzerland, Poland, Ghana, France, Italy, Indonesia and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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