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Turkey - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Cocoa Paste Market Overview 2021

Cocoa Paste Market Size in Turkey

The Turkish cocoa paste market shrank slightly to $X in 2020, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Cocoa Paste Production in Turkey

In value terms, cocoa paste production declined to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Cocoa Paste Exports

Exports from Turkey

For the third consecutive year, Turkey recorded growth in overseas shipments of cocoa paste, which increased by X% to X tonnes in 2020. Overall, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, cocoa paste exports reduced slightly to $X in 2020. Over the period under review, exports, however, saw a pronounced contraction. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Iran (X tonnes) was the main destination for cocoa paste exports from Turkey, with a X% share of total exports. Moreover, cocoa paste exports to Iran exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), fourfold. The third position in this ranking was occupied by Israel (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Iran totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Israel (+X% per year).

In value terms, Iran ($X) remains the key foreign market for cocoa paste exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Iran amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Israel (+X% per year).

Export Prices by Country

In 2020, the average cocoa paste export price amounted to $X per tonne, almost unchanged from the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Russia ($X per tonne) and Romania ($X per tonne), while the average price for exports to Egypt ($X per tonne) and Uzbekistan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Paste Imports

Imports into Turkey

For the fourth consecutive year, Turkey recorded growth in overseas purchases of cocoa paste, which increased by X% to X tonnes in 2020. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, cocoa paste imports stood at $X in 2020. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, Bulgaria (X tonnes) constituted the largest cocoa paste supplier to Turkey, accounting for a X% share of total imports. Moreover, cocoa paste imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+X% per year) and Ghana (+X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of cocoa paste to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Cote d'Ivoire ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Bulgaria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+X% per year) and Ghana (+X% per year).

Import Prices by Country

In 2020, the average cocoa paste import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Bulgaria ($X per tonne), while the price for Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa paste in the world?
+
The countries with the highest volumes of cocoa paste consumption in 2020 were China (1.4M tonnes), the U.S. (810K tonnes) and India (553K tonnes), with a combined 29% share of global consumption. These countries were followed by Japan, Russia, Brazil, Pakistan, Indonesia, Nigeria, Germany, Mexico, the UK and Bangladesh, which together accounted for a further 25%.
What are the largest producers of cocoa paste in the world?
+
The countries with the highest volumes of cocoa paste production in 2020 were China (1.3M tonnes), the U.S. (696K tonnes) and India (551K tonnes), together comprising 28% of global production. Japan, Cote d'Ivoire, Indonesia, Brazil, Pakistan, Russia, Nigeria, Mexico, the UK and Bangladesh lagged somewhat behind, together comprising a further 27%.
What are the leading suppliers of cocoa paste to Turkey?
+
In value terms, Bulgaria ($50M) constituted the largest supplier of cocoa paste to Turkey, comprising 59% of total imports. The second position in the ranking was occupied by Cote d'Ivoire ($17M), with a 21% share of total imports.
What are the leading importers of cocoa paste from Turkey?
+
In value terms, Iran ($3.5M) remains the key foreign market for cocoa paste exports from Turkey, comprising 57% of total exports. The second position in the ranking was occupied by Saudi Arabia ($1M), with a 17% share of total exports. It was followed by Israel, with a 7.8% share.
What is the average export price for cocoa paste in Turkey?
+
In 2020, the average cocoa paste export price amounted to $3,532 per tonne, almost unchanged from the previous year.
What is the average import price for cocoa paste in Turkey?
+
In 2020, the average cocoa paste import price amounted to $3,232 per tonne, shrinking by -3.5% against the previous year.

Product coverage:
• Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

This report provides an in-depth analysis of the cocoa paste 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
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

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

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

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 VOLUME AND VALUE
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

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 2025
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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