Turkey: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Turkey

The Turkish cocoa powder with sugar market dropped slightly to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a measured 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Turkey

In value terms, cocoa powder with sugar production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Exports of Cocoa Powder (Containing Added Sugar)

Exports from Turkey

In 2022, overseas shipments of cocoa powder (containing added sugar) increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for cocoa powder with sugar exports from Turkey, accounting for a X% share of total exports. Moreover, cocoa powder with sugar exports to Libya exceeded the volume sent to the second major destination, Russia (X tons), fivefold. Israel (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Israel (X% per year).

In value terms, Libya ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price 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, cocoa powder with sugar export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Turkey

In 2022, approx. X tons of cocoa powder (containing added sugar) were imported into Turkey; growing by X% compared with the year before. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar imports fell significantly to $X in 2022. Over the period under review, imports saw a notable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Iraq (X tons) constituted the largest supplier of cocoa powder with sugar to Turkey, accounting for a X% share of total imports. Moreover, cocoa powder with sugar imports from Iraq exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iraq stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Iraq ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Iraq amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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