Turkey: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Turkey

In 2022, after two years of decline, there was significant growth in the Turkish market for condensed or evaporated milk (unsweetened), when its value increased by X% to $X. Overall, consumption, however, showed a perceptible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Turkey

In value terms, unsweetened condensed and evaporated milk production surged to $X in 2022 estimated in export price. In general, production saw a significant increase. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Turkey

In 2022, unsweetened condensed and evaporated milk exports from Turkey soared to X tons, growing by X% compared with 2021 figures. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. Overall, total exports indicated a moderate 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 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), North Macedonia (X tons) and Libya (X tons) were the main destinations of unsweetened condensed and evaporated milk exports from Turkey, together comprising X% of total exports. Germany, Cyprus, the United States, the United Arab Emirates and Azerbaijan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X.6%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X.7% per year) and North Macedonia (X.2% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to North Macedonia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Turkey

In 2022, the amount of condensed or evaporated milk (unsweetened) imported into Turkey soared to X tons, picking up by X% compared with 2021. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2022. In general, imports posted a slight increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Turkey, accounting for a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold.

From 2015 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Turkey, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports.

From 2015 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2015 to 2022: its price increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unsweetened condensed and evaporated milk import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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