Turkey: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Turkey

In 2022, the Turkish market for powdered, evaporated and condensed milk decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Turkey

In value terms, powdered, evaporated and condensed milk production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a temperate increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Powdered, evaporated and condensed milk production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Turkey

In 2022, approx. X tons of powdered, evaporated and condensed milk were exported from Turkey; with a decrease of X% compared with 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, powdered, evaporated and condensed milk exports reduced to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Algeria (X tons), Egypt (X tons) and Bangladesh (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Turkey, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Egypt ($X) and Bangladesh ($X) constituted the largest markets for powdered, evaporated and condensed milk exported from Turkey worldwide, with a combined X% share of total exports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Cyprus ($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 Venezuela (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Turkey

In 2022, the amount of powdered, evaporated and condensed milk imported into Turkey surged to X tons, jumping by X% compared with 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of powdered, evaporated and condensed milk to Turkey, accounting for a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from Iran exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and the Netherlands (X% per year).

In value terms, Iran ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Turkey, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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