Turkey: Confectionery Market 2022

Confectionery Market Size in Turkey

In 2021, the turkish confectionery market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend.Overall, consumption saw a noticeable slump.As a result, consumption attained the peak level of $X. from 2018 to 2021, the growth of the market failed to regain momentum.

Confectionery Production in Turkey

In value terms, confectionery production shrank modestly to $X in 2021 estimated in export price.In general, production saw a pronounced contraction.The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year.As a result, production attained the peak level of $X. from 2018 to 2021, production growth remained at a somewhat lower figure.

Confectionery Exports

Exports from Turkey

In 2021, shipments abroad of confectionery increased by X% to X tons, rising for the fifth year in a row after two years of decline.Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 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.

In value terms, confectionery exports surged to $X in 2021.The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The united states (X tons), Iraq (X tons) and the UK (X tons) were the main destinations of confectionery exports from Turkey, with a combined X% share of total exports. These countries were followed by South Africa, Israel, Libya, Iran, the United Arab Emirates, Syrian Arab Republic, Germany, Lebanon, Russia and Azerbaijan, which together accounted for a further X 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Iraq ($X) and Libya ($X) were the largest markets for confectionery exported from Turkey worldwide, with a combined X% share of total exports. These countries were followed by the UK, Israel, Iran, Germany, the United Arab Emirates, South Africa, Russia, Lebanon, Azerbaijan and Syrian Arab Republic, which together accounted for a further X africa, with a cagr of +X%, recorded the highest growth rate of the value of exports, in terms of 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 confectionery export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Libya ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Confectionery Imports

Imports into Turkey

In 2021, approx. X tons of confectionery were imported into turkey; surging by X% against 2020 figures.Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, imports increased by +X% against 2012 indices.The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year.Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, confectionery imports rose sharply to $X in 2021.Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, imports increased by +X% against 2012 indices.The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year.Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The netherlands (X tons), Malaysia (X tons) and Bulgaria (X tons) were the main suppliers of confectionery imports to Turkey, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery suppliers to Turkey were the Netherlands ($X), Malaysia ($X) and Bulgaria ($X), together comprising X% of total imports.

Bulgaria, with a cagr of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average confectionery import price amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :