Turkey: Vinegar Market 2024

Vinegar Market Size in Turkey

The Turkish vinegar market expanded to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Vinegar Production in Turkey

In value terms, vinegar production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Vinegar Exports

Exports from Turkey

In 2023, approx. X tons of vinegar were exported from Turkey; with a decrease of X% against the previous year. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, vinegar exports shrank to $X in 2023. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Germany (X tons) and Iraq (X tons) were the main destinations of vinegar exports from Turkey, together accounting for X% of total exports. The UK, Georgia, Cyprus, Azerbaijan, the United States, Libya, Syrian Arab Republic, Qatar, the Netherlands and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and Cyprus ($X) constituted the largest markets for vinegar exported from Turkey worldwide, together accounting for X% of total exports. Iraq, the UK, Azerbaijan, Georgia, the United States, the Netherlands, Libya, Syrian Arab Republic, Sweden and Qatar lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average vinegar export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into Turkey

In 2023, overseas purchases of vinegar were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, vinegar imports surged to $X in 2023. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Greece (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of vinegar imports to Turkey, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar suppliers to Turkey were Italy ($X), Greece ($X) and the UK ($X), with a combined X% share of total imports.

Greece, with a CAGR of X%, saw 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 2023, the average vinegar import price amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform