Turkey - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights
Turkey: Wine Market 2023
Wine Market Size in Turkey
The Turkish wine market reduced to $X in 2022, which is down by -6.9% against the previous year. Overall, consumption, however, continues to indicate notable growth. Wine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Wine Production in Turkey
In value terms, wine production reduced notably to $X in 2022 estimated in export price. In general, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 106%. Wine production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Wine Exports
Exports from Turkey
Wine exports from Turkey surged to X litres in 2022, rising by 59% against the year before. Overall, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +79.0% against 2020 indices. The exports peaked at X litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, wine exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +98.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 60%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Exports by Country
Cyprus (X litres), Germany (X litres) and the UK (X litres) were the main destinations of wine exports from Turkey, together comprising 31% of total exports. Belgium, the Netherlands, Russia and the United States lagged somewhat behind, together accounting for a further 16%.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +66.8%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for wine exported from Turkey were Germany ($X), the UK ($X) and Cyprus ($X), together accounting for 31% of total exports. These countries were followed by the Netherlands, Belgium, the United States and Russia, which together accounted for a further 15%.
In terms of the main countries of destination, Russia, with a CAGR of +60.9%, saw 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 wine export price stood at $X per litre in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per litre; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Belgium ($X per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Wine Imports
Imports into Turkey
In 2022, supplies from abroad of wine and grape must increased by 40% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, wine imports surged to $X in 2022. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 106% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Imports by Country
Italy (X litres), France (X litres) and Moldova (X litres) were the main suppliers of wine imports to Turkey, together accounting for 36% of total imports. Chile, Spain, Ukraine and Portugal lagged somewhat behind, together comprising a further 9.2%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +58.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest wine suppliers to Turkey were France ($X), Italy ($X) and Moldova ($X), together comprising 41% of total imports.
Moldova, with a CAGR of +68.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average wine import price stood at $X per litre in 2022, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. Over the period under review, average import prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Ukraine ($X per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wine market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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