Turkey - Frozen Fruits And Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Export of Frozen Fruits and Vegetables Surges Remarkably to $30M in July 2023
Turkey Frozen Fruits And Vegetables Exports
In July 2023, shipments abroad of frozen fruits and vegetables increased by 18% to 15K tons, rising for the second month in a row after two months of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when exports increased by 44% month-to-month. As a result, the exports attained the peak of 31K tons. From January 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, frozen fruits and vegetables exports totaled $30M (IndexBox estimates) in July 2023. Overall, exports continue to indicate modest growth. The pace of growth appeared the most rapid in August 2022 when exports increased by 44% m-o-m.
| COUNTRY | Export Value of Frozen Fruits And Vegetables in Turkey (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Russia | 5.9 | 10.4 | 13.5 | 12.7 | 12.3 | 27.3 | 3.1 | 2.7 | 3.3 | 3.1 | 3.1 | 6.6 | 4.6 |
| United States | 4.6 | 6.9 | 6.1 | 6.0 | 5.6 | 4.4 | 3.7 | 4.0 | 3.5 | 4.7 | 4.2 | 3.1 | 4.0 |
| United Kingdom | 1.7 | 3.3 | 3.1 | 3.5 | 2.6 | 1.7 | 2.4 | 3.0 | 3.3 | 3.1 | 4.0 | 3.7 | 3.2 |
| Germany | 2.6 | 2.9 | 2.8 | 1.7 | 1.9 | 2.1 | 2.5 | 2.3 | 2.2 | 1.7 | 1.9 | 2.2 | 2.9 |
| France | 1.5 | 1.6 | 1.3 | 1.4 | 1.1 | 1.2 | 1.2 | 0.9 | 1.3 | 1.1 | 1.8 | 1.5 | 1.6 |
| Netherlands | 0.7 | 0.8 | 0.7 | 0.9 | 1.2 | 0.8 | 0.8 | 1.1 | 1.1 | 1.5 | 1.1 | 0.7 | 1.3 |
| Belgium | 0.5 | 1.0 | 0.9 | 0.9 | 0.5 | 1.1 | 0.9 | 0.7 | 1.2 | 0.9 | 0.6 | 1.2 | 1.2 |
| Others | 8.5 | 10.6 | 10.5 | 9.7 | 11.8 | 14.3 | 7.4 | 6.7 | 10.2 | 8.9 | 7.7 | 7.0 | 10.8 |
| Total | 26.0 | 37.5 | 38.9 | 36.7 | 37.1 | 52.8 | 21.9 | 21.5 | 26.2 | 25.0 | 24.4 | 26.0 | 29.8 |
Exports by Country
Russia (3.2K tons) was the main destination for frozen fruits and vegetables exports from Turkey, accounting for a 21% share of total exports. Moreover, frozen fruits and vegetables exports to Russia exceeded the volume sent to the second major destination, Germany (1.6K tons), twofold. The third position in this ranking was held by the United States (1.3K tons), with an 8.3% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of volume to Russia totaled -2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+0.5% per month) and the United States (-2.7% per month).
In value terms, the largest markets for frozen fruits and vegetables exported from Turkey were Russia ($4.6M), the United States ($4M) and the UK ($3.2M), together accounting for 40% of total exports. These countries were followed by Germany, France, the Netherlands and Belgium, which together accounted for a further 24%.
Belgium, with a CAGR of +7.8%, saw 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.
Exports by Type
Frozen potatoes (5.9K tons), frozen vegetables other than potato and corn (5.4K tons) and frozen fruit and nuts (3.8K tons) were the main products of frozen fruits and vegetables exports from Turkey, with a combined 100% share of total exports.
From July 2022 to July 2023, the biggest increases were in frozen vegetables other than potato and corn (with a CAGR of +0.5%), while shipments for the other products experienced a decline.
In value terms, the most traded types of frozen fruits and vegetables in Turkey were frozen vegetables other than potato and corn ($11M), frozen fruit and nuts ($10M) and frozen potatoes ($8.5M), together comprising 100% of total exports.
In terms of the main product categories, frozen vegetables other than potato and corn, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In July 2023, the frozen fruits and vegetables price stood at $1,956 per ton (FOB, Turkey), which is down by -3% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in January 2023 an increase of 16% against the previous month. Over the period under review, the average export prices reached the maximum at $2,198 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($3,203 per ton), while the average price for exports to Cyprus ($1,217 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for frozen fruits and vegetables 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.
Product coverage:
- FCL 447 - Sweet Corn, Frozen
- FCL 473 - Vegetables, Frozen
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
