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Turkey - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Apr 30, 2023

Turkey's Tomato Ketchup Price Jumps to $1,517 per Ton

Turkey Tomato Ketchup Export Price in January 2023

In January 2023, the tomato ketchup price amounted to $1,517 per ton (FOB, Turkey), growing by 9% against the previous month. Over the period under review, export price indicated a noticeable expansion from January 2022 to January 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, tomato ketchup export price increased by +68.5% against June 2022 indices. The growth pace was the most rapid in September 2022 an increase of 18% month-to-month. Over the period under review, the average export prices reached the peak figure in January 2023.

There were significant differences in the average prices for the major overseas markets. In January 2023, the country with the highest price was Germany ($2,190 per ton), while the average price for exports to Syrian Arab Republic ($926 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Tomato Ketchup in Turkey (USD per ton)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Germany1,4451,1389488217898638291,1041,4801,4541,6111,9892,190
Lebanon7108319309501,0809721,3277871,0261,2339271,4862,038
United States1,8131,4652,0391,4811,6271,987N/A1,5921,9071,8451,6422,0642,024
Cyprus9319811,0371,2861,1159741,0621,0291,1381,3301,5511,5601,495
Belgium8098067087238537688827776761,7431,0521,3451,483
Israel9031,0301,0691,4528251,1221,1081,0381,0471,5511,6601,4571,303
Switzerland8701,9638088059441,0638987741,2731,5771,3932,0931,297
Georgia6807658498006898739399671,2011,0411,1931,2191,278
Norway6861,4791,6001,5135946476266557271,9971,1851,2091,229
South Korea898898N/A1,1201,1201,120N/A1,1201,1201,1201,120N/A1,220
Netherlands7968448297829157997057857697871,2761,3481,198
Greece7408057475891,4015676045657111,5181,0052,8581,041
Syrian Arab Republic8477958658507986637356898877681,018983926
Average9769539729981,0069019189281,0911,1921,3581,3921,517

Turkey Tomato Ketchup Exports

In January 2023, the amount of tomato ketchup and tomato sauces exported from Turkey dropped to 1.8K tons, with a decrease of -8.9% against the month before. The total export volume increased at an average monthly rate of +2.0% over the period from January 2022 to January 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in August 2022 with an increase of 44% against the previous month. As a result, the exports attained the peak of 2.3K tons. From September 2022 to January 2023, the growth of the exports remained at a lower figure.

In value terms, tomato ketchup exports shrank slightly to $2.7M (IndexBox estimates) in January 2023. Overall, total exports indicated buoyant growth from January 2022 to January 2023: its value increased at an average monthly rate of +5.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, exports decreased by -4.2% against November 2022 indices. The most prominent rate of growth was recorded in August 2022 with an increase of 45% m-o-m.

Turkey Tomato Ketchup Exports by Country

Belgium (665 tons) was the main destination for tomato ketchup exports from Turkey, accounting for a 38% share of total exports. Moreover, tomato ketchup exports to Belgium exceeded the volume sent to the second major destination, Germany (129 tons), fivefold. The third position in this ranking was held by Switzerland (87 tons), with a 5% share.

From January 2022 to January 2023, the average monthly growth rate of volume to Belgium amounted to +8.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+0.7% per month) and Switzerland (+8.7% per month).

In value terms, Belgium ($986K) remains the key foreign market for tomato ketchup exports from Turkey, comprising 37% of total exports. The second position in the ranking was held by Germany ($282K), with an 11% share of total exports. It was followed by Lebanon, with a 6.6% share.

From January 2022 to January 2023, the average monthly growth rate of value to Belgium amounted to +14.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+4.2% per month) and Lebanon (+19.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup 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.

Product coverage:

  • Prodcom 10841230 - Tomato ketchup and other tomato sauces

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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