Turkey: Bottled Water Market 2024

Bottled Water Market Size in Turkey

The Turkish bottled water market dropped to $X in 2022, reducing by -7.8% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Bottled Water Production in Turkey

In value terms, bottled water production declined to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Bottled Water Exports

Exports from Turkey

Bottled water exports from Turkey reached X tons in 2022, leveling off at the previous year. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +4.9% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 22%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bottled water exports soared to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +35.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The UK (X tons), Germany (X tons) and Israel (X tons) were the main destinations of bottled water exports from Turkey, together comprising 67% of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Israel ($X) and Germany ($X) constituted the largest markets for bottled water exported from Turkey worldwide, together comprising 62% of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +24.5%, saw the highest growth rate of 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

In 2022, the average bottled water export price amounted to $X per ton, surging by 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Bottled Water Imports

Imports into Turkey

In 2022, the amount of bottled waters imported into Turkey soared to X tons, jumping by 26% compared with the year before. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 61%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports soared to $X in 2022. Over the period under review, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 71%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of bottled water to Turkey, with a 62% share of total imports. Moreover, bottled water imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Georgia (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.0% per year) and Georgia (+3.0% per year).

In value terms, Italy ($X) constituted the largest supplier of bottled waters to Turkey, comprising 59% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Fiji, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.2% per year) and Fiji (+31.0% per year).

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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