Turkey: Brewing Dregs Market 2024

Brewing Dregs Market Size in Turkey

In 2022, the Turkish brewing dregs market decreased by -32.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Brewing Dregs Production in Turkey

In value terms, brewing dregs production fell markedly to $X in 2022 estimated in export price. Overall, production saw a significant curtailment. The most prominent rate of growth was recorded in 2014 with a decrease of -7.6%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Brewing Dregs Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in shipments abroad of brewing or distilling dregs and waste, when their volume decreased by -23.8% to X tons. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 174% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, brewing dregs exports contracted modestly to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 184% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for brewing dregs exports from Turkey, accounting for a 93% share of total exports. Moreover, brewing dregs exports to Cyprus exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to Cyprus stood at +24.5%.

In value terms, Cyprus ($X) remains the key foreign market for brewing or distilling dregs and waste exports from Turkey, comprising 94% of total exports. The second position in the ranking was held by Iraq ($X), with a 5.6% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Cyprus totaled +35.9%.

Export Prices by Country

In 2022, the average brewing dregs export price amounted to $X per ton, picking up by 27% against the previous year. Over the period under review, export price indicated a strong increase from 2015 to 2022: its price increased at an average annual rate of +8.7% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs export price increased by +54.2% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Iraq totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+43.2%).

Brewing Dregs Imports

Imports into Turkey

After two years of growth, purchases abroad of brewing or distilling dregs and waste decreased by -40.4% to X tons in 2022. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 86% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, brewing dregs imports shrank rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2013 with an increase of 119%. Imports peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest brewing dregs supplier to Turkey, with a 69% share of total imports. Moreover, brewing dregs imports from the United States exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. Bulgaria (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+12.1% per year) and Bulgaria (+4.2% per year).

In value terms, the United States ($X) constituted the largest supplier of brewing or distilling dregs and waste to Turkey, comprising 70% of total imports. The second position in the ranking was taken by Russia ($X), with a 13% share of total imports. It was followed by Bulgaria, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+15.7% per year) and Bulgaria (+6.0% per year).

Import Prices by Country

In 2022, the average brewing dregs import price amounted to $X per ton, rising by 20% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs import price increased by +55.0% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and Hungary ($X per ton), while the price for Paraguay ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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