Turkey: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Turkey

In 2022, the Turkish vinegar-preserved vegetable market decreased by -54.3% to $X, falling for the third year in a row after six years of growth. Overall, consumption showed a precipitous decline. Vinegar-preserved vegetable consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vinegar-Preserved Vegetable Production in Turkey

In value terms, vinegar-preserved vegetable production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Turkey

In 2022, exports of vegetables in vinegar other than potatoes from Turkey amounted to X tons, surging by 4.9% on 2021 figures. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +100.7% against 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, vinegar-preserved vegetable exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +64.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for vinegar-preserved vegetable exports from Turkey, with a 26% share of total exports. Moreover, vinegar-preserved vegetable exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.5% per year) and the Netherlands (+1.7% per year).

In value terms, Germany ($X) remains the key foreign market for vegetables in vinegar other than potatoes exports from Turkey, comprising 26% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.2% per year) and the Netherlands (+0.2% per year).

Export Prices by Country

In 2022, the average vinegar-preserved vegetable export price amounted to $X per ton, rising by 4.9% against the previous year. Overall, the export price, however, saw a mild reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Greece ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Turkey

Vinegar-preserved vegetable imports into Turkey soared to X tons in 2022, increasing by 76% against 2021 figures. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinegar-preserved vegetable imports surged to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 81% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of vinegar-preserved vegetable imports to Turkey, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar-preserved vegetable suppliers to Turkey were the Netherlands ($X), Germany ($X) and China ($X), together comprising 73% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +55.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, with a decrease of -4% against the previous year. In general, the import price saw a mild contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 20%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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