Turkey: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Turkey

The Turkish chocolate bar with filling market dropped notably to $X in 2021, declining by -22.5% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars With Fillings in Turkey

In value terms, chocolate bar with filling production surged to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 93% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Turkey

Chocolate bar with filling exports from Turkey surged to X tons in 2021, picking up by 141% on the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling exports soared to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for chocolate bar with filling exports from Turkey, accounting for a 26% share of total exports. Moreover, chocolate bar with filling exports to Iraq exceeded the volume sent to the second major destination, the United States (X tons), threefold. Venezuela (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+74.9% per year) and Venezuela (+53.1% per year).

In value terms, the largest markets for chocolate bar with filling exported from Turkey were Iraq ($X), the United States ($X) and Belgium ($X), together accounting for 46% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +91.9%, 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

The average chocolate bar with filling export price stood at $X per ton in 2021, with an increase of 4.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 10%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Turkey

In 2021, purchases abroad of chocolate bars with fillings increased by 149% to X tons, rising for the third year in a row after three years of decline. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports soared to $X in 2021. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of chocolate bar with filling imports to Turkey, with a combined 78% share of total imports. Austria, Poland, Romania and Bulgaria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +208.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the largest chocolate bar with filling suppliers to Turkey, with a combined 74% share of total imports. Poland, Austria, Romania and Bulgaria lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Romania, with a CAGR of +211.9%, saw 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

The average chocolate bar with filling import price stood at $X per ton in 2021, with an increase of 4.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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