Turkey: Market for Cocoa Powder (Containing Added Sugar) 2025

Market Size for Cocoa Powder (Containing Added Sugar) in Turkey

The Turkish cocoa powder with sugar market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a relatively flat trend pattern. Cocoa powder with sugar consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Turkey

In value terms, cocoa powder with sugar production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Turkey

In 2021, shipments abroad of cocoa powder (containing added sugar) increased by 4.9% to X tons, rising for the third consecutive year after four years of decline. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 122%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports expanded significantly to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 103%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Oman (X tons) and Libya (X tons) were the main destinations of cocoa powder with sugar exports from Turkey, with a combined 93% share of total exports. Australia, Iraq, Georgia, Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further 4.4%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +126.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Turkey, comprising 59% of total exports. The second position in the ranking was taken by Oman ($X), with a 20% share of total exports. It was followed by Libya, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +83.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+16.7% per year) and Libya (+51.7% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, growing by 2.3% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar export price decreased by -6.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. 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 Georgia ($X per ton), while the average price for exports to Oman ($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 Uzbekistan (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Turkey

In 2021, cocoa powder with sugar imports into Turkey dropped sharply to X tons, shrinking by -82% on the previous year. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 2,100%. As a result, imports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, cocoa powder with sugar imports declined markedly to $X in 2021. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,473%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Iraq (X tons), Malaysia (X tons) and Germany (X kg) were the main suppliers of cocoa powder with sugar imports to Turkey, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Malaysia ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Turkey, comprising 53% of total imports. The second position in the ranking was held by Iraq ($X), with a 26% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (0.0% per year) and Germany (-17.4% per year).

Import Prices by Country

In 2021, the average cocoa powder with sugar import price amounted to $X per ton, rising by 3.3% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2015 when the average import price increased by 83% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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