Turkey: Cream Fresh Market 2024

Cream Fresh Market Size in Turkey

The Turkish cream fresh market totaled $X in 2022, approximately equating the previous year. In general, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cream Fresh Production in Turkey

In value terms, cream fresh production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.7% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 88%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cream Fresh Exports

Exports from Turkey

Cream fresh exports from Turkey soared to X tons in 2022, rising by 22% compared with 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 114%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cream fresh exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 51% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for cream fresh exports from Turkey, accounting for a 35% share of total exports. Moreover, cream fresh exports to Iraq exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. The third position in this ranking was held by Azerbaijan (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (0.0% per year) and Azerbaijan (-1.0% per year).

In value terms, Iraq ($X) remains the key foreign market for cream fresh exports from Turkey, comprising 53% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 13% share of total exports. It was followed by Cyprus, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Iraq totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+8.4% per year) and Cyprus (-5.8% per year).

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, surging by 16% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price decreased by -1.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 79% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Georgia ($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 Azerbaijan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Turkey

In 2022, supplies from abroad of cream fresh was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 92% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cream fresh imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 78%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Cyprus (X tons), Austria (X tons) and Egypt (X tons) were the main suppliers of cream fresh imports to Turkey, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +161.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Turkey were Cyprus ($X), Austria ($X) and Egypt ($X), together accounting for 98% of total imports.

Austria, with a CAGR of +162.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 cream fresh import price amounted to $X per ton, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Egypt ($X per ton) and Austria ($X per ton), while the price for Germany ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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