Turkey: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Turkey

In 2022, the Turkish market for powdered, evaporated and condensed milk decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Powdered, Evaporated And Condensed Milk in Turkey

In value terms, powdered, evaporated and condensed milk production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a notable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Turkey

In 2022, the amount of powdered, evaporated and condensed milk exported from Turkey shrank notably to X tons, waning by X% on 2021 figures. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, powdered, evaporated and condensed milk exports dropped modestly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Algeria (X tons), Egypt (X tons) and Bangladesh (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Turkey, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for powdered, evaporated and condensed milk exported from Turkey were Algeria ($X), Egypt ($X) and Bangladesh ($X), with a combined X% share of total exports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Cyprus ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Turkey

In 2022, the amount of powdered, evaporated and condensed milk imported into Turkey skyrocketed to X tons, with an increase of X% against the year before. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Iran (X tons) constituted the largest powdered, evaporated and condensed milk supplier to Turkey, accounting for a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from Iran exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and the Netherlands (X% per year).

In value terms, Iran ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Turkey, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and France (X% per year).

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 France ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :