Turkey: Fructose Market 2025

Fructose Market Size in Turkey

In 2021, the Turkish fructose market decreased by -13.2% to $X, falling for the eighth year in a row after two years of growth. Overall, consumption, however, saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Fructose Production in Turkey

In value terms, fructose production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7.7%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Fructose Exports

Exports from Turkey

In 2021, shipments abroad of fructose and fructose syrup increased by 178% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fructose exports soared to $X in 2021. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Indonesia (X tons) and Cameroon (X tons) were the main destinations of fructose exports from Turkey, with a combined 28% share of total exports. Germany, China, the United Arab Emirates, Italy, Russia, Ghana, Spain, the UK, Malaysia and Cote d'Ivoire lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +536.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fructose exported from Turkey were the Netherlands ($X), Indonesia ($X) and China ($X), with a combined 29% share of total exports. These countries were followed by Italy, Germany, Russia, the United Arab Emirates, the UK, Spain, Malaysia, Cameroon, Ghana and Cote d'Ivoire, which together accounted for a further 39%.

Cote d'Ivoire, with a CAGR of +452.2%, saw 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

In 2021, the average fructose export price amounted to $X per ton, waning by -6.1% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Cameroon ($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 the United Arab Emirates (-4.6%), while the prices for the other major destinations experienced a decline.

Fructose Imports

Imports into Turkey

In 2021, supplies from abroad of fructose and fructose syrup increased by 85% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of 95%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, fructose imports surged to $X in 2021. In general, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel (X tons), Canada (X tons) and France (X tons) were the main suppliers of fructose imports to Turkey, with a combined 59% share of total imports. These countries were followed by Belgium, Iran, Finland, Austria, Russia, Slovakia, the Netherlands, Germany, the UK and China, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +953.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Israel ($X) and France ($X) constituted the largest fructose suppliers to Turkey, together accounting for 57% of total imports. Austria, Belgium, Finland, the UK, the Netherlands, Iran, Russia, Germany, China and Slovakia lagged somewhat behind, together accounting for a further 31%.

Iran, with a CAGR of +1,709.1%, 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

The average fructose import price stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 77% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Austria ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+72.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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