Turkey: Gin And Geneva Market 2024

Gin And Geneva Market Size in Turkey

The Turkish gin and geneva market skyrocketed to $X in 2022, rising by 37% against the previous year. Overall, consumption posted prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Gin And Geneva Production in Turkey

In value terms, gin and geneva production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 94% against the previous year. Gin and geneva production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports from Turkey

In 2022, approx. X litres of gin and geneva were exported from Turkey; jumping by 105% compared with 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 484%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gin and geneva exports surged to $X in 2022. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 323%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X litres) was the main destination for gin and geneva exports from Turkey, accounting for a 54% share of total exports. Moreover, gin and geneva exports to Cyprus exceeded the volume sent to the second major destination, Lebanon (X litres), more than tenfold. The third position in this ranking was held by Germany (X litres), with a 3.9% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Cyprus amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Germany (+123.7% per year).

In value terms, Cyprus ($X) remains the key foreign market for gin and geneva exports from Turkey, comprising 44% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Germany, with a 5.9% share.

From 2015 to 2022, the average annual growth rate of value to Cyprus amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+54.6% per year) and Germany (+82.0% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, waning by -27.6% against the previous year. In general, the export price faced a deep slump. The growth pace was the most rapid in 2019 an increase of 106%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Lebanon ($X per litre) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-3.4%), while the prices for the other major destinations experienced a decline.

Gin And Geneva Imports

Imports into Turkey

Gin and geneva imports into Turkey surged to X litres in 2022, with an increase of 93% on the previous year's figure. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports soared to $X in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Turkey, with a 83% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X litres), more than tenfold. The third position in this ranking was taken by the Netherlands (X litres), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.4% per year) and the Netherlands (+41.6% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Turkey, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by Japan, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.9% per year) and Japan (+168.8% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, falling by -15.2% against the previous year. In general, the import price showed a mild reduction. The pace of growth was the most pronounced in 2013 an increase of 40%. Over the period under review, average import prices attained the peak figure at $X per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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