Turkey: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Turkey

After two years of decline, the Turkish market for chocolate bars with cereals, fruit or nuts increased by 492% to $X in 2022. Overall, consumption, however, showed a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Turkey

In value terms, production of chocolate bars with cereals, fruit or nuts shrank to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 151%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Turkey

Exports of chocolate bars with cereals, fruit or nuts from Turkey rose markedly to X tons in 2022, increasing by 13% on the year before. In general, exports saw temperate growth. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Over the period under review, exports saw a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 44%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Iraq (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Turkey, with a 23% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Iraq exceeded the volume sent to the second major destination, Lebanon (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+8.5% per year) and the United States (+28.3% per year).

In value terms, Iraq ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Turkey, comprising 22% of total exports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total exports. It was followed by Lebanon, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.8% per year) and Lebanon (+9.0% per year).

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, rising by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Congo ($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 Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Turkey

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts increased by 75% to X tons, rising for the fourth year in a row after three years of decline. In general, imports showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 83%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Switzerland (X tons) and Hungary (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Turkey, together accounting for 85% of total imports. Bulgaria, Poland, Austria, Belgium and Russia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Bulgaria ($X) constituted the largest cereal, fruit or nut chocolate bar suppliers to Turkey, together accounting for 82% of total imports. Poland, Hungary, Belgium, Austria and Russia lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Poland, with a CAGR of +27.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, declining by -8.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 Belgium ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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