Report Update Nov 1, 2024

Turkey - Inulin - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Inulin Market 2024

Inulin Market Size in Turkey

The Turkish inulin market skyrocketed to $X in 2021, growing by 85% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Inulin Exports

Exports from Turkey

Inulin exports from Turkey declined markedly to X kg in 2021, waning by -69.9% against the previous year's figure. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by 4,715%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, inulin exports reduced remarkably to $X in 2021. Overall, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 when exports increased by 5,957% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X kg) was the main destination for inulin exports from Turkey, with a 89% share of total exports. Moreover, inulin exports to Kuwait exceeded the volume sent to the second major destination, Azerbaijan (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-14.3% per year) and the Netherlands (0.0% per year).

In value terms, the largest markets for inulin exported from Turkey were Kuwait ($X), Azerbaijan ($X) and the Netherlands ($X), with a combined 95% share of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, waning by -9.5% against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 26%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Kuwait ($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 Azerbaijan (+31.7%).

Inulin Imports

Imports into Turkey

For the fourth year in a row, Turkey recorded growth in overseas purchases of inulin, which increased by 60% to X tons in 2021. In general, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inulin imports soared to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inulin to Turkey, with a 74% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), tenfold. China (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+1.4% per year) and China (+68.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Turkey, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Luxembourg, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.4% per year) and Luxembourg (+1.1% per year).

Import Prices by Country

In 2021, the average inulin import price amounted to $X per ton, with an increase of 18% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inulin in the world?

China constituted the country with the largest volume of inulin consumption, comprising approx. 31% of total volume. Moreover, inulin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the largest producers of inulin in the world?

The country with the largest volume of inulin production was China, comprising approx. 31% of total volume. Moreover, inulin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of inulin to Turkey?

In value terms, Belgium constituted the largest supplier of inulin to Turkey, comprising 76% of total imports. The second position in the ranking was occupied by China, with an 11% share of total imports. It was followed by Luxembourg, with a 6.7% share.

What are the leading importers of inulin from Turkey?

In value terms, the largest markets for inulin exported from Turkey were Kuwait $552), Azerbaijan $413) and the Netherlands $215), together accounting for 95% of total exports.

What is the average export price for inulin in Turkey?

In 2021, the average inulin export price amounted to $3,539 per ton, which is down by -28.5% against the previous year.

What is the average import price for inulin in Turkey?

In 2021, the average inulin import price amounted to $2,599 per ton, which is down by -12.7% against the previous year.

This report provides an in-depth analysis of the inulin market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621130 - Inulin

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023