Turkey: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Turkey

The Turkish market for malt extract and food preparations of flour, meal, and starches reduced remarkably to $X in 2022, waning by -93.2% 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). In general, consumption faced a dramatic downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Turkey

In 2022, exports of malt extract and food preparations of flour, meal, and starches from Turkey soared to X tons, jumping by 81% compared with 2021. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 84% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 94% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Pakistan (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Turkey, accounting for a 35% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Pakistan exceeded the volume sent to the second major destination, Iraq (X tons), twofold. The third position in this ranking was taken by Cote d'Ivoire (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Pakistan stood at +400.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+12.5% per year) and Cote d'Ivoire (+237.0% per year).

In value terms, Pakistan ($X), Iraq ($X) and Syrian Arab Republic ($X) constituted the largest markets for malt extract and food preparations of flour, meal, and starch exported from Turkey worldwide, with a combined 49% share of total exports.

Pakistan, with a CAGR of +360.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, shrinking by -11.4% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 7.7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Germany (-2.4%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Turkey

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were imported into Turkey; dropping by -13.4% against 2021 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches rose slightly to $X in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 43%. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Turkey, with a combined 45% share of total imports. France, Poland, Italy, Spain, the Netherlands, Slovakia, Belarus, Finland, India and Switzerland lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +730.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Turkey were the UK ($X), Belgium ($X) and Germany ($X), with a combined 47% share of total imports. France, Spain, Poland, Italy, the Netherlands, Slovakia, Belarus, Finland, India and Switzerland lagged somewhat behind, together comprising a further 48%.

Finland, with a CAGR of +621.3%, saw the highest growth rate of 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 import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, jumping by 19% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :