Turkey: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Turkey

The Turkish mineral or aerated water market shrank to $X in 2022, waning by -9.1% against the previous year. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Mineral or Aerated Waters in Turkey

In value terms, mineral or aerated water production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 89%. Mineral or aerated water production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Turkey

In 2022, overseas shipments of mineral or aerated waters increased by 17% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 80%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, mineral or aerated water exports skyrocketed to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Cyprus (X tons) and Germany (X tons) were the main destinations of mineral or aerated water exports from Turkey, together comprising 72% of total exports. Israel, Belgium, the Netherlands, Austria, Iraq and the United Arab Emirates lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mineral or aerated water exported from Turkey were Israel ($X), the UK ($X) and Cyprus ($X), together accounting for 52% of total exports. Germany, the Netherlands, Belgium, Iraq, Austria and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Austria, with a CAGR of +29.2%, 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 mineral or aerated water export price stood at $X per ton in 2022, growing by 4.5% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2020 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to the UK ($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 Israel (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Turkey

In 2022, approx. X tons of mineral or aerated waters were imported into Turkey; picking up by 35% compared with 2021. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 89%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mineral or aerated water imports soared to $X in 2022. Overall, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of mineral or aerated water to Turkey, accounting for a 69% share of total imports. Moreover, mineral or aerated water imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Georgia (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.0% per year) and Georgia (+3.0% per year).

In value terms, Italy ($X) constituted the largest supplier of mineral or aerated waters to Turkey, comprising 71% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by Georgia, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.2% per year) and Georgia (+3.2% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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