Turkey: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Turkey

In 2021, the Turkish rusks and toasted bread market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Turkey

In value terms, rusks and toasted bread production surged to $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 635%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Turkey

For the third consecutive year, Turkey recorded growth in overseas shipments of rusks, toasted bread and similar toasted products, which increased by 13% to X tons in 2021. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, rusks and toasted bread exports expanded rapidly to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 35%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for rusks and toasted bread exports from Turkey, with a 40% share of total exports. Moreover, rusks and toasted bread exports to Germany exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The third position in this ranking was held by Serbia (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+13.2% per year) and Serbia (+65.0% per year).

In value terms, Germany ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Turkey, comprising 33% of total exports. The second position in the ranking was held by Iraq ($X), with a 9% share of total exports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+10.6% per year) and the United States (+15.0% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, dropping by -7.1% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Serbia ($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 the United Arab Emirates (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Turkey

After two years of growth, overseas purchases of rusks, toasted bread and similar toasted products decreased by -20.2% to X tons in 2021. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 118%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, rusks and toasted bread imports surged to $X in 2021. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 97%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Greece (X tons), Bulgaria (X tons) and the Netherlands (X tons) were the main suppliers of rusks and toasted bread imports to Turkey, together comprising 79% of total imports. These countries were followed by Germany, Italy, Russia, the UK, Sweden, Finland and Poland, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +11,777.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and Greece ($X) appeared to be the largest rusks and toasted bread suppliers to Turkey, together accounting for 70% of total imports. These countries were followed by Italy, the Netherlands, the UK, Finland, Sweden, Russia and Poland, which together accounted for a further 29%.

Russia, with a CAGR of +8,490.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, increasing by 55% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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