Turkey: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Turkey

In 2022, the Turkish spirits and liqueurs market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a tangible increase. Spirits and liqueurs consumption peaked in 2022 and is likely to continue growth in the immediate term.

Spirits And Liqueurs Production in Turkey

In value terms, spirits and liqueurs production reached $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Spirits and liqueurs production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Turkey

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second consecutive year after two years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, spirits and liqueurs exports surged to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X litres), Cyprus (X litres) and Iraq (X litres) were the main destinations of spirits and liqueurs exports from Turkey, with a combined X% share of total exports. The Netherlands, Bulgaria, the UK, Austria, France and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cyprus ($X) and Iraq ($X) appeared to be the largest markets for spirits and liqueurs exported from Turkey worldwide, together accounting for X% of total exports. The Netherlands, the UK, Bulgaria, Austria, France and Belgium lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

The average spirits and liqueurs export price stood at $X per litre in 2022, declining by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per litre in 2015; however, from 2016 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 France ($X per litre), while the average price for exports to Cyprus ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Turkey

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Turkey soared to X litres, picking up by X% on the previous year. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports soared to $X in 2022. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Turkey, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), sixfold. Mexico (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Turkey, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, dropping by X% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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