Turkey: Sugar Crop Market 2024

Sugar Crop Market Size in Turkey

The Turkish sugar crop market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sugar Crop Production in Turkey

In value terms, sugar crop production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Sugar crop production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of sugar crops in Turkey rose slightly to X tons per ha in 2022, increasing by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average sugar crop yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar crops production in Turkey rose markedly to X ha, increasing by X% compared with 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to sugar crop production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Turkey

After two years of decline, overseas shipments of sugar crops increased by X% to X tons in 2022. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop exports soared to $X in 2022. In general, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons) was the main destination for sugar crop exports from Turkey, with a X% share of total exports. Moreover, sugar crop exports to Algeria exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Saudi Arabia (X% per year).

In value terms, Algeria ($X) remains the key foreign market for sugar crops exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Algeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price 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, sugar crop export price increased by X% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Syrian Arab Republic ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Turkey

In 2022, overseas purchases of sugar crops decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports contracted sharply to $X in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Cyprus (X tons), Lebanon (X tons) and Spain (X tons) were the main suppliers of sugar crop imports to Turkey, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Lebanon ($X) and Spain ($X) constituted the largest sugar crop suppliers to Turkey, with a combined X% share of total imports.

Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average sugar crop import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Lebanon ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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