Report Update Nov 1, 2024

Turkey - Sugars, Sugar Ethers and Salts - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Sugars Market 2024

Sugars Market Size in Turkey

In 2021, the Turkish sugars market increased by 37% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, continues to indicate a slight contraction. Sugars consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugars Production in Turkey

In value terms, sugars production contracted slightly to $X in 2021 estimated in export price. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26%. Sugars production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Sugars Exports

Exports from Turkey

In 2021, the amount of sugars, sugar ethers and salts exported from Turkey soared to X tons, with an increase of 1,222% against the previous year. In general, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 1,356%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, sugars exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 817%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for sugars exports from Turkey, with a 63% share of total exports. Moreover, sugars exports to Italy exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by Iraq (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +277,289.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+840.8% per year) and Iraq (+189.6% per year).

In value terms, Italy ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from Turkey, comprising 60% of total exports. The second position in the ranking was held by Iraq ($X), with a 16% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +66,443.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+145.2% per year) and Mexico (+998.9% per year).

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, waning by -45.7% against the previous year. Over the period under review, the export price, however, posted moderate growth. The growth pace was the most rapid in 2016 an increase of 334% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Costa Rica ($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 Mexico (+16.8%), while the prices for the other major destinations experienced a decline.

Sugars Imports

Imports into Turkey

In 2021, supplies from abroad of sugars, sugar ethers and salts increased by 120% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports surged to $X in 2021. Over the period under review, imports saw pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of sugars imports to Turkey, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Japan ($X) constituted the largest sugars suppliers to Turkey, together accounting for 61% of total imports.

China, with a CAGR of +20.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sugars import price stood at $X per ton in 2021, dropping by -8.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 15%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 41% share of global consumption. Japan, Brazil, Spain, Germany, Switzerland, Indonesia, Poland, Russia, the Philippines and South Korea lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together accounting for 49% of global production. These countries were followed by Thailand, India, Indonesia, France, Austria, Brazil, South Africa, the Philippines and the UK, which together accounted for a further 39%.

What are the leading suppliers of sugars, sugar ethers and salts to Turkey?

In value terms, the largest sugars suppliers to Turkey were Germany, China and Japan, together comprising 61% of total imports.

What are the leading importers of sugars, sugar ethers and salts from Turkey?

In value terms, Italy remains the key foreign market for sugars exports from Turkey, comprising 62% of total exports. The second position in the ranking was occupied by Mexico, with a 13% share of total exports.

What is the average export price for sugars, sugar ethers and salts in Turkey?

The average sugars export price stood at $1,083 per ton in 2021, with a decrease of -93% against the previous year.

What is the average import price for sugars, sugar ethers and salts in Turkey?

The average sugars import price stood at $3,340 per ton in 2021, declining by -5.7% against the previous year.

This report provides an in-depth analysis of the sugars market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21104000 - Sugars, pure (excluding glucose, etc.), sugar ethers and salts, etc.

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023