Turkey: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Turkey

The Turkish sweet biscuit market declined notably to $X in 2021, waning by -34% against the previous year. Over the period under review, consumption continues to indicate a deep slump. Sweet biscuit consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Sweet Biscuit Production in Turkey

In value terms, sweet biscuit production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Sweet Biscuit Exports

Exports from Turkey

In 2021, exports of sweet biscuits from Turkey soared to X tons, rising by 46% compared with the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +123.2% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports surged to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.0% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for sweet biscuit exports from Turkey, with a 25% share of total exports. Moreover, sweet biscuit exports to Iraq exceeded the volume sent to the second major destination, Yemen (X tons), threefold. The third position in this ranking was taken by Oman (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+12.4% per year) and Oman (+65.7% per year).

In value terms, Iraq ($X) remains the key foreign market for sweet biscuits exports from Turkey, comprising 23% of total exports. The second position in the ranking was held by Yemen ($X), with a 7.3% share of total exports. It was followed by Saudi Arabia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+8.4% per year) and Saudi Arabia (+7.2% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, rising by 3.6% against the previous year. Over the period under review, the export price, however, showed a slight decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Oman ($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 UK (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Turkey

In 2021, supplies from abroad of sweet biscuits increased by 56% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 93%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, sweet biscuit imports soared to $X in 2021. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 89%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Ukraine (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of sweet biscuit imports to Turkey, together comprising 63% of total imports. Romania, Poland, the Netherlands, the Czech Republic, Germany, Sweden and Bulgaria lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +276.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Turkey were Ukraine ($X), Italy ($X) and Spain ($X), with a combined 57% share of total imports. These countries were followed by the Netherlands, Poland, the Czech Republic, Romania, Sweden, Germany and Bulgaria, which together accounted for a further 32%.

Among the main suppliers, Romania, with a CAGR of +192.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, growing by 5.3% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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