Turkey: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Turkey

The Turkish tomato ketchup market dropped to $X in 2022, which is down by -14.7% against the previous year. Over the period under review, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Tomato Ketchup Production in Turkey

In value terms, tomato ketchup production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 84% against the previous year. Tomato ketchup production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tomato Ketchup Exports

Exports from Turkey

In 2022, exports of tomato ketchup and tomato sauces from Turkey amounted to X tons, increasing by 13% against the previous year's figure. In general, exports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 with an increase of 17%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible shrinkage. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main destinations of tomato ketchup exports from Turkey, together accounting for 36% of total exports. Iraq, Georgia, Syrian Arab Republic, Cyprus, Azerbaijan, the UK, Denmark, Finland, Sweden and Angola lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for tomato ketchup exported from Turkey worldwide, together comprising 34% of total exports. Iraq, Georgia, the UK, Azerbaijan, Cyprus, Syrian Arab Republic, Angola, Sweden, Denmark and Finland lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Angola, with a CAGR of +70.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($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 Angola (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Turkey

In 2022, tomato ketchup imports into Turkey skyrocketed to X tons, jumping by 37% compared with the year before. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 54%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tomato ketchup imports stood at $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.3% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of tomato ketchup to Turkey, with a 83% share of total imports. Moreover, tomato ketchup imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Egypt (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+18.4% per year) and Italy (+2.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Turkey, comprising 68% of total imports. The second position in the ranking was held by Egypt ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+17.6% per year) and Italy (-0.5% per year).

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, declining by -23.5% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 8.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :