Turkey: Vinegar Market 2024

Vinegar Market Size in Turkey

In 2022, the Turkish vinegar market was finally on the rise to reach $X after two years of decline. In general, consumption, however, faced a abrupt curtailment. Vinegar consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vinegar Production in Turkey

In value terms, vinegar production rose significantly to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of X%. Vinegar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vinegar Exports

Exports from Turkey

In 2022, approx. X tons of vinegar were exported from Turkey; standing approx. at the year before. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, vinegar exports reached $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main destinations of vinegar exports from Turkey, together accounting for X% of total exports. Cyprus, Iraq, Azerbaijan, the UK, Georgia, Qatar, Syrian Arab Republic, Libya, Egypt and Jordan lagged somewhat behind, together comprising 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 Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinegar exported from Turkey were the United States ($X), Germany ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Cyprus, Azerbaijan, Iraq, the UK, Georgia, Egypt, Libya, Qatar, Jordan and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Qatar, with a CAGR of X%, recorded the highest growth rate of 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

The average vinegar export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 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 Egypt ($X per ton), while the average price for exports to Qatar ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into Turkey

In 2022, the amount of vinegar imported into Turkey stood at X tons, stabilizing at the previous year. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, vinegar imports contracted rapidly to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), the UK (X tons) and China (X tons) were the main suppliers of vinegar imports to Turkey, together comprising X% of total imports. Japan, the Netherlands, Germany and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), the Netherlands ($X) and the UK ($X) were the largest vinegar suppliers to Turkey, together accounting for X% of total imports. China, Spain, Japan and Germany lagged somewhat behind, together accounting for a further X%.

Japan, 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

The average vinegar import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.

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

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

Source: IndexBox Platform

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