Turkey: Wine Market 2024

Wine Market Size in Turkey

The Turkish wine market fell to $X in 2022, declining by X% against the previous year. In general, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Turkey

In value terms, wine production fell notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Wine production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wine Exports

Exports from Turkey

In 2022, the amount of wine and grape must exported from Turkey skyrocketed to X litres, jumping by X% against 2021 figures. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. Over the period under review, the exports reached the peak figure at X litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wine exports soared to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X litres), Germany (X litres) and the UK (X litres) were the main destinations of wine exports from Turkey, with a combined X% share of total exports. Belgium, the Netherlands, Russia and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for wine exported from Turkey were Germany ($X), the UK ($X) and Cyprus ($X), with a combined X% share of total exports. The Netherlands, Belgium, the United States and Russia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw 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 wine export price stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per litre; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Belgium ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Turkey

In 2022, supplies from abroad of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wine imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X litres), France (X litres) and Moldova (X litres) were the main suppliers of wine imports to Turkey, with a combined X% share of total imports. Chile, Spain, Ukraine and Portugal lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wine suppliers to Turkey were France ($X), Italy ($X) and Moldova ($X), with a combined X% share of total imports.

Moldova, with a CAGR of X%, saw the highest growth rate of 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 wine import price amounted to $X per litre, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per litre in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Ukraine ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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