Turkey: Yoghurt Market 2024

Yoghurt Market Size in Turkey

The Turkish yoghurt market expanded rapidly to $X in 2022, with an increase of 7.9% against the previous year. Over the period under review, consumption continues to indicate a significant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Yoghurt Production in Turkey

In value terms, yoghurt production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 36% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports from Turkey

Yoghurt exports from Turkey declined rapidly to X tons in 2022, with a decrease of -15.8% against the previous year's figure. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 124% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, yoghurt exports contracted to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 262% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Libya (X tons) and Iraq (X tons) were the main destinations of yoghurt exports from Turkey, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of +34.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for yoghurt exported from Turkey were Georgia ($X), Libya ($X) and the United Arab Emirates ($X), with a combined 54% share of total exports.

Libya, with a CAGR of +31.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, picking up by 6.5% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($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 Free Zones (+23.8%), while the prices for the other major destinations experienced a decline.

Yoghurt Imports

Imports into Turkey

After three years of growth, supplies from abroad of yoghurt decreased by -3.8% to X tons in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 25,918% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, yoghurt imports declined to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 23,562% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of yoghurt to Turkey, with a 66% share of total imports. Moreover, yoghurt imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +96.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+28.4% per year) and the Netherlands (+27.0% per year).

In value terms, Germany ($X) constituted the largest supplier of yoghurt to Turkey, comprising 86% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +82.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.7% per year) and Switzerland (-6.4% per year).

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, waning by -8.7% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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