Sugar Market Overview in Turkey
In value terms, sugar production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
The average yield of sugar in Turkey stood at kg per ha in 2019, leveling off at 2018. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of sugar were harvested in Turkey; standing approx. at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.
The size of the sugar market in Turkey rose to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.