Turkey: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Turkey

The Turkish market for crispbread, rusks and toasted bread amounted to $X in 2023, approximately equating the previous year. Overall, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Turkey

In value terms, crispbread, rusk and toasted bread production stood at $X in 2023 estimated in export price. Over the period under review, production showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

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Exports of Crispbread, Rusks and Toasted Bread

Exports from Turkey

For the fifth consecutive year, Turkey recorded growth in overseas shipments of crispbread, rusks and toasted bread, which increased by X% to X tons in 2023. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, crispbread, rusk and toasted bread exports skyrocketed to $X in 2023. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for crispbread, rusk and toasted bread exports from Turkey, accounting for a X% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Serbia (X% per year).

In value terms, Germany ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Turkey

In 2023, the amount of crispbread, rusks and toasted bread imported into Turkey surged to X tons, jumping by X% against the year before. Overall, imports posted slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread imports soared to $X in 2023. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Turkey, accounting for a X% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the UK (X% per year).

In value terms, Germany ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Turkey, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the UK (X% per year).

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2023, surging by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crispbread, rusk and toasted bread import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform