Turkey: Retail Foods Report
Fueled by increasing disposable income levels and a strong consumer demand, the Turkish retail sector grew 3.7% in 2013 and reached US$ 311 billion. The share of food in the total retail sector is 60% and the food retail sector is expected to grow 8% annually from 2014-2018. Even though the growth rate of the food retail has slowed since the second half of 2013 due to increasing political instability, it managed to sustain a 4.9% annual growth rate compared to 2012. Having registered US$ 165 billion in sales in 2013, the Turkish food sector imported US$5.9 billion and exported US$11.9 billion. The food sector attracted US$ 342 million in foreign investment the same year, as 13 new international companies entered the Turkish market.
