CoronaVirus continues to affect the whole world. While China’s production is severely damaged, Turkey aims to be an alternative to China in many sectors. Turkey continues to meet the increase in demand in many sectors such as the food, medical, textile, etc.
While the demands for nutrition are increasing worldwide, the consumption for wafers, chocolate, and confectionery products increases accordingly.
It is also known that the prices of biscuits and wafers, their widespread availability are positively correlated with their consumption.
I will analyze the impact of the CoronaVirus pandemic on Turkey’s wafer exports in this article. For this, I will identify Turkey’s partners in wafer export. Then, I will examine the data of the last three months when the CoronaVirus effect started to be seen for these countries.
Turkey’s wafer export data for the last 5 years was obtained from Trade Map to show Turkey’s export partners and the export changes and it is given in Graph 1.
According to data obtained from Trade Map, Iraq, Saudi Arabia, Libya, Israel, and Yemen are collaborative partners that export from Turkey for wafer. Iraq ranked first with $ 130.7 million. It is observed that Iraq increases its export rate of this product year after year.
I will compare the monthly data of the 3 important countries that I have identified with the data from the previous year for the last 3 months.
As seen in Table 1; Iraq, Saudi Arabia and Israel are the most important partners that export from Turkey for wafer. Since, Israel had different preferences among the countries in the same geography, I considered this country among the important countries.
Comparing the December 2018 data with the December 2019 data, it is seen that the export of wafers worldwide has increased $ 6.3 million. Similarly, comparing December 2018 data with December 2019 data for Iraq, it is seen that wafer exports increased by $ 2.5 million. When Saudi Arabia and Israel export data are examined, it is seen that there is a decline for wafer exports in December 2019.
When comparing the January 2020 data with the January 2019 data, it is seen that the export of wafers worldwide has decreased by $ 905 thousand. It can be said that CoronaVirus has started to affect export of wafers. Especially for Iraq, comparing January of 2020 data with the January of 2019 data, it is seen that wafer exports decreased by $ 1.5 million. It can be said that CoronaVirus has started to affect export of wafers. In Saudi Arabia, there is an increase of $ 1 million for wafers export. Israel’s wafer export has remained almost the same for both years.
Analyzing data of February 2019 and the data of February 2020, it is seen that the export of wafers has increased significantly by $ 5.2 million worldwide. Similarly, when comparing February 2019 data with February 2019 data for Iraq, it is seen that wafer exports increased by $ 2.7 million. Saudi Arabia’s wafer export has remained almost the same for both years. In Israel, there is an increase of $ 752 thousand for wafer export.
As a result, when we look at all the data, we observe that the wafer industry is not affected by the CoronaVirus epidemic. There can be a minor economic constriction in the wafer sector in the following months because these products cannot be included in the category of basic food. However, demand for these products is expected to increase as long as people stay at home.
Even if the CoronaVirus ends in a short time, the positive effect of this situation on the food industry is expected to continue for at least 6 months.