Turkey - Cereal Flours - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Export of Cereal Flour Decreases to $1.5 Billion in 2023
Turkey Cereal Flour Exports
In 2023, overseas shipments of cereal flours increased by 19% to 3.7M tons, rising for the third year in a row after four years of decline. In general, total exports indicated a resilient increase from 2013 to 2023: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +22.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.
In value terms, cereal flour exports dropped to $1.5B (IndexBox estimates) in 2023. Overall, total exports indicated a moderate increase from 2013 to 2023: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +55.1% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of 35%. As a result, the exports attained the peak of $1.5B, and then fell slightly in the following year.
| COUNTRY | Export Value of Cereal Flour in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Iraq | 469 | 477 | 445 | 494 | 583 | 528 | 461 | 445 | 481 | 613 | 552 |
| Syrian Arab Republic | 86.6 | 106 | 77.3 | 99.1 | 76.4 | 96.5 | 98.0 | 58.9 | 102 | 152 | 99.6 |
| Somalia | 7.1 | 2.9 | 1.3 | 15.6 | 26.4 | 21.5 | 27.7 | 31.0 | 27.7 | 56.8 | 95.3 |
| Djibouti | 7.0 | 8.9 | 8.3 | 7.2 | 7.7 | 9.5 | 10.5 | 14.1 | 64.8 | 24.8 | 91.6 |
| Venezuela | N/A | N/A | N/A | 0.2 | 13.0 | 9.4 | 31.9 | 56.3 | 47.1 | 90.1 | 89.0 |
| Sudan | 18.7 | 35.2 | 149 | 166 | 62.9 | 1.0 | 0.7 | 1.1 | 0.5 | 0.5 | 69.8 |
| Sri Lanka | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 | 2.2 | N/A | 63.7 | 59.1 |
| Yemen | 3.0 | 3.0 | 28.5 | 19.7 | 12.1 | 53.8 | 142 | 85.4 | 107 | 153 | 57.1 |
| Angola | 43.6 | 51.2 | 57.4 | 44.3 | 45.5 | 68.2 | 61.5 | 54.9 | 58.0 | 39.9 | 15.5 |
| Others | 314 | 255 | 216 | 237 | 234 | 227 | 223 | 208 | 225 | 313 | 356 |
| Total | 949 | 939 | 983 | 1,084 | 1,062 | 1,015 | 1,056 | 957 | 1,113 | 1,507 | 1,485 |
Exports by Country
Iraq (1.3M tons) was the main destination for cereal flour exports from Turkey, accounting for a 34% share of total exports. Moreover, cereal flour exports to Iraq exceeded the volume sent to the second major destination, Somalia (278K tons), fivefold. Syrian Arab Republic (273K tons) ranked third in terms of total exports with a 7.4% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Iraq amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+39.4% per year) and Syrian Arab Republic (+2.7% per year).
In value terms, Iraq ($552M) remains the key foreign market for cereal flours exports from Turkey, comprising 37% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($100M), with a 6.7% share of total exports. It was followed by Somalia, with a 6.4% share.
From 2013 to 2023, the average annual growth rate of value to Iraq amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+1.4% per year) and Somalia (+29.7% per year).
Export Prices by Country
In 2023, the cereal flour price amounted to $401 per ton (FOB, Turkey), declining by -17.3% against the previous year. In general, the export price saw a mild decline. The growth pace was the most rapid in 2022 an increase of 32% against the previous year. As a result, the export price attained the peak level of $485 per ton, and then contracted dramatically in the following year.
Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Venezuela ($449 per ton) and Iraq ($440 per ton), while the average price for exports to Somalia ($343 per ton) and Djibouti ($351 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cereal flour market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10612100 - Wheat or meslin flour
- Prodcom 10612200 - Cereal flours (excluding wheat or meslin)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
