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Turkey - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Turkey Skyrocket 28%, Averaging $2,258 per Ton
Turkey Coconut Oil Import Price in January 2023
In January 2023, the coconut oil price amounted to $2,258 per ton (CIF, Turkey), rising by 28% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $2,435 per ton in August 2022; however, from September 2022 to January 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,241 per ton), while the price for Malaysia stood at $950 per ton.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced a decline.
COUNTRY | Import Price of Coconut Oil in Turkey (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
France | 2,042 | 2,467 | 2,324 | 2,493 | 2,323 | 2,422 | 3,009 | 25,469 | 2,511 | 2,311 | 2,403 | 2,309 | 2,241 |
Malaysia | 2,095 | 1,886 | 1,703 | 1,660 | 2,124 | 1,658 | 2,294 | 2,325 | 1,974 | 1,608 | N/A | 1,686 | 950 |
Indonesia | 2,483 | 2,498 | 2,424 | N/A | 2,236 | 2,252 | 2,453 | 2,223 | 1,644 | N/A | 1,097 | 2,303 | N/A |
Average | 2,283 | 1,953 | 1,872 | 1,816 | 2,166 | 2,105 | 2,337 | 2,435 | 1,934 | 1,679 | 1,389 | 1,759 | 2,258 |
Turkey Coconut Oil Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was refined coconut (copra) oil ($2,258 per ton), while the price for crude coconut (copra) oil totaled $1,333 per ton.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by refined coconut oil (+0.4%).
Turkey Coconut Oil Imports
Coconut oil imports into Turkey shrank rapidly to 109 tons in January 2023, waning by -95.2% on December 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in February 2022 when imports increased by 752% month-to-month.
In value terms, coconut oil imports contracted significantly to $246K (IndexBox estimates) in January 2023. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in May 2022 with an increase of 734% against the previous month. As a result, imports attained the peak of $9.2M. From June 2022 to January 2023, the growth of imports failed to regain momentum.
Turkey Coconut Oil Imports by Type
In January 2023, refined coconut (copra) oil (109 tons) was the main type of coconut oil supplied to Turkey, with a 99.9% share of total imports. It was followed by crude coconut (copra) oil (3 kg), with less than 0.1% share of total imports.
From January 2022 to January 2023, the average monthly growth rate of the volume of import of refined coconut (copra) oil totaled -10.4%.
In value terms, refined coconut (copra) oil ($246K) constituted the largest type of coconut oil supplied to Turkey, comprising 99.9% of total imports. The second position in the ranking was held by crude coconut (copra) oil ($4), with less than 0.1% share of total imports.
Turkey Coconut Oil Imports by Country
In January 2023, France (106 tons) was the main coconut oil supplier to Turkey, accounting for a 98% share of total imports. It was followed by Malaysia (20 kg), with less than 0.1% share of total imports.
From January 2022 to January 2023, the average monthly growth rate of volume from France totaled -6.3%.
In value terms, France ($238K) constituted the largest supplier of coconut oil to Turkey, comprising 97% of total imports. The second position in the ranking was held by Malaysia ($19), with less than 0.1% share of total imports.
From January 2022 to January 2023, the average monthly rate of growth in terms of value from France totaled -5.5%.
This report provides an in-depth analysis of the coconut oil 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:
- FCL 252 - Oil of Coconuts
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