Cereals; Rye, Seed Price in Turkey - 2022

Contents:

  1. Cereals; Rye, Seed Price in Turkey (FOB) - 2022
  2. Cereals; Rye, Seed Price in Turkey (CIF) - 2022
  3. Cereals; Rye, Seed Exports in Turkey
  4. Cereals; Rye, Seed Imports in Turkey

Cereals; Rye, Seed Price in Turkey (FOB) - 2022

In 2022, the average cereals; rye, seed export price amounted to $2,500 per ton, flattening at the previous year. Over the period under review, the export price showed a strong increase. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. The export price peaked at $6,680 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($4,000 per ton), while the average price for exports to Portugal totaled $1,000 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+23.8%).

Cereals; Rye, Seed Price in Turkey (CIF) - 2022

In 2020, the average cereals; rye, seed import price amounted to $1,394 per ton, reducing by -90% against the previous year. Over the period under review, the import price showed a deep contraction. The import price peaked at $13,957 per ton in 2019, and then declined dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2020, the rate of growth in terms of prices for Germany amounted to -9.0% per year.

Cereals; Rye, Seed Exports in Turkey

After two years of decline, shipments abroad of cereals; rye, seeds decreased by 0% to 2 kg in 2022. Over the period under review, exports showed a significant contraction. The smallest decline of 99.9% was in 2020.

In value terms, cereals; rye, seed exports amounted to $5 in 2022. In general, exports saw a sharp reduction. The smallest decline of 99.9% was in 2020.

Export of Cereals; Rye, Seed in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PortugalN/AN/AN/AN/A0%
Nigeria6.7N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total6.7N/AN/AN/A0%

Top Export Markets for Cereals; Rye, Seed from Turkey in 2022:

  1. Nigeria (1.0 kg)
  2. Portugal (1.0 kg)

Cereals; Rye, Seed Imports in Turkey

In 2020, cereals; rye, seed imports into Turkey surged to 33 kg, rising by 43% compared with 2019 figures. In general, total imports indicated a significant expansion from 2019 to 2020: its volume increased at an average annual rate of +43.5% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereals; rye, seed imports declined markedly to $46 in 2020. Over the period under review, imports, however, recorded a sharp decline.

Import of Cereals; Rye, Seed in Turkey (USD)
COUNTRY20192020CAGR,
2019-2020
Germany35.023.0-34.3%
United States143N/A0%
Others14323.0-83.9%
Total32146.0-85.7%

Top Suppliers of Cereals; Rye, Seed to Turkey in 2022:

  1. Germany (8.0 kg)

Source: IndexBox Market Intelligence Platform

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