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Turkey - Potato Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotato Starch Price in Turkey - 2023
Contents:
- Potato Starch Price in Turkey (CIF) - 2023
- Potato Starch Price in Turkey (FOB) - 2022
- Potato Starch Imports in Turkey
- Potato Starch Exports in Turkey
Potato Starch Price in Turkey (CIF) - 2023
The average potato starch import price stood at $1,186 per ton in July 2023, standing approximately at the previous month. Over the period under review, import price indicated a pronounced increase from July 2022 to July 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, potato starch import price decreased by -4.8% against May 2023 indices. The growth pace was the most rapid in November 2022 when the average import price increased by 22% month-to-month. The import price peaked at $1,245 per ton in May 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1,414 per ton), while the price for Germany ($639 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Potato Starch Price in Turkey (FOB) - 2022
In 2022, the average potato starch export price amounted to $1,125 per ton, jumping by 53% against the previous year. Over the period under review, the export price enjoyed a modest increase. The pace of growth appeared the most rapid in 2013 an increase of 65%. The export price peaked at $1,694 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($3,550 per ton), while the average price for exports to Russia ($931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+73.7%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Starch Imports in Turkey
Potato starch imports into Turkey surged to 17K tons in 2022, rising by 86% compared with the year before. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, potato starch imports surged to $13M in 2022. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Potato Starch in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 3.2 | 3.1 | 2.7 | 5.1 | 16.8% |
Denmark | 1.1 | 1.1 | 0.9 | 3.5 | 47.1% |
Poland | 0.1 | 0.1 | 0.2 | 1.8 | 162.1% |
France | 2.1 | 1.2 | 1.6 | 1.4 | -12.6% |
Germany | 1.0 | 1.1 | 0.6 | 0.5 | -20.6% |
Iran | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
Others | 0.6 | 0.2 | 0.2 | 0.3 | -20.6% |
Total | 8.4 | 6.8 | 6.2 | 12.7 | 14.8% |
Top Suppliers of Potato Starch to Turkey in 2022:
- Netherlands (6.7K tons)
- Denmark (4.9K tons)
- Poland (1.9K tons)
- France (1.9K tons)
- Germany (0.8K tons)
- Iran (0.3K tons)
Potato Starch Exports in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of potato starch, when their volume decreased by -48.3% to 335 tons. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 814%.
In value terms, potato starch exports contracted remarkably to $377K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 360%.
Export of Potato Starch in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | N/A | 236 | 0% |
Iraq | 9.5 | 21.1 | 19.0 | 44.1 | 66.8% |
Tunisia | N/A | N/A | 0.2 | 25.9 | 12850.0% |
Cyprus | 7.0 | 8.0 | 21.6 | 19.5 | 40.7% |
Ethiopia | N/A | 9.3 | 15.3 | 15.4 | 28.7% |
Qatar | N/A | N/A | N/A | 9.1 | 0% |
Iran | 57.2 | N/A | N/A | 3.5 | -60.6% |
China | N/A | 308 | 403 | N/A | 30.8% |
Others | 6.7 | 23.3 | 18.4 | 22.9 | 50.6% |
Total | 80.4 | 370 | 477 | 377 | 67.4% |
Top Export Markets for Potato Starch from Turkey in 2022:
- China (undefined tons)
- Russia (254.0 tons)
- Iraq (21.6 tons)
- Tunisia (17.6 tons)
- Cyprus (12.4 tons)
- Ethiopia (9.0 tons)
- Qatar (8.3 tons)
- Iran (1.0 tons)
This report provides an in-depth analysis of the potato starch 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 10621115 - Potato starch
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
-
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
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During the review period, imports of Wheat Starch reached a record high of 14K tons in 2020. However, from 2021 to 2023, imports saw a slight decrease. In terms of value, wheat starch imports fell to $6.2M in 2023.
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