Price for Cereal Flours; Other than of Wheat or Meslin in Turkey - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Turkey (FOB) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in Turkey (CIF) - 2022
- Exports of Cereal Flours; Other than of Wheat or Meslin in Turkey
- Imports of Cereal Flours; Other than of Wheat or Meslin in Turkey
Price for Cereal Flours; Other than of Wheat or Meslin in Turkey (FOB) - 2023
In December 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $415 per ton, surging by 7.9% against the previous month. In general, the export price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in July 2023 an increase of 17% m-o-m. As a result, the export price attained the peak level of $510 per ton. From August 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Malaysia ($645 per ton), while the average price for exports to Syrian Arab Republic ($247 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+3.2%), while the prices for the other major destinations experienced a decline.
Price for Cereal Flours; Other than of Wheat or Meslin in Turkey (CIF) - 2022
In 2022, the average import price for cereal flours; other than of wheat or meslin amounted to $1,384 per ton, surging by 21% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, average import prices hit record highs at $3,519 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,125 per ton), while the price for France ($1,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flours; Other than of Wheat or Meslin in Turkey
In 2022, the amount of cereal flours; other than of wheat or meslin exported from Turkey expanded notably to 21K tons, picking up by 14% on 2021. The total export volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 32% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of cereal flours; other than of wheat or meslin skyrocketed to $9M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 348 | 1,556 | 976 | 1,573 | 65.3% |
| Iraq | 1,145 | 790 | 1,167 | 1,415 | 7.3% |
| Philippines | N/A | 539 | 1,074 | 1,140 | 45.4% |
| Syrian Arab Republic | 501 | 490 | 603 | 1,009 | 26.3% |
| Jordan | 318 | 315 | 303 | 758 | 33.6% |
| Lebanon | 642 | 523 | 545 | 740 | 4.8% |
| Malaysia | 38.4 | 94.3 | 345 | 523 | 138.8% |
| Yemen | 25.1 | 216 | 260 | 423 | 156.4% |
| Others | 1,574 | 1,745 | 1,224 | 1,380 | -4.3% |
| Total | 4,590 | 6,269 | 6,497 | 8,962 | 25.0% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Turkey in 2022:
- Iraq (4.6K tons)
- Angola (4.2K tons)
- Syrian Arab Republic (3.3K tons)
- Philippines (2.2K tons)
- Lebanon (1.8K tons)
- Jordan (1.2K tons)
- Malaysia (1.0K tons)
- Yemen (1.0K tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in Turkey
In 2022, overseas purchases of cereal flours; other than of wheat or meslin decreased by -45.1% to 120 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year.
In value terms, imports of cereal flours; other than of wheat or meslin contracted notably to $167K in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of $250K, and then declined markedly in the following year.
| Import of Cereal Flours; Other than of Wheat or Meslin in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.0 | 21.1 | 24.4 | 34.0 | 157.1% |
| Italy | 9.5 | 13.0 | 2.6 | 28.9 | 44.9% |
| Ukraine | 12.7 | 25.8 | 54.2 | 27.8 | 29.8% |
| Thailand | N/A | N/A | 10.2 | 25.6 | 151.0% |
| France | 28.4 | 21.5 | 21.9 | 17.2 | -15.4% |
| India | 4.8 | 12.2 | 13.9 | 15.0 | 46.2% |
| Finland | N/A | N/A | 9.6 | 11.4 | 18.8% |
| Belgium | 34.5 | 24.2 | 38.5 | 0.1 | -85.7% |
| Lebanon | N/A | N/A | 20.9 | N/A | 0% |
| Iraq | 14.6 | 19.5 | 38.4 | N/A | 62.2% |
| Others | 25.4 | 35.8 | 15.8 | 6.8 | -35.5% |
| Total | 132 | 173 | 250 | 167 | 8.2% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Turkey in 2022:
- Italy (26.0 tons)
- Germany (24.8 tons)
- Ukraine (22.7 tons)
- Thailand (19.1 tons)
- France (16.0 tons)
- Finland (5.3 tons)
- India (4.8 tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
