Price for Cereals; Rye, Other than Seed in Turkey - 2023

Contents:

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

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

In February 2022, the average import price for cereals; rye, other than seeds amounted to $286 per ton, rising by 5.4% against the previous month. Over the last five-month period, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in November 2021 an increase of 6.6% m-o-m. The import price peaked in February 2022.

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

From September 2021 to February 2022, the rate of growth in terms of prices for Ukraine amounted to +2.3% per month.

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

The average export price for cereals; rye, other than seeds stood at $795 per ton in 2022, dropping by -89.2% against the previous year. In general, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2013 an increase of 123%. Over the period under review, the average export prices reached the peak figure at $7,343 per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($684 per ton), while the average price for exports to New Zealand ($391 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 the United States (-65.8%), while the prices for the other major destinations experienced a decline.

Imports of Cereals; Rye, Other than Seed in Turkey

In 2022, cereals; rye, other than seed imports into Turkey reduced dramatically to 18K tons, declining by -35.8% against the previous year. Overall, imports continue to indicate a dramatic setback.

In value terms, cereals; rye, other than seed imports shrank significantly to $5M in 2022. Over the period under review, imports continue to indicate a dramatic curtailment.

Import of Cereals; Rye, Other than Seed in Turkey (Million USD)
COUNTRY20212022CAGR,
2021-2022
Ukraine6.95.0-27.5%
OthersN/AN/A0%
Total6.95.0-27.5%

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

  1. Ukraine (17.9K tons)

Exports of Cereals; Rye, Other than Seed in Turkey

In 2022, cereals; rye, other than seed exports from Turkey surged to 2.2 tons, with an increase of 997% against the year before. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereals; rye, other than seed exports surged to $1.8K in 2022. The total export value increased at an average annual rate of +18.7% from 2021 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cereals; Rye, Other than Seed in Turkey (USD)
COUNTRY20212022CAGR,
2021-2022
Germany99.0796704.0%
United Kingdom467418-10.5%
AustraliaN/A50.00%
SlovakiaN/A50.00%
New Zealand74650.0-93.3%
United States2.026.01200.0%
Others162362123.5%
Total1,4761,75218.7%

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

  1. Germany (1191.0 kg)
  2. United Kingdom (626.0 kg)
  3. Australia (128.0 kg)
  4. New Zealand (128.0 kg)
  5. Slovakia (88.0 kg)
  6. United States (38.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Cereals; rye, other than seed - Turkey