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Turkey - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Sunflower-Seed and Safflower Oil in Turkey - 2023
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Turkey (CIF) - 2023
- Price for Crude Sunflower-Seed and Safflower Oil in Turkey (FOB) - 2023
- Imports of Crude Sunflower-Seed and Safflower Oil in Turkey
- Exports of Crude Sunflower-Seed and Safflower Oil in Turkey
Price for Crude Sunflower-Seed and Safflower Oil in Turkey (CIF) - 2023
In July 2023, the average import price for crude sunflower-seed and safflower oil amounted to $861 per ton, declining by -4.4% against the previous month. Overall, the import price showed a abrupt decrease. The pace of growth was the most pronounced in December 2022 when the average import price increased by 0.7% month-to-month. The import price peaked at $1,777 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Ukraine ($865 per ton), while the price for Russia stood at $840 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ukraine (-5.7%).
Price for Crude Sunflower-Seed and Safflower Oil in Turkey (FOB) - 2023
In July 2023, the average export price for crude sunflower-seed and safflower oil amounted to $844 per ton, shrinking by -8.4% against the previous month. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices hit record highs at $1,853 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Iraq ($927 per ton), while the average price for exports to India totaled $795 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-0.5%), while the prices for the other major destinations experienced a decline.
Imports of Crude Sunflower-Seed and Safflower Oil in Turkey
Crude sunflower-seed and safflower oil imports into Turkey skyrocketed to 1.4M tons in 2022, rising by 62% on the previous year's figure. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude sunflower-seed and safflower oil imports surged to $2.2B in 2022. 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.
Import of Crude Sunflower-Seed and Safflower Oil in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 328 | 537 | 1,060 | 1,187 | 53.5% |
Ukraine | 11.2 | 68.0 | 58.4 | 969 | 342.3% |
Bulgaria | 17.0 | 21.4 | 59.3 | 25.6 | 14.6% |
Bosnia and Herzegovina | 31.5 | 22.4 | N/A | 5.4 | -44.4% |
Others | 11.8 | 28.8 | 7.2 | 10.7 | -3.2% |
Total | 400 | 678 | 1,185 | 2,198 | 76.5% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Turkey in 2022:
- Russia (764.1K tons)
- Ukraine (657.1K tons)
- Bulgaria (17.6K tons)
- Bosnia and Herzegovina (3.6K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Turkey
Crude sunflower-seed and safflower oil exports from Turkey skyrocketed to 440K tons in 2022, rising by 204% against the previous year. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $714M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Crude Sunflower-Seed and Safflower Oil in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | 47.1 | 44.5 | 94.7 | 395 | 103.2% |
India | 2.1 | N/A | N/A | 210 | 364.2% |
Saudi Arabia | N/A | N/A | N/A | 34.1 | 0% |
Djibouti | N/A | N/A | N/A | 23.1 | 0% |
Iran | 5.7 | 36.4 | 77.2 | 11.8 | 27.4% |
United States | 5.1 | 2.6 | N/A | 9.7 | 23.9% |
Others | 2.8 | 6.6 | 16.6 | 29.6 | 119.5% |
Total | 62.7 | 90.1 | 189 | 714 | 125.0% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Turkey in 2022:
- Iraq (251.2K tons)
- India (123.2K tons)
- Saudi Arabia (19.9K tons)
- Djibouti (12.0K tons)
- Iran (8.5K tons)
- United States (5.6K tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
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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