Price for Flour and Meal; of Potatoes in Turkey - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Turkey (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Turkey (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Turkey
4. Exports of Flour and Meal; of Potatoes in Turkey

Price for Flour and Meal; of Potatoes in Turkey (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $905 per ton in 2022, picking up by 3.9% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 567%. As a result, import price attained the peak level of $16,533 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,000 per ton), while the price for Sweden stood at $885 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.0%).

Price for Flour and Meal; of Potatoes in Turkey (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $2,705 per ton, reducing by -15.1% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 231%. Over the period under review, the average export prices attained the peak figure at $6,031 per ton in 2020; however, from 2021 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 Iraq ($6,987 per ton), while the average price for exports to Belarus ($440 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 Netherlands (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Potatoes in Turkey

Flour and meal; of potatoes imports into Turkey fell dramatically to 2.9 tons in 2022, waning by -90.8% compared with 2021. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 784%. As a result, imports attained the peak of 32 tons, and then plummeted in the following year.

In value terms, flour and meal; of potatoes imports shrank significantly to $2.7K in 2022. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 578% against the previous year. As a result, imports reached the peak of $28K, and then contracted dramatically in the following year.

Top Suppliers of Flour and Meal; of Potatoes to Turkey in 2022:

1. Sweden (2934.0 kg)
2. Netherlands (1.0 kg)

Exports of Flour and Meal; of Potatoes in Turkey

In 2022, approx. 8.6 tons of flour and meal; of potatoeses were exported from Turkey; with an increase of 51% against the year before. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 604% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, flour and meal; of potatoes exports soared to $23K in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 272% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Flour and Meal; of Potatoes from Turkey in 2022:

1. Cyprus (6.7 tons)
2. Belarus (1.0 tons)
3. Iraq (0.5 tons)
4. Qatar (0.1 tons)
5. Iceland (0.1 tons)

Source: IndexBox Market Intelligence Platform