Price for Food Preparations Not Elsewhere Specified or Included in Turkey - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Turkey (FOB) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in Turkey (CIF) - 2022
- Exports of Food Preparations Not Elsewhere Specified or Included in Turkey
- Imports of Food Preparations Not Elsewhere Specified or Included in Turkey
Price for Food Preparations Not Elsewhere Specified or Included in Turkey (FOB) - 2024
The average export price for food preparations not elsewhere specified or included stood at $4,926 per ton in January 2024, rising by 6.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 11% month-to-month. The export price peaked at $5,444 per ton in September 2023; however, from October 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($9,426 per ton), while the average price for exports to India ($2,361 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Turkey (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $3,770 per ton in 2022, falling by -2.2% against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $4,476 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,290 per ton), while the price for India ($1,910 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Turkey
In 2022, the amount of food preparations not elsewhere specified or included exported from Turkey amounted to 124K tons, with an increase of 6.6% against the year before. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included soared to $529M in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 50.1 | 61.4 | 50.3 | 62.5 | 7.7% |
| Czech Republic | 36.3 | 32.1 | 40.2 | 38.3 | 1.8% |
| United States | 24.6 | 18.9 | 29.4 | 34.5 | 11.9% |
| Germany | 22.0 | 23.1 | 28.5 | 27.4 | 7.6% |
| Netherlands | 31.5 | 28.4 | 27.5 | 26.2 | -6.0% |
| Russia | 13.0 | 12.7 | 13.4 | 18.9 | 13.3% |
| Azerbaijan | 8.6 | 11.6 | 14.0 | 17.7 | 27.2% |
| United Kingdom | 13.6 | 12.2 | 12.6 | 15.9 | 5.3% |
| Ethiopia | 5.5 | 7.0 | 9.9 | 12.9 | 32.9% |
| Yemen | 7.9 | 8.0 | 9.3 | 11.7 | 14.0% |
| United Arab Emirates | 2.8 | 2.5 | 4.2 | 11.4 | 59.7% |
| Angola | 3.5 | 10.1 | 9.5 | 11.0 | 46.5% |
| Iran | 7.1 | 5.7 | 8.6 | 8.8 | 7.4% |
| Others | 173 | 167 | 187 | 232 | 10.3% |
| Total | 399 | 400 | 444 | 529 | 9.9% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Turkey in 2022:
- Iraq (20.1K tons)
- Czech Republic (6.4K tons)
- United States (4.5K tons)
- Azerbaijan (4.5K tons)
- Yemen (4.5K tons)
- Germany (4.4K tons)
- Russia (4.1K tons)
- Netherlands (3.4K tons)
- Ethiopia (3.3K tons)
- Iran (3.0K tons)
- United Arab Emirates (3.0K tons)
- Angola (3.0K tons)
- United Kingdom (2.5K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Turkey
In 2022, the amount of food preparations not elsewhere specified or included imported into Turkey declined to 133K tons, dropping by -8.9% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 146K tons, and then contracted in the following year.
In value terms, imports of food preparations not elsewhere specified or included declined to $501M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year.
| Import of Food Preparations Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 82.6 | 82.9 | 92.2 | 79.7 | -1.2% |
| Italy | 43.0 | 44.3 | 43.6 | 58.5 | 10.8% |
| Netherlands | 111 | 144 | 162 | 45.6 | -25.7% |
| United States | 24.7 | 41.8 | 46.4 | 43.9 | 21.1% |
| Poland | 17.9 | 20.5 | 24.3 | 42.8 | 33.7% |
| United Kingdom | 32.1 | 39.8 | 41.2 | 39.6 | 7.2% |
| Malaysia | 10.1 | 12.6 | 15.3 | 39.0 | 56.9% |
| Thailand | 11.5 | 13.8 | 15.8 | 25.4 | 30.2% |
| France | 27.9 | 30.3 | 30.6 | 20.1 | -10.4% |
| Bulgaria | 7.0 | 6.9 | 10.4 | 18.3 | 37.8% |
| Austria | 4.3 | 3.9 | 6.6 | 10.0 | 32.5% |
| China | 3.2 | 3.2 | 4.9 | 8.8 | 40.1% |
| India | 2.4 | 2.3 | 3.0 | 5.4 | 31.0% |
| Others | 53.8 | 56.2 | 65.4 | 63.7 | 5.8% |
| Total | 432 | 502 | 562 | 501 | 5.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Turkey in 2022:
- Germany (24.0K tons)
- Italy (17.4K tons)
- Poland (16.8K tons)
- Netherlands (12.7K tons)
- Malaysia (12.4K tons)
- Thailand (11.2K tons)
- Bulgaria (9.2K tons)
- Austria (4.5K tons)
- United Kingdom (4.1K tons)
- India (2.8K tons)
- France (2.4K tons)
- United States (2.3K tons)
- China (2.0K tons)
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