Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey - 2024
Contents:
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey
- Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, seed, whether or not broken amounted to $2,327 per ton, dropping by -7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 an increase of 39%. As a result, the export price reached the peak level of $2,713 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($2,700 per ton), while the average price for exports to Iran ($1,397 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 Cote d'Ivoire (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (CIF) - 2022
In 2022, the average import price for oil seeds; cotton seeds, seed, whether or not broken amounted to $2,497 per ton, growing by 31% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 72%. The import price peaked at $7,237 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Spain ($3,867 per ton), while the price for Greece amounted to $2,249 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%).
Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey
Exports of oil seeds; cotton seeds, seed, whether or not broken from Turkey skyrocketed to 4.8K tons in 2022, increasing by 34% on the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, seed, whether or not broken skyrocketed to $11M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 5.3 | 6.6 | 6.3 | 7.7 | 13.3% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.8 | 0% |
| Iran | 0.5 | 0.7 | 0.8 | 0.6 | 6.3% |
| Syrian Arab Republic | 0.8 | 0.3 | 0.3 | 0.6 | -9.1% |
| Tajikistan | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Greece | 0.1 | 0.1 | N/A | 0.5 | 71.0% |
| Kazakhstan | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.3 | 0.3 | 1.1 | 0.2 | -12.6% |
| Total | 7.4 | 8.3 | 9.0 | 11.3 | 15.2% |
Top Export Markets for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken from Turkey in 2022:
- Azerbaijan (2975.9 tons)
- Syrian Arab Republic (438.3 tons)
- Iran (435.0 tons)
- Cote d'Ivoire (300.0 tons)
- Greece (269.6 tons)
- Tajikistan (216.3 tons)
- Kazakhstan (138.2 tons)
Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey
In 2022, overseas purchases of oil seeds; cotton seeds, seed, whether or not broken decreased by -77.4% to 27 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. As a result, imports attained the peak of 122 tons, and then contracted significantly in the following year.
In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken fell remarkably to $68K in 2022. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 15%.
| Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 190 | 204 | 66.3 | 53.1 | -34.6% |
| Spain | N/A | 5.7 | 95.1 | 14.5 | 59.5% |
| Syrian Arab Republic | N/A | N/A | 69.8 | N/A | 0% |
| Turkmenistan | N/A | 11.3 | N/A | N/A | 0% |
| Others | 3.5 | 2.6 | 1.2 | 0.9 | -36.4% |
| Total | 194 | 224 | 232 | 68.4 | -29.4% |
Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to Turkey in 2022:
- Greece (23.6 tons)
- Spain (3.7 tons)
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