Price for Pectic Substances; Pectinates and Pectates in Turkey - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Turkey (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Turkey (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Turkey
4. Exports of Pectic Substances; Pectinates and Pectates in Turkey

Price for Pectic Substances; Pectinates and Pectates in Turkey (CIF) - 2023

In July 2023, the average import price for pectic substances; pectinates and pectateses amounted to $15,294 per ton, which is down by -51.3% against the previous month. Over the period under review, the import price, however, saw slight growth. The pace of growth appeared the most rapid in June 2023 an increase of 120% m-o-m. As a result, import price attained the peak level of $31,402 per ton, and then fell notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($38,146 per ton), while the price for China ($9,279 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Turkey (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $11,896 per ton, growing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $20,295 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($20,912 per ton), while the average price for exports to Israel ($7,200 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 Israel (+54.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Turkey

Pectic substances; pectinates and pectates imports into Turkey skyrocketed to 842 tons in 2022, jumping by 16% compared with 2021 figures. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates imports skyrocketed to $9.6M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Turkey in 2022:

1. Germany (426.4 tons)
2. China (173.2 tons)
3. Czech Republic (54.8 tons)
4. Spain (36.1 tons)
5. Ukraine (35.1 tons)
6. Ireland (34.0 tons)
7. Denmark (33.3 tons)
8. France (26.0 tons)
9. Switzerland (12.2 tons)

Exports of Pectic Substances; Pectinates and Pectates in Turkey

For the fourth consecutive year, Turkey recorded growth in overseas shipments of pectic substances; pectinates and pectateses, which increased by 21% to 98 tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.4% 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 +102.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 41%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, pectic substances; pectinates and pectates exports skyrocketed to $1.2M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Turkey in 2022:

1. Iran (76.5 tons)
2. Israel (6.0 tons)
3. Sudan (4.0 tons)
4. Turkmenistan (3.3 tons)
5. Romania (1.8 tons)
6. Azerbaijan (0.1 tons)

Source: IndexBox Market Intelligence Platform