Price for Protein; Concentrates and Textured Protein Substances in Turkey - 2024

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Turkey (CIF) - 2024
2. Price for Protein; Concentrates and Textured Protein Substances in Turkey (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Turkey
4. Exports of Protein; Concentrates and Textured Protein Substances in Turkey

Price for Protein; Concentrates and Textured Protein Substances in Turkey (CIF) - 2024

The average import price for protein; concentrates and textured protein substanceses stood at $1,853 per ton in March 2024, dropping by -22.1% against the previous month. Overall, the import price, however, posted mild growth. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 188% against the previous month. As a result, import price attained the peak level of $4,586 per ton. From December 2023 to March 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($11,255 per ton), while the price for India ($1,071 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Protein; Concentrates and Textured Protein Substances in Turkey (FOB) - 2022

In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $3,026 per ton, shrinking by -18.8% against the previous year. Overall, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, the average export prices attained the maximum at $4,224 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($9,315 per ton), while the average price for exports to Yemen ($1,712 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 Kazakhstan (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in Turkey

In 2022, purchases abroad of protein; concentrates and textured protein substanceses increased by 39% to 3.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt slump.

In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $11M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Turkey in 2022:

1. India (2430.5 tons)
2. Poland (220.0 tons)
3. China (173.0 tons)
4. Germany (157.4 tons)
5. Italy (138.7 tons)
6. Netherlands (96.4 tons)
7. Russia (74.7 tons)
8. Switzerland (70.7 tons)
9. Belgium (12.0 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Turkey

Exports of protein; concentrates and textured protein substanceses from Turkey skyrocketed to 781 tons in 2022, rising by 32% on 2021 figures. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 79%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of protein; concentrates and textured protein substanceses expanded notably to $2.4M in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Turkey in 2022:

1. Iraq (239.8 tons)
2. Angola (56.0 tons)
3. Georgia (49.0 tons)
4. Togo (40.5 tons)
5. Kazakhstan (40.5 tons)
6. Syrian Arab Republic (39.6 tons)
7. Jordan (37.5 tons)
8. Cyprus (34.7 tons)
9. Iran (30.6 tons)
10. Yemen (30.6 tons)
11. Germany (27.0 tons)
12. Israel (18.2 tons)
13. Bahrain (16.5 tons)

Source: IndexBox Market Intelligence Platform