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Turkey - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Coconut Oil Price in Turkey - 2023
Contents:
- Refined Coconut Oil Price in Turkey (CIF) - 2022
- Refined Coconut Oil Price in Turkey (FOB) - 2022
- Refined Coconut Oil Imports in Turkey
- Refined Coconut Oil Exports in Turkey
Refined Coconut Oil Price in Turkey (CIF) - 2022
The average refined coconut oil import price stood at $1,959 per ton in 2022, with an increase of 16% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price increased by +96.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($2,385 per ton), while the price for Malaysia ($1,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Coconut Oil Price in Turkey (FOB) - 2022
In 2022, the average refined coconut oil export price amounted to $3,936 per ton, increasing by 17% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 206%. Over the period under review, the average export prices hit record highs at $10,647 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($6,000 per ton), while the average price for exports to Ukraine ($1,076 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+50.0%), while the prices for the other major destinations experienced mixed trend patterns.
Refined Coconut Oil Imports in Turkey
In 2022, the amount of refined coconut (copra) oil imported into Turkey skyrocketed to 28K tons, rising by 52% against 2021 figures. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined coconut oil imports soared to $55M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Refined Coconut Oil in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 14.0 | 14.6 | 24.9 | 40.1 | 42.0% |
Indonesia | 0.9 | 0.8 | 0.9 | 8.8 | 113.8% |
France | 0.8 | 2.1 | 3.8 | 5.4 | 89.0% |
Others | 0.2 | 2.9 | 1.3 | 0.4 | 26.0% |
Total | 15.9 | 20.4 | 30.9 | 54.7 | 51.0% |
Top Suppliers of Refined Coconut Oil to Turkey in 2022:
- Malaysia (21.0K tons)
- Indonesia (4.5K tons)
- France (2.3K tons)
Refined Coconut Oil Exports in Turkey
Refined coconut oil exports from Turkey skyrocketed to 1.8K tons in 2022, with an increase of 4,958% compared with the previous year. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined coconut oil exports surged to $6.9M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Refined Coconut Oil in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | N/A | 6.0 | 0% |
Ukraine | N/A | N/A | N/A | 0.7 | 0% |
Uzbekistan | N/A | N/A | N/A | 0.1 | 0% |
Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Total | N/A | 0.1 | 0.1 | 6.9 | 730.7% |
Top Export Markets for Refined Coconut Oil from Turkey in 2022:
- Russia (992.7 tons)
- Ukraine (696.8 tons)
- Uzbekistan (44.7 tons)
This report provides an in-depth analysis of the refined coconut oil market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined coconut oil market in Turkey.
This report provides an in-depth analysis of the coconut oil market in Turkey.
This report provides an in-depth analysis of the palm kernel oil market in Turkey.
This report provides an in-depth analysis of the crude coconut oil market in Turkey.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Turkey.
This report provides an in-depth analysis of the global refined coconut oil market.
This report provides an in-depth analysis of the global coconut oil market.
This report provides an in-depth analysis of the global palm kernel oil market.
This report provides an in-depth analysis of the global crude coconut oil market.
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
During the review period, Refined Coconut Oil imports peaked at 28K tons in 2022, but saw a significant decline in the following year. In terms of value, imports of Refined Coconut Oil dropped notably to $27M in 2023.
Coconut Oil imports reached record highs in 2023 and are projected to continue growing steadily. The value of coconut oil imports decreased significantly to $38M in 2023.
In January 2023, the coconut oil price amounted to $2,258 per ton (CIF, Turkey), rising by 28% against the previous month.
In March 2023, the palm kernel oil price amounted to $1,321 per ton (CIF, Turkey), surging by 4.2% against the previous month.
Global refined coconut oil imports dropped by -5.5% y-o-y to 1M tons in 2020. The U.S., China, Germany and South Korea constitute the largest importers of refined coconut oil worldwide. In 2020, American and Chinese imports declined significantly, while the purchases in Turkey followed an upward trend. Last year, the average refined coconut oil import price rose by +4.5% compared to the figures of 2019.
Explore the top import markets for coconut oil in 2023 and learn about the key players driving the global demand for this versatile product.
Coconut oil prices will grow moderately this year, following the fundamental trend relevant to all vegetable oils. The average annual coconut oil price is set to grow by 2.3% y-o-y to $1,674 per ton in 2022 due to limited supply and rising logistic costs.
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
Discover the top 10 countries by import value of palm kernel oil in 2023. Learn about the key players driving the global market for this essential oil.
Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.