Turkey - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTurkey's Dry Peas Price Amounts to $449 per Ton
Turkey Dry Peas Import Price in December 2022
In December 2022, the dry peas price stood at $449 per ton (CIF, Turkey), remaining relatively unchanged against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 19% against the previous month. As a result, import price reached the peak level of $480 per ton. From September 2022 to December 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Canada ($612 per ton), while the price for Russia ($424 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Turkey Dry Peas Imports
In December 2022, purchases abroad of peas (dry) decreased by -19.3% to 30K tons, falling for the second month in a row after two months of growth. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in September 2022 with an increase of 2,045% month-to-month. Over the period under review, imports attained the peak figure at 68K tons in October 2022; however, from November 2022 to December 2022, imports failed to regain momentum.
In value terms, dry peas imports plummeted to $14M (IndexBox estimates) in December 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in September 2022 with an increase of 1,772% against the previous month. Imports peaked at 29K tons in October 2022; however, from November 2022 to December 2022, imports failed to regain momentum.
Turkey Dry Peas Imports by Country
In December 2022, Russia (22K tons) constituted the largest supplier of dry peas to Turkey, with a 72% share of total imports. Moreover, dry peas imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (7K tons), threefold.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume from Russia stood at +12.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Ukraine (+23.0% per month) and Canada (+2.0% per month).
In value terms, Russia ($9.3M) constituted the largest supplier of dry peas to Turkey, comprising 69% of total imports. The second position in the ranking was taken by Ukraine ($3M), with a 22% share of total imports.
From January 2022 to December 2022, the average monthly growth rate of value from Russia stood at +14.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Ukraine (+22.2% per month) and Canada (+3.4% per month).
What Drives Dry Peas Prices in Turkey?
The prices of dry peas in Turkey are driven by a variety of factors, including supply and demand, production costs, the value of the Turkish lira, and the current state of the Turkish economy.
The supply and demand of dry peas plays a significant role in their pricing. When the demand for dry peas is higher than the supply, prices tend to rise, while when the supply is greater than the demand, prices typically go down. Production costs such as labor, energy, and raw materials also have an impact on the price of dry peas.
The value of the Turkish lira is also important, as it directly affects the cost of imports and exports. A weaker lira results in higher dry peas prices, as imported dry peas become more expensive, while a stronger lira can result in lower prices, as imports become more affordable.
Finally, the current state of the Turkish economy can affect dry peas prices. When the economy is strong, people are more likely to purchase dry peas, resulting in higher prices. Conversely, when the economy is weak, people are less likely to purchase, and prices may fall.
In conclusion, the prices of dry peas in Turkey are driven by several factors, including supply and demand, production costs, the value of the Turkish lira, and the current state of the economy.
This report provides an in-depth analysis of the dry peas 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:
- FCL 187 - Peas, dry
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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, HARVESTED AREA AND YIELD
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
-
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
-
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
