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Turkey - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 7, 2023
Turkey's Refined Maize Oil Price Stands at $2,261 per Ton
Turkey Refined Maize Oil Export Price in September 2022
In September 2022, the refined maize oil price amounted to $2,261 per ton, therefore (FOB, Turkey), remained relatively stable against the previous month. Over the last eight months, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in June 2022 when the average export price increased by 17% month-to-month. The export price peaked at $2,460 per ton in July 2022; however, from August 2022 to September 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In September 2022, the countries with the highest prices were Azerbaijan ($2,447 per ton) and Libya ($2,256 per ton), while the average price for exports to Saudi Arabia ($2,066 per ton) and the United Arab Emirates ($2,083 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Refined Maize Oil Exports
In September 2022, overseas shipments of refined maize (corn) oil decreased by -12.2% to 4.2K tons for the first time since June 2022, thus ending a two-month rising trend. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in May 2022 when exports increased by 236% against the previous month. Over the period under review, the exports attained the maximum at 9.8K tons in February 2022; however, from March 2022 to September 2022, the exports remained at a lower figure.
In value terms, refined maize oil exports contracted to $9.5M (IndexBox estimates) in September 2022. Overall, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in May 2022 when exports increased by 247% month-to-month. The exports peaked at 18K tons in February 2022; however, from March 2022 to September 2022, the exports stood at a somewhat lower figure.
Turkey Refined Maize Oil Exports by Country
Libya (3.5K tons) was the main destination for refined maize oil exports from Turkey, with a 84% share of total exports. Moreover, refined maize oil exports to Libya exceeded the volume sent to the second major destination, Azerbaijan (231 tons), more than tenfold. The third position in this ranking was held by Israel (163 tons), with a 3.9% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Libya totaled -2.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Azerbaijan (+9.2% per month) and Israel (-18.1% per month).
In value terms, Libya ($8M) remains the key foreign market for refined maize oil exports from Turkey, comprising 84% of total exports. The second position in the ranking was taken by Azerbaijan ($564K), with a 5.9% share of total exports. It was followed by Israel, with a 3.7% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Libya was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Azerbaijan (+12.5% per month) and Israel (-16.1% per month).
This report provides an in-depth analysis of the refined maize 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 10621460 - Refined maize (corn) 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
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
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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