Cereals; Oats, Seeds Price in Turkey - 2023
Contents:
- Cereals; Oats, Seeds Price in Turkey (FOB) - 2022
- Cereals; Oats, Seeds Price in Turkey (CIF) - 2022
- Cereals; Oats, Seeds Exports in Turkey
- Cereals; Oats, Seeds Imports in Turkey
Cereals; Oats, Seeds Price in Turkey (FOB) - 2022
In 2022, the average cereals; oats, seeds export price amounted to $525 per ton, reducing by -12.5% against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 81% against the previous year. The export price peaked at $613 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Azerbaijan ($657 per ton), while the average price for exports to Georgia totaled $328 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+5.9%), while the prices for the other major destinations experienced a decline.
Cereals; Oats, Seeds Price in Turkey (CIF) - 2022
The average cereals; oats, seeds import price stood at $1,301 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88%. As a result, import price attained the peak level of $2,545 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,396 per ton), while the price for Spain totaled $64 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.7%).
Cereals; Oats, Seeds Exports in Turkey
In 2022, the amount of cereals; oats, seedses exported from Turkey shrank rapidly to 4.5 tons, dropping by -85% compared with 2021 figures. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 183%. As a result, the exports attained the peak of 30 tons, and then dropped notably in the following year.
In value terms, cereals; oats, seeds exports declined remarkably to $2.4K in 2022. Overall, exports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 412% against the previous year. As a result, the exports attained the peak of $18K, and then shrank notably in the following year.
| Export of Cereals; Oats, Seeds in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 8.1 | 0.9 | 13.5 | 1.8 | -39.4% |
| Georgia | 1.7 | 2.2 | 4.5 | 0.6 | -29.3% |
| Ghana | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.4 | N/A | N/A | 0% |
| Total | 10.3 | 3.5 | 18.0 | 2.4 | -38.5% |
Top Export Markets for Cereals; Oats, Seeds from Turkey in 2022:
- Azerbaijan (2.7 tons)
- Georgia (1.8 tons)
Cereals; Oats, Seeds Imports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of cereals; oats, seedses, which increased by 51% to 22 tons in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 104%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, cereals; oats, seeds imports skyrocketed to $28K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Cereals; Oats, Seeds in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.0 | 8.4 | 18.3 | 28.2 | 78.0% |
| Spain | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 5.0 | 8.6 | 18.4 | 28.3 | 78.2% |
Top Suppliers of Cereals; Oats, Seeds to Turkey in 2022:
- France (20.2 tons)
- Spain (1.6 tons)
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