Flakes; of Potatoes Price in Turkey - 2023

Contents:

1. Flakes; of Potatoes Price in Turkey (CIF) - 2023
2. Flakes; of Potatoes Price in Turkey (FOB) - 2022
3. Flakes; of Potatoes Imports in Turkey
4. Flakes; of Potatoes Exports in Turkey

Flakes; of Potatoes Price in Turkey (CIF) - 2023

The average flakes; of potatoes import price stood at $2,325 per ton in July 2023, flattening at the previous month. In general, import price indicated a strong expansion from July 2022 to July 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, flakes; of potatoes import price increased by +3.0% against April 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 20% against the previous month. Over the period under review, average import prices hit record highs at $2,363 per ton in March 2023; however, from April 2023 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($2,617 per ton), while the price for Iran ($1,990 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Turkey (FOB) - 2022

In 2022, the average flakes; of potatoes export price amounted to $1,555 per ton, waning by -15.3% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 107%. The export price peaked at $5,640 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,561 per ton), while the average price for exports to India amounted to $1,519 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+14.0%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in Turkey

In 2022, the amount of flakes; of potatoeses imported into Turkey was estimated at 5K tons, growing by 14% compared with 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, flakes; of potatoes imports surged to $8M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.7% 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 +94.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Flakes; of Potatoes to Turkey in 2022:

1. Netherlands (2.5K tons)
2. Germany (1.9K tons)
3. Iran (0.4K tons)
4. Belgium (0.1K tons)

Flakes; of Potatoes Exports in Turkey

In 2022, shipments abroad of flakes; of potatoeses increased by 2,993% to 96 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep downturn.

In value terms, flakes; of potatoes exports soared to $149K in 2022. Overall, exports, however, faced a precipitous slump.

Top Export Markets for Flakes; of Potatoes from Turkey in 2022:

1. Netherlands (73.8 tons)
2. India (22.0 tons)

Source: IndexBox Market Intelligence Platform