Turkey - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMaize Oil Price in Turkey - 2023
Contents:
- Maize Oil Price in Turkey (FOB) - 2023
- Maize Oil Price in Turkey (CIF) - 2023
- Maize Oil Exports in Turkey
- Maize Oil Imports in Turkey
Maize Oil Price in Turkey (FOB) - 2023
The average maize oil export price stood at $1,417 per ton in July 2023, shrinking by -13.8% against the previous month. Overall, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in December 2022 when the average export price increased by 6.8% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,227 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Israel ($1,862 per ton), while the average price for exports to Kenya ($1,108 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (0.0%), while the prices for the other major destinations experienced a decline.
Maize Oil Price in Turkey (CIF) - 2023
In July 2023, the average maize oil import price amounted to $1,314 per ton, reducing by -72.6% against the previous month. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 242% month-to-month. As a result, import price attained the peak level of $16,062 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to July 2023, the rate of growth in terms of prices for the United States amounted to 0.0% per month.
Maize Oil Exports in Turkey
In 2022, approx. 64K tons of maize oil were exported from Turkey; dropping by -20.4% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports reached the peak of 80K tons, and then fell dramatically in the following year.
In value terms, maize oil exports contracted to $123M in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 71%. As a result, the exports reached the peak of $130M, and then reduced in the following year.
| Export of Maize Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 34.2 | 36.6 | 70.2 | 66.3 | 24.7% |
| Azerbaijan | 2.7 | 2.9 | 3.5 | 14.4 | 74.7% |
| Israel | 3.8 | 2.4 | 9.2 | 11.3 | 43.8% |
| United Arab Emirates | 1.7 | 1.5 | 3.2 | 8.9 | 73.6% |
| Iraq | 0.9 | 7.6 | 5.5 | 5.1 | 78.3% |
| Saudi Arabia | 3.0 | 1.0 | 0.6 | 2.3 | -8.5% |
| Egypt | 0.2 | 1.2 | N/A | 2.2 | 122.4% |
| Georgia | 9.4 | 11.6 | 18.2 | 0.7 | -57.9% |
| Others | 8.9 | 11.1 | 19.7 | 11.4 | 8.6% |
| Total | 64.9 | 75.9 | 130 | 123 | 23.8% |
Top Export Markets for Maize Oil from Turkey in 2022:
- Libya (33.2K tons)
- Azerbaijan (8.1K tons)
- Israel (5.2K tons)
- United Arab Emirates (4.9K tons)
- Iraq (3.4K tons)
- Egypt (1.4K tons)
- Saudi Arabia (1.3K tons)
- Georgia (0.3K tons)
Maize Oil Imports in Turkey
In 2022, overseas purchases of maize oil were finally on the rise to reach 27K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt shrinkage.
In value terms, maize oil imports expanded modestly to $30M in 2022. In general, imports, however, showed a abrupt shrinkage.
| Import of Maize Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 8.7 | 5.7 | 6.0 | 2.9% |
| Brazil | 0.2 | 0.3 | 5.0 | 4.6 | 184.4% |
| Spain | 6.1 | 5.5 | 5.1 | 4.5 | -9.6% |
| Argentina | 5.5 | 5.2 | 3.9 | 4.4 | -7.2% |
| Belgium | 3.4 | 3.1 | 2.9 | 2.5 | -9.7% |
| Hungary | 3.3 | 2.3 | 2.2 | 2.4 | -10.1% |
| Ukraine | 4.3 | 2.7 | 3.2 | 1.7 | -26.6% |
| France | 1.1 | 1.2 | 1.3 | 1.4 | 8.4% |
| Others | 7.6 | 2.3 | N/A | 3.0 | -26.6% |
| Total | 37.1 | 31.3 | 29.5 | 30.4 | -6.4% |
Top Suppliers of Maize Oil to Turkey in 2022:
- United States (5.4K tons)
- Argentina (3.9K tons)
- Belgium (3.1K tons)
- Spain (3.1K tons)
- Brazil (2.8K tons)
- Hungary (2.3K tons)
- France (1.7K tons)
- Ukraine (1.2K tons)
This report provides an in-depth analysis of the 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:
- FCL 60 - Oil of Maize
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
- 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 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
-
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
- 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
532
This report provides an in-depth analysis of the maize oil market in Turkey.
642
This report provides an in-depth analysis of the linseed oil market in Turkey.
693
This report provides an in-depth analysis of the sesame oil market in Turkey.
509
This report provides an in-depth analysis of the castor oil seed market in Turkey.
467
This report provides an in-depth analysis of the crude maize oil market in Turkey.
417
This report provides an in-depth analysis of the refined maize oil market in Turkey.
1336
This report provides an in-depth analysis of the global maize oil market.
3998
This report provides an in-depth analysis of the global linseed oil market.
1958
This report provides an in-depth analysis of the global sesame oil market.
2144
Global Castor Oil Seed Market Report 2019. This report provides an in-depth analysis of the global castor oil seed market.
373
As of July 2023, the price of Maize Oil is $1,417 per ton (FOB, Turkey), reflecting a decrease of -13.8% compared to the previous month.
86
Exports of Refined Maize Oil reached a peak of 58K tons in 2021, but in 2022 to 2023, the amount dropped slightly. In terms of value, exports decreased to $91M in 2023.
386
In September 2022, the refined maize oil price amounted to $2,261 per ton, therefore (FOB, Turkey), remained relatively stable against the previous month.
1508
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1435
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1715
The maize oil market reached X million USD, rising with an annual increase of X%.
1401
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
2207
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3374
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1817
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
