Turkey - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in Turkey - 2023
Contents:
- Nuts Price in Turkey (FOB) - 2022
- Nuts Price in Turkey (CIF) - 2022
- Nuts Exports in Turkey
- Nuts Imports in Turkey
Nuts Price in Turkey (FOB) - 2022
In 2022, the average nuts export price amounted to $5,813 per ton, with a decrease of -16% against the previous year. In general, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum at $8,847 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($10,430 per ton), while the average price for exports to Azerbaijan ($2,293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nuts Price in Turkey (CIF) - 2022
In 2022, the average nuts import price amounted to $3,840 per ton, surging by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. Over the period under review, average import prices hit record highs at $3,906 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($7,702 per ton), while the price for Ukraine ($1,151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Exports in Turkey
Nuts exports from Turkey expanded notably to 60K tons in 2022, surging by 14% on the year before. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, nuts exports reduced modestly to $347M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of $362M, and then fell slightly in the following year.
| Export of Nuts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 94.3 | 88.4 | 143 | 91.4 | -1.0% |
| Iraq | 42.5 | 33.4 | 26.8 | 43.9 | 1.1% |
| Germany | 37.4 | 30.3 | 43.5 | 39.0 | 1.4% |
| Russia | 1.1 | 3.9 | 4.4 | 18.0 | 153.9% |
| Syrian Arab Republic | 0.2 | N/A | 0.2 | 14.5 | 317.0% |
| Jordan | 6.8 | 4.8 | 12.8 | 13.9 | 26.9% |
| Libya | 5.0 | 3.6 | 11.3 | 11.6 | 32.4% |
| Iran | 4.6 | 1.4 | 0.6 | 9.5 | 27.3% |
| Egypt | 4.3 | 7.8 | 5.0 | 8.5 | 25.5% |
| United Arab Emirates | 2.7 | 2.0 | 5.0 | 8.2 | 44.8% |
| Algeria | 6.2 | 4.6 | 3.7 | 8.0 | 8.9% |
| Lebanon | 9.1 | 6.5 | 4.9 | 5.5 | -15.5% |
| Azerbaijan | 5.3 | 8.2 | 7.7 | 4.1 | -8.2% |
| Others | 77.5 | 80.4 | 93.4 | 71.4 | -2.7% |
| Total | 297 | 275 | 362 | 347 | 5.3% |
Top Export Markets for Nuts from Turkey in 2022:
- Italy (14.1K tons)
- Iraq (12.3K tons)
- Syrian Arab Republic (4.3K tons)
- Germany (3.7K tons)
- Algeria (2.5K tons)
- Russia (2.2K tons)
- Libya (1.8K tons)
- Azerbaijan (1.8K tons)
- Lebanon (1.4K tons)
- Jordan (1.4K tons)
- Iran (1.4K tons)
- United Arab Emirates (1.3K tons)
- Egypt (1.2K tons)
Nuts Imports in Turkey
In 2022, imports of nuts into Turkey rose remarkably to 110K tons, picking up by 6% compared with 2021. Over the period under review, imports, however, showed a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year.
In value terms, nuts imports soared to $423M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nuts in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 212 | 141 | 141 | 288 | 10.8% |
| Chile | 47.4 | 26.6 | 44.1 | 47.9 | 0.4% |
| Iran | 33.6 | 74.1 | 71.6 | 32.0 | -1.6% |
| China | 15.0 | 26.6 | 26.9 | 25.9 | 20.0% |
| Ukraine | 15.2 | 3.6 | 1.2 | 1.8 | -50.9% |
| Uzbekistan | 3.6 | 3.1 | 4.4 | 1.3 | -28.8% |
| Others | 22.1 | 9.4 | 22.4 | 26.4 | 6.1% |
| Total | 348 | 285 | 311 | 423 | 6.7% |
Top Suppliers of Nuts to Turkey in 2022:
- United States (66.2K tons)
- Chile (21.3K tons)
- China (10.4K tons)
- Iran (5.9K tons)
- Ukraine (1.5K tons)
- Uzbekistan (0.2K tons)
This report provides an in-depth analysis of the nuts 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 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
599
This report provides an in-depth analysis of the nuts market in Turkey.
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118
Shelled Hazelnut exports saw a significant increase of 139% month-on-month in September 2023, but dropped to $132M in January 2024 in value terms.
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In September 2023, the growth rate reached its highest point as shelled hazelnut exports surged by 139% compared to the previous month. The value of shelled hazelnut exports declined slightly to $111M in November 2023.
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In January 2023, the shelled hazelnut price amounted to $6,230 per ton (FOB, Turkey), picking up by 7% against the previous month.
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In December 2022, the walnut price amounted to $1,707 per ton (CIF, Turkey), rising by 14% against the previous month.
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Pistachio exports reached a peak in 2023 and are projected to continue growing in the near future. The value of pistachio exports surged to $318M in 2023.
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In July 2023, the price of Hazelnut was $2,365 per ton (FOB, Turkey), experiencing a decrease of 17.5% compared to the previous month.
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The world nut market is expected to reach a value of USD 92.4 billion by 2030, up from USD 66.6 billion in 2022, growing at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.
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