Turkey - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in Turkey - 2023
Contents:
- Peanut Butter Price in Turkey (FOB) - 2023
- Peanut Butter Price in Turkey (CIF) - 2023
- Peanut Butter Exports in Turkey
- Peanut Butter Imports in Turkey
Peanut Butter Price in Turkey (FOB) - 2023
The average peanut butter export price stood at $2,640 per ton in July 2023, picking up by 15% against the previous month. In general, export price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, peanut butter export price decreased by -21.9% against February 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 30% month-to-month. Over the period under review, the average export prices hit record highs at $3,380 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($4,552 per ton), while the average price for exports to Libya ($1,472 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Price in Turkey (CIF) - 2023
The average peanut butter import price stood at $2,294 per ton in July 2023, reducing by -23.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 81% against the previous month. The import price peaked at $5,217 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($4,289 per ton), while the price for India ($1,636 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 China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Exports in Turkey
For the fourth year in a row, Turkey recorded growth in shipments abroad of peanut butter and prepared or preserved groundnuts, which increased by 61% to 9K tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, peanut butter exports soared to $16M in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Peanut Butter in Turkey (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | 1,983 | 2,252 | 4,857 | 7,712 | 57.3% |
Germany | 1,010 | 1,244 | 1,490 | 1,252 | 7.4% |
Azerbaijan | 280 | 324 | 530 | 902 | 47.7% |
Russia | 6.9 | 23.7 | 5.4 | 639 | 352.4% |
Syrian Arab Republic | N/A | N/A | N/A | 602 | 0% |
Georgia | 135 | 141 | 200 | 362 | 38.9% |
Ukraine | 329 | 272 | 464 | 356 | 2.7% |
Italy | 31.7 | 192 | 190 | 304 | 112.5% |
Libya | 107 | 30.9 | 313 | 234 | 29.8% |
Egypt | 0.7 | N/A | 7.6 | 228 | 588.0% |
Others | 1,951 | 1,952 | 2,838 | 3,363 | 19.9% |
Total | 5,836 | 6,432 | 10,895 | 15,953 | 39.8% |
Top Export Markets for Peanut Butter from Turkey in 2022:
- Iraq (5198.6 tons)
- Azerbaijan (485.1 tons)
- Syrian Arab Republic (469.1 tons)
- Russia (412.1 tons)
- Germany (409.6 tons)
- Italy (166.7 tons)
- Libya (158.2 tons)
- Ukraine (154.6 tons)
- Egypt (154.0 tons)
- Georgia (148.4 tons)
Peanut Butter Imports in Turkey
For the fourth year in a row, Turkey recorded growth in supplies from abroad of peanut butter and prepared or preserved groundnuts, which increased by 255% to 2.5K tons in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, peanut butter imports soared to $4.7M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Peanut Butter in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | N/A | N/A | 149 | 2,745 | 1742.3% |
Netherlands | 627 | 937 | 1,127 | 861 | 11.2% |
Italy | 8.4 | 4.4 | 4.5 | 335 | 241.7% |
United States | 144 | 493 | 400 | 315 | 29.8% |
China | 157 | 9.8 | 46.5 | 124 | -7.6% |
Egypt | N/A | N/A | N/A | 109 | 0% |
Jordan | N/A | N/A | N/A | 106 | 0% |
Argentina | 115 | 210 | 88.6 | 0.1 | -90.5% |
Others | 81.1 | 152 | 91.3 | 155 | 24.1% |
Total | 1,133 | 1,806 | 1,908 | 4,750 | 61.2% |
Top Suppliers of Peanut Butter to Turkey in 2022:
- Brazil (1850.0 tons)
- Netherlands (324.1 tons)
- United States (89.1 tons)
- China (70.0 tons)
- Egypt (50.0 tons)
- Jordan (50.0 tons)
- Italy (39.2 tons)
- Argentina (0.1 tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
-
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
- 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 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
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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
- 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
This report provides an in-depth analysis of the peanut butter market in Turkey.
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Turkey.
This report provides an in-depth analysis of the canned pineapple market in Turkey.
This report provides an in-depth analysis of the global peanut butter market.
This report provides an in-depth analysis of the global market for nuts (prepared or preserved).
This report provides an in-depth analysis of the global canned pineapple market.
This report provides an in-depth analysis of the peanut butter market in Turkey.
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Turkey.
This report provides an in-depth analysis of the canned pineapple market in Turkey.
This report provides an in-depth analysis of the global peanut butter market.
In March 2023, the price of Peanut Butter was $2,684 per ton (FOB, Turkey), showing a decrease of -20.6% compared to the previous month.
In December 2022, the nuts (prepared or preserved) price amounted to $5,324 per ton (FOB, Turkey), with an increase of 1.5% against the previous month.
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
In March 2023, the price of Peanut Butter was $2,684 per ton (FOB, Turkey), showing a decrease of -20.6% compared to the previous month.
In December 2022, the nuts (prepared or preserved) price amounted to $5,324 per ton (FOB, Turkey), with an increase of 1.5% against the previous month.
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad