Price for Cereal Flour; of Maize (Corn) in Turkey - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Turkey (FOB) - 2023
- Price for Cereal Flour; of Maize (Corn) in Turkey (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Turkey
- Imports of Cereal Flour; of Maize (Corn) in Turkey
Price for Cereal Flour; of Maize (Corn) in Turkey (FOB) - 2023
In July 2023, the average export price for cereal flour; of maize (corn) amounted to $502 per ton, picking up by 20% against the previous month. Overall, the export price showed a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was South Korea ($767 per ton), while the average price for exports to Syrian Arab Republic ($280 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 Iraq (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Turkey (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $1,123 per ton in 2022, increasing by 88% against the previous year. In general, the import price, however, continues to indicate a deep setback. Over the period under review, average import prices reached the peak figure at $6,916 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($1,295 per ton) and India ($1,260 per ton), while the price for France ($974 per ton) and Italy ($997 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.5%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Flour; of Maize (Corn) in Turkey
In 2022, the amount of cereal flour; of maize (corn) exported from Turkey soared to 21K tons, jumping by 16% against 2021. The total export volume increased at an average annual rate of +12.4% over the period 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 2020 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $8.4M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 345 | 1,566 | 984 | 1,573 | 65.8% |
| Iraq | 1,122 | 777 | 1,114 | 1,352 | 6.4% |
| Philippines | N/A | 543 | 1,083 | 1,140 | 44.9% |
| Syrian Arab Republic | 497 | 494 | 608 | 1,009 | 26.6% |
| Jordan | 315 | 317 | 306 | 758 | 34.0% |
| Lebanon | 638 | 499 | 550 | 740 | 5.1% |
| Malaysia | 36.8 | 81.6 | 328 | 523 | 142.2% |
| Yemen | 24.9 | 218 | 262 | 423 | 157.1% |
| Senegal | 674 | 0.1 | N/A | 18.7 | -69.7% |
| Venezuela | N/A | 534 | N/A | N/A | 0% |
| Others | 549 | 564 | 506 | 831 | 14.8% |
| Total | 4,202 | 5,593 | 5,741 | 8,368 | 25.8% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Turkey in 2022:
- Senegal (undefinedK tons)
- Iraq (4.5K tons)
- Angola (4.2K tons)
- Syrian Arab Republic (3.3K tons)
- Philippines (2.2K tons)
- Lebanon (1.8K tons)
- Jordan (1.2K tons)
- Malaysia (1.0K tons)
- Yemen (1.0K tons)
Imports of Cereal Flour; of Maize (Corn) in Turkey
In 2022, purchases abroad of cereal flour; of maize (corn) decreased by -54.5% to 56 tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports reached the peak of 131 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereal flour; of maize (corn) imports reduced to $63K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 84% against the previous year. As a result, imports attained the peak of $80K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereal Flour; of Maize (Corn) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 20.7 | 21.9 | 27.4 | 15.1% |
| France | 16.0 | 21.9 | 22.2 | 14.6 | -3.0% |
| Italy | 9.5 | 10.7 | 2.6 | 12.3 | 9.0% |
| Netherlands | N/A | N/A | N/A | 5.1 | 0% |
| India | 3.1 | 5.7 | 3.0 | 3.0 | -1.1% |
| Iraq | 14.6 | 19.7 | 1.7 | N/A | -65.9% |
| Lebanon | N/A | N/A | 21.1 | N/A | 0% |
| Others | 0.4 | 1.3 | 0.4 | 0.2 | -20.6% |
| Total | 43.4 | 79.9 | 73.0 | 62.5 | 12.9% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Turkey in 2022:
- Germany (22.0 tons)
- France (15.0 tons)
- Italy (12.3 tons)
- Netherlands (3.9 tons)
- India (2.3 tons)
461
This report provides an in-depth analysis of the cereal flour market in Turkey.
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This report provides an in-depth analysis of the global cereal flour market.
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This report provides an in-depth analysis of the global non-wheat flour market.
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This report provides an in-depth analysis of the cereal flour market in Turkey.
308
This report provides an in-depth analysis of the non-wheat flour market in Turkey.
2543
This report provides an in-depth analysis of the global cereal flour market.
765
This report provides an in-depth analysis of the global non-wheat flour market.
63
In 2023, Cereal Flour exports reached record highs and are projected to continue growing in the future. However, the value of cereal flour exports decreased to $1.5B in 2023.
63
In 2023, Cereal Flour exports reached record highs and are projected to continue growing in the future. However, the value of cereal flour exports decreased to $1.5B in 2023.
