Price for Cereals; Millet, Other than Seed in Turkey - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Turkey (FOB) - 2023
- Price for Cereals; Millet, Other than Seed in Turkey (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Turkey
- Imports of Cereals; Millet, Other than Seed in Turkey
Price for Cereals; Millet, Other than Seed in Turkey (FOB) - 2023
In December 2023, the average export price for cereals; millet, other than seeds amounted to $289 per ton, with an increase of 13% against the previous month. Over the period under review, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 23% m-o-m. As a result, the export price attained the peak level of $398 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Oman ($351 per ton), while the average price for exports to Saudi Arabia ($173 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Turkey (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $312 per ton in 2022, jumping by 36% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ukraine ($326 per ton) and Uzbekistan ($314 per ton), while the price for Kazakhstan ($273 per ton) and Russia ($310 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Millet, Other than Seed in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of cereals; millet, other than seeds, which increased by 15% to 21K tons in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 157% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, cereals; millet, other than seed exports shrank to $6.4M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 120% against the previous year.
| Export of Cereals; Millet, Other than Seed in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 1,560 | 3,059 | 3,260 | 3,171 | 26.7% |
| Libya | 105 | 15.6 | 54.5 | 649 | 83.5% |
| Morocco | 60.6 | 5.3 | N/A | 464 | 97.1% |
| Israel | N/A | N/A | 0.2 | 336 | 167900.0% |
| Algeria | N/A | 15.8 | N/A | 251 | 298.6% |
| Syrian Arab Republic | 112 | 99.4 | 94.3 | 214 | 24.1% |
| Qatar | N/A | N/A | N/A | 213 | 0% |
| Indonesia | N/A | 805 | 2,266 | N/A | 181.5% |
| Others | 69.7 | 195 | 710 | 1,065 | 148.1% |
| Total | 1,907 | 4,195 | 6,386 | 6,364 | 49.4% |
Top Export Markets for Cereals; Millet, Other than Seed from Turkey in 2022:
- Iraq (11.9K tons)
- Libya (1.9K tons)
- Morocco (1.3K tons)
- Israel (1.1K tons)
- Algeria (1.1K tons)
- Syrian Arab Republic (0.8K tons)
- Qatar (0.7K tons)
Imports of Cereals; Millet, Other than Seed in Turkey
After three years of growth, supplies from abroad of cereals; millet, other than seeds decreased by -24.8% to 20K tons in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year.
In value terms, cereals; millet, other than seed imports rose modestly to $6.1M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 4.6 | 5.3 | 4.5 | 38.3% |
| Ukraine | 0.3 | 0.6 | 0.3 | 0.5 | 18.6% |
| Uzbekistan | 0.5 | 0.3 | N/A | 0.5 | 0.0% |
| Kazakhstan | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| United States | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Others | 0.4 | 0.4 | 0.1 | 0.1 | -37.0% |
| Total | 3.5 | 6.1 | 5.9 | 6.1 | 20.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Turkey in 2022:
- Russia (14.6K tons)
- Kazakhstan (1.8K tons)
- Uzbekistan (1.6K tons)
- Ukraine (1.5K tons)
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