Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,851 per ton in 2022, increasing by 39% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +59.7% against 2020 indices. Over the period under review, average import prices hit record highs at $1,892 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($2,150 per ton), while the price for Mauritania ($1,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,970 per ton, jumping by 34% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +66.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 47% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($3,277 per ton) and Colombia ($3,154 per ton), while the average price for exports to France ($2,876 per ton) and Norway ($2,906 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s imported into Turkey soared to 81K tons, increasing by 18% on 2021 figures. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $150M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 39.9 | 35.3 | 46.7 | 69.7 | 20.4% |
| Chile | 14.0 | 20.3 | 14.2 | 27.8 | 25.7% |
| Georgia | 13.7 | 20.1 | 6.6 | 24.5 | 21.4% |
| Oman | 1.4 | 2.0 | 14.8 | 8.2 | 80.3% |
| Russia | 1.4 | 1.0 | 0.3 | 5.2 | 54.9% |
| Mauritania | 4.7 | 3.8 | 1.1 | 1.9 | -26.1% |
| Others | 9.9 | 5.6 | 7.8 | 13.2 | 10.1% |
| Total | 84.9 | 88.1 | 91.5 | 150 | 20.9% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Turkey in 2022:
- Norway (41.3K tons)
- Chile (15.5K tons)
- Georgia (11.8K tons)
- Oman (4.0K tons)
- Russia (2.4K tons)
- Mauritania (1.4K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey
In 2022, approx. 13K tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were exported from Turkey; rising by 94% compared with 2021 figures. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 132% against the previous year. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $40M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 1.2 | 10.3 | 8.9 | 12.3 | 117.2% |
| Denmark | 3.2 | 1.0 | N/A | 7.2 | 31.0% |
| Chile | 1.8 | 3.8 | 1.2 | 5.5 | 45.1% |
| France | 4.5 | 8.0 | N/A | 4.9 | 2.9% |
| Norway | 0.7 | 7.0 | 2.8 | 4.5 | 85.9% |
| Colombia | 1.2 | 1.6 | 1.7 | 2.9 | 34.2% |
| Morocco | 0.1 | N/A | N/A | 1.4 | 141.0% |
| Others | 0.3 | 0.6 | 0.7 | 0.9 | 44.2% |
| Total | 13.1 | 32.4 | 15.3 | 39.6 | 44.6% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Turkey in 2022:
- Peru (4.2K tons)
- Denmark (2.5K tons)
- France (1.7K tons)
- Chile (1.7K tons)
- Norway (1.5K tons)
- Colombia (0.9K tons)
- Morocco (0.5K tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Turkey.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Turkey.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
593
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
