Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey - 2023

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $4,077 per ton, picking up by 114% against the previous year. In general, the import price, however, saw a dramatic setback. The import price peaked at $98,231 per ton in 2013; however, from 2014 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 Peru ($8,686 per ton), while the price for Indonesia totaled $2,276 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+31.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $1,239 per ton, which is down by -88.8% against the previous year. In general, the export price showed a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 558%. The export price peaked at $11,053 per ton in 2021, and then shrank dramatically in the following year.

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 Cyprus ($7,531 per ton), while the average price for exports to Iraq ($848 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 Germany (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey

In 2022, approx. 6.3 tons of flour and meal; of sago, roots or tubers of heading no. 0714 were imported into Turkey; waning by -60.2% compared with the year before. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 408% against the previous year. As a result, imports attained the peak of 16 tons, and then contracted dramatically in the following year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 dropped to $26K in 2022. Overall, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $30K, and then dropped in the following year.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Turkey in 2022:

1. Indonesia (4.5 tons)
2. Peru (1.8 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Turkey

Exports of flour and meal; of sago, roots or tubers of heading no. 0714 from Turkey soared to 5.1 tons in 2022, with an increase of 1,084% on the year before. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $6.3K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 122%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Turkey in 2022:

1. Iraq (4803.0 kg)
2. Cyprus (194.0 kg)
3. United Kingdom (100.0 kg)
4. United Arab Emirates (2.0 kg)
5. Azerbaijan (1.0 kg)

Source: IndexBox Market Intelligence Platform