Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey - 2024

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey (FOB) - 2024
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey (FOB) - 2024

In January 2024, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $884 per ton, standing approximately at the previous month. Overall, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 25% month-to-month. The export price peaked at $1,745 per ton in February 2023; however, from March 2023 to January 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,522 per ton), while the average price for exports to Algeria amounted to $850 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.3%).

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,425 per ton in 2022, rising by 10% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 346% against the previous year. As a result, import price reached the peak level of $3,772 per ton. From 2016 to 2022, the average import prices remained at a somewhat 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 the UK ($2,417 per ton), while the price for Italy ($1,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 exported from Turkey soared to 1.1K tons, rising by 87% against 2021 figures. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 162%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $1.5M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Turkey in 2022:

1. Germany (427.2 tons)
2. Netherlands (193.5 tons)
3. France (125.0 tons)
4. United States (104.8 tons)
5. Sweden (41.4 tons)
6. Bulgaria (36.2 tons)
7. Syrian Arab Republic (32.2 tons)
8. Belgium (26.6 tons)
9. Bahrain (26.0 tons)
10. Switzerland (16.8 tons)
11. United Arab Emirates (2.0 tons)
12. Saudi Arabia (0.6 tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Turkey

After three years of growth, overseas purchases of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -28.5% to 29 tons in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 4,604%. As a result, imports reached the peak of 40 tons, and then shrank remarkably in the following year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 dropped markedly to $41K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 3,241%. As a result, imports reached the peak of $52K, and then declined dramatically in the following year.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Turkey in 2022:

1. Netherlands (25.0 tons)
2. Canada (3.3 tons)
3. United Kingdom (0.5 tons)

Source: IndexBox Market Intelligence Platform