Price for Flours and Meals; of Soya Beans in Turkey - 2024

Contents:

1. Price for Flours and Meals; of Soya Beans in Turkey (FOB) - 2022
2. Price for Flours and Meals; of Soya Beans in Turkey (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Turkey
4. Imports of Flours and Meals; of Soya Beans in Turkey

Price for Flours and Meals; of Soya Beans in Turkey (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $975 per ton, growing by 16% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $1,071 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($1,125 per ton), while the average price for exports to Syrian Arab Republic ($748 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 Pakistan (+3.3%), while the prices for the other major destinations experienced a decline.

Price for Flours and Meals; of Soya Beans in Turkey (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,694 per ton in 2022, picking up by 58% against the previous year. In general, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 903%. Over the period under review, average import prices attained the maximum at $11,213 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Austria ($1,694 per ton), while the price for India ($833 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of flours and meals; of soya beanses, which increased by 128% to 1.2K tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 196%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of flours and meals; of soya beanses surged to $1.2M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 245% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Flours and Meals; of Soya Beans from Turkey in 2022:

1. Iraq (633.0 tons)
2. Syrian Arab Republic (494.0 tons)
3. Pakistan (29.0 tons)

Imports of Flours and Meals; of Soya Beans in Turkey

In 2022, the amount of flours and meals; of soya beanses imported into Turkey declined rapidly to 29 tons, shrinking by -63.3% compared with 2021. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 224%. As a result, imports reached the peak of 78 tons, and then reduced rapidly in the following year.

In value terms, imports of flours and meals; of soya beanses shrank markedly to $48K in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 261%. As a result, imports reached the peak of $83K, and then fell remarkably in the following year.

Top Suppliers of Flours and Meals; of Soya Beans to Turkey in 2022:

1. Austria (28.5 tons)

Source: IndexBox Market Intelligence Platform