Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey - 2024

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey (FOB) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey (CIF) - 2024
3. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey
4. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,434 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 102%. The export price peaked at $2,950 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($2,143 per ton), while the average price for exports to Iraq ($708 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 Jordan (+0.6%), while the prices for the other major destinations experienced a decline.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey (CIF) - 2024

In July 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,627 per ton, remaining constant against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 13% m-o-m. Over the period under review, average import prices attained the maximum at $1,648 per ton in June 2023, and then contracted slightly in the following month.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($1,764 per ton), while the price for Egypt amounted to $1,606 per ton.

From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey

Exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Turkey declined to 3.2K tons in 2022, which is down by -10.7% on 2021 figures. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,973% against the previous year. As a result, the exports attained the peak of 3.6K tons, and then shrank in the following year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced to $4.7M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,435% against the previous year. As a result, the exports reached the peak of $5.2M, and then reduced in the following year.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Turkey in 2022:

1. Slovakia (1113.1 tons)
2. Spain (320.3 tons)
3. Italy (227.4 tons)
4. Iraq (175.4 tons)
5. Hungary (155.1 tons)
6. Azerbaijan (132.3 tons)
7. Poland (128.0 tons)
8. Bosnia and Herzegovina (121.5 tons)
9. Jordan (94.1 tons)
10. Georgia (93.2 tons)
11. Bulgaria (92.7 tons)
12. Serbia (80.3 tons)
13. Moldova (64.9 tons)

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Turkey

In 2022, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell into Turkey skyrocketed to 921 tons, jumping by 91% compared with 2021 figures. Overall, imports, however, saw a abrupt curtailment.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell skyrocketed to $1.5M in 2022. Over the period under review, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Turkey in 2022:

1. Egypt (734.9 tons)
2. Iran (118.5 tons)
3. Russia (31.2 tons)
4. Portugal (16.0 tons)

Source: IndexBox Market Intelligence Platform