Price for Homogenised Composite Food Preparations in Turkey - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Turkey (FOB) - 2022
2. Price for Homogenised Composite Food Preparations in Turkey (CIF) - 2023
3. Exports of Homogenised Composite Food Preparations in Turkey
4. Imports of Homogenised Composite Food Preparations in Turkey

Price for Homogenised Composite Food Preparations in Turkey (FOB) - 2022

In 2022, the average homogenised composite food preparations export price amounted to $2,235 per ton, which is down by -9.5% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 an increase of 60% against the previous year. As a result, the export price attained the peak level of $6,363 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($6,227 per ton), while the average price for exports to Somalia ($1,716 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 South Africa (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Homogenised Composite Food Preparations in Turkey (CIF) - 2023

In January 2023, the average homogenised composite food preparations import price amounted to $3,551 per ton, picking up by 14% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 20% against the previous month. As a result, import price reached the peak level of $3,890 per ton. From March 2022 to January 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($5,097 per ton), while the price for France ($3,006 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Homogenised Composite Food Preparations in Turkey

In 2022, overseas shipments of homogenised composite food preparationses decreased by -5.9% to 1K tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 211%. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, homogenised composite food preparations exports dropped to $2.3M in 2022. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 382% against the previous year. As a result, the exports attained the peak of $7.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Homogenised Composite Food Preparations from Turkey in 2022:

1. Somalia (565.2 tons)
2. Lebanon (85.8 tons)
3. Egypt (47.8 tons)
4. South Africa (46.5 tons)
5. Netherlands (45.6 tons)
6. Venezuela (43.5 tons)
7. United States (28.7 tons)
8. Cyprus (23.5 tons)
9. United Arab Emirates (22.4 tons)
10. Canada (20.6 tons)
11. Azerbaijan (16.7 tons)
12. United Kingdom (2.7 tons)

Imports of Homogenised Composite Food Preparations in Turkey

Homogenised composite food preparations imports into Turkey amounted to 576 tons in 2022, approximately equating the year before. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.8%. Imports peaked at 698 tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, homogenised composite food preparations imports contracted modestly to $1.8M in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 9.2% against the previous year. Over the period under review, imports hit record highs at $2.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Homogenised Composite Food Preparations to Turkey in 2022:

1. France (258.7 tons)
2. Poland (166.3 tons)
3. Hungary (70.3 tons)
4. Spain (36.3 tons)
5. Iran (21.9 tons)
6. Germany (17.4 tons)