Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (FOB) - 2023
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (CIF) - 2023
In November 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,005 per ton, approximately mirroring the previous month. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in June 2023 an increase of 9.3% against the previous month. The import price peaked at $5,614 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($5,068 per ton), while the price for Cote d'Ivoire stood at $4,631 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.9%).
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (FOB) - 2023
In November 2023, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,637 per ton, increasing by 7.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 9.7% against the previous month. Over the period under review, the average export prices hit record highs at $6,062 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Russia ($6,550 per ton), while the average price for exports to Kazakhstan ($3,633 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey
In 2022, supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -8.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 58%. As a result, imports attained the peak of 15K tons, and then declined in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $75M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 33.8 | 44.7 | 52.4 | 62.1 | 22.5% |
| Cote d'Ivoire | 0.2 | 0.1 | 2.6 | 10.2 | 270.8% |
| Mozambique | 1.9 | 1.0 | 0.3 | N/A | -60.3% |
| Others | 5.5 | 2.8 | 2.5 | 2.8 | -20.2% |
| Total | 41.4 | 48.5 | 57.7 | 75.1 | 22.0% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Turkey in 2022:
- Vietnam (10.9K tons)
- Cote d'Ivoire (2.1K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey
Exports of nuts, edible; cashew nuts, shelled, fresh or drieds from Turkey surged to 4K tons in 2022, rising by 20% on the year before. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 120%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $25M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 92%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 3.4 | 4.0 | 6.5 | 5.1 | 14.5% |
| Syrian Arab Republic | 1.8 | 1.0 | 2.3 | 3.4 | 23.6% |
| Egypt | N/A | 0.5 | 0.7 | 3.0 | 144.9% |
| Russia | N/A | N/A | N/A | 2.9 | 0% |
| Libya | N/A | 0.3 | 1.2 | 2.3 | 176.9% |
| Kyrgyzstan | N/A | N/A | 0.3 | 2.0 | 566.7% |
| Kazakhstan | N/A | N/A | N/A | 1.0 | 0% |
| Lebanon | 0.5 | 0.7 | 1.4 | 0.6 | 6.3% |
| Turkmenistan | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Belarus | N/A | N/A | N/A | 0.5 | 0% |
| Iran | N/A | N/A | 0.4 | 0.5 | 25.0% |
| Algeria | 0.1 | 0.3 | 0.1 | 0.5 | 71.0% |
| Azerbaijan | 0.3 | 2.1 | 3.2 | 0.1 | -30.7% |
| Others | 0.5 | 0.9 | 2.7 | 2.1 | 61.3% |
| Total | 6.6 | 10.0 | 19.1 | 24.6 | 55.0% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Turkey in 2022:
- Iraq (1007.9 tons)
- Syrian Arab Republic (621.7 tons)
- Russia (426.6 tons)
- Egypt (386.6 tons)
- Libya (338.1 tons)
- Kyrgyzstan (321.8 tons)
- Kazakhstan (142.1 tons)
- Lebanon (90.4 tons)
- Iran (89.2 tons)
- Turkmenistan (87.6 tons)
- Algeria (77.6 tons)
- Belarus (72.6 tons)
- Azerbaijan (23.9 tons)
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