Turkey - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Turkey - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Turkey (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Turkey (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Turkey
- Exports of Sunflower-Seed and Safflower Oil in Turkey
Price for Sunflower-Seed and Safflower Oil in Turkey (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $863 per ton in July 2023, with a decrease of -4.4% against the previous month. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 0.5% against the previous month. Over the period under review, average import prices reached the peak figure at $1,777 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Ukraine ($865 per ton), while the price for Russia totaled $845 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ukraine (-5.7%).
Price for Sunflower-Seed and Safflower Oil in Turkey (FOB) - 2023
The average sunflower-seed and safflower oil export price stood at $1,096 per ton in July 2023, waning by -6.5% against the previous month. In general, the export price showed a pronounced decrease. The growth pace was the most rapid in January 2023 when the average export price increased by 4.9% m-o-m. Over the period under review, the average export prices attained the maximum at $1,985 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,859 per ton), while the average price for exports to India ($795 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.7%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed and Safflower Oil in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of sunflower-seed and safflower oil, which increased by 60% to 1.5M tons in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil imports surged to $2.2B in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed and Safflower Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 328 | 537 | 1,060 | 1,188 | 53.6% |
| Ukraine | 11.4 | 68.1 | 58.6 | 970 | 339.8% |
| Bulgaria | 17.0 | 21.4 | 59.3 | 25.7 | 14.8% |
| Bosnia and Herzegovina | 66.1 | 51.1 | 15.8 | 7.7 | -51.2% |
| Others | 15.5 | 29.4 | 9.7 | 12.5 | -6.9% |
| Total | 438 | 707 | 1,204 | 2,204 | 71.4% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Turkey in 2022:
- Russia (764.3K tons)
- Ukraine (657.8K tons)
- Bulgaria (17.6K tons)
- Bosnia and Herzegovina (5.1K tons)
Exports of Sunflower-Seed and Safflower Oil in Turkey
In 2022, the amount of sunflower-seed and safflower oil exported from Turkey soared to 1.1M tons, increasing by 75% compared with the year before. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil exports soared to $1.9B in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sunflower-Seed and Safflower Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 103 | 103 | 144 | 490 | 68.2% |
| Djibouti | 108 | 205 | 171 | 268 | 35.4% |
| India | 2.1 | N/A | N/A | 210 | 364.2% |
| Libya | 19.0 | 55.2 | 45.3 | 121 | 85.4% |
| Syrian Arab Republic | N/A | N/A | N/A | 105 | 0% |
| Lebanon | 9.4 | 14.2 | 41.2 | 91.1 | 113.2% |
| United States | 8.5 | 15.8 | 24.7 | 48.2 | 78.3% |
| Yemen | 63.4 | 54.3 | 133 | 47.7 | -9.0% |
| Afghanistan | 4.4 | 3.7 | 20.2 | 44.8 | 116.7% |
| United Arab Emirates | 8.7 | 11.3 | 9.6 | 44.6 | 72.4% |
| Saudi Arabia | 5.2 | 4.6 | 0.1 | 42.0 | 100.6% |
| Israel | 12.6 | 18.2 | 39.2 | 40.7 | 47.8% |
| Somalia | 28.5 | 26.4 | 14.2 | 14.1 | -20.9% |
| Others | 120 | 216 | 278 | 321 | 38.8% |
| Total | 493 | 728 | 920 | 1,888 | 56.5% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Turkey in 2022:
- Iraq (302.8K tons)
- Djibouti (149.8K tons)
- India (123.2K tons)
- Libya (63.4K tons)
- Syrian Arab Republic (62.1K tons)
- Lebanon (50.3K tons)
- United States (25.2K tons)
- Yemen (25.1K tons)
- United Arab Emirates (24.9K tons)
- Saudi Arabia (24.6K tons)
- Afghanistan (24.3K tons)
- Israel (23.0K tons)
- Somalia (7.8K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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