Turkey - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey (FOB) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey (CIF) - 2022
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey (FOB) - 2023
In November 2023, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,171 per ton, remaining constant against the previous month. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 4% month-to-month. Over the period under review, the average export prices hit record highs at $1,647 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In November 2023, the countries with the highest prices were the United States ($1,281 per ton) and Syrian Arab Republic ($1,211 per ton), while the average price for exports to Jordan ($1,016 per ton) and Israel ($1,092 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (-1.9%), while the prices for the other major destinations experienced a decline.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey (CIF) - 2022
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,926 per ton in 2022, surging by 33% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 44%. The import price peaked at $2,027 per ton in 2012; however, from 2013 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 the Netherlands ($4,469 per ton), while the price for China ($1,296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey
In 2022, approx. 650K tons of sunflower-seed or safflower oil, refined, but not chemically modified were exported from Turkey; with an increase of 36% compared with 2021 figures. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 39%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $1.2B in 2022. Overall, 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 or Safflower Oil, Refined, But Not Chemically Modified in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Djibouti | 108 | 205 | 171 | 244 | 31.2% |
Libya | 19.0 | 55.2 | 45.3 | 121 | 85.4% |
Syrian Arab Republic | N/A | N/A | N/A | 104 | 0% |
Iraq | 56.4 | 58.9 | 49.0 | 95.5 | 19.2% |
Lebanon | 9.4 | 14.2 | 37.5 | 91.1 | 113.2% |
Yemen | 63.4 | 54.3 | 133 | 47.7 | -9.0% |
Afghanistan | 4.4 | 3.7 | 20.2 | 44.8 | 116.7% |
Israel | 12.6 | 18.1 | 39.1 | 40.7 | 47.8% |
United States | 3.4 | 13.2 | 24.7 | 38.5 | 124.6% |
United Arab Emirates | 8.5 | 10.6 | 8.2 | 35.4 | 60.9% |
Palestine | 8.5 | 8.0 | 9.0 | 29.1 | 50.7% |
Qatar | 8.3 | 7.2 | 9.3 | 20.7 | 35.6% |
Senegal | 6.1 | 15.3 | 14.9 | 18.7 | 45.3% |
Others | 122 | 174 | 171 | 243 | 25.8% |
Total | 430 | 638 | 732 | 1,175 | 39.8% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Turkey in 2022:
- Djibouti (137.8K tons)
- Libya (63.4K tons)
- Syrian Arab Republic (61.9K tons)
- Iraq (51.7K tons)
- Lebanon (50.3K tons)
- Yemen (25.1K tons)
- Afghanistan (24.3K tons)
- Israel (23.0K tons)
- United States (19.7K tons)
- United Arab Emirates (18.6K tons)
- Palestine (15.8K tons)
- Qatar (10.7K tons)
- Senegal (10.7K tons)
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey
For the third year in a row, Turkey recorded decline in purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which decreased by -76.2% to 3.1K tons in 2022. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -28.4% was in 2020.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified declined dramatically to $5.9M in 2022. In general, imports recorded a precipitous decline. The smallest decline of -23.2% was in 2020.
Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 34.6 | 28.8 | 15.8 | 2.3 | -59.5% |
Ukraine | 0.2 | 0.1 | 0.2 | 1.3 | 86.6% |
Netherlands | N/A | 0.1 | 0.4 | 1.0 | 216.2% |
Russia | N/A | N/A | N/A | 0.4 | 0% |
Belgium | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
Austria | 0.7 | 0.1 | 0.4 | 0.2 | -34.1% |
China | N/A | N/A | N/A | 0.1 | 0% |
Serbia | 2.1 | N/A | N/A | N/A | 0% |
Others | 0.6 | 0.3 | 1.4 | 0.3 | -20.6% |
Total | 38.4 | 29.5 | 18.5 | 5.9 | -46.4% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Turkey in 2022:
- Bosnia and Herzegovina (1501.1 tons)
- Ukraine (710.9 tons)
- Russia (237.0 tons)
- Netherlands (226.9 tons)
- Austria (97.2 tons)
- China (77.8 tons)
- Belgium (73.6 tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Turkey.
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Turkey.
This report provides an in-depth analysis of the cotton-seed oil market in Turkey.
This report provides an in-depth analysis of the cotton-seed oil market in Turkey.
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Turkey.
This report provides an in-depth analysis of the refined cotton-seed oil market in Turkey.
This report provides an in-depth analysis of the transmission shaft market in Turkey.
This report provides an in-depth analysis of the market for caustic soda in aqueous solution (soda lye) in Turkey.
This report provides an in-depth analysis of the market for reaction initiators and accelerators in Turkey.
This report provides an in-depth analysis of the market for marble and travertine blocks in Turkey.
Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
Global sunflower-seed and safflower oil consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
In 2015, the countries with the highest levels of sunflower-seed and safflower oil production were Ukraine (X thousand tons), Russia (X thousand tons), Turkey (X thousand tons), together accounting for X% of total output.
Ukraine dominates in the global trade of sunflower-seed and safflower oil. In 2014, Ukraine exported X thousand tons of sunflower-seed and safflower oil totaling X USD, X% over the previous year. Its primary trading partner was India, where i
The total output volume increased at an average annual rate of +1.0% over the period from 2007 to 2018.
In 2015, the countries with the highest levels of cotton-seed oil production were China (X thousand tons), India (X thousand tons), Pakistan (X thousand tons), together accounting for X% of total output.
In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...