Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,832 per ton, increasing by 11% against the previous year. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 88% against the previous year. As a result, import price attained the peak level of $26,545 per ton. From 2014 to 2022, the average import prices remained at a 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 Canada ($4,819 per ton), while the price for Russia amounted to $1,786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+56.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,556 per ton, jumping by 229% against the previous year. Overall, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($5,272 per ton), while the average price for exports to Austria ($1,300 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 Cyprus (+88.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds imported into Turkey dropped to 528 tons, with a decrease of -13.9% on the year before. Overall, imports saw a precipitous shrinkage.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined modestly to $967K in 2022. Over the period under review, imports faced a abrupt shrinkage.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Russia | 683 | 734 | 930 | 16.7% | |
| Canada | 100 | 50.4 | 31.0 | -44.3% | |
| Belgium | 450 | 224 | N/A | -50.2% | |
| Others | 0.4 | 0.7 | 6.1 | 290.5% | |
| Total | 1,233 | 1,010 | 967 | -11.4% | |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Turkey in 2022:
- Russia (520.5 tons)
- Canada (6.4 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey
In 2022, approx. 473 kg of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were exported from Turkey; dropping by -99.8% against the previous year's figure. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 570% against the previous year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped sharply to $2.2K in 2022. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 460%.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 7.0 | N/A | 0.2 | 1.7 | -37.6% |
| Cyprus | 1.4 | 1.3 | 1.5 | 0.2 | -47.7% |
| Austria | N/A | N/A | N/A | 0.1 | 0% |
| Germany | N/A | N/A | 0.1 | 0.1 | 0.0% |
| China | 1,638 | N/A | 364 | N/A | -52.9% |
| Others | 16.0 | 73.2 | 51.1 | 0.1 | -81.6% |
| Total | 1,662 | 74.6 | 417 | 2.2 | -89.0% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Turkey in 2022:
- Iraq (316.0 kg)
- Austria (70.0 kg)
- Cyprus (45.0 kg)
- Germany (35.0 kg)
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