Price for Vegetable Products Not Elsewhere Specified or Included in Turkey - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Turkey (FOB) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Turkey (CIF) - 2024
- Exports of Vegetable Products Not Elsewhere Specified or Included in Turkey
- Imports of Vegetable Products Not Elsewhere Specified or Included in Turkey
Price for Vegetable Products Not Elsewhere Specified or Included in Turkey (FOB) - 2024
The average export price for vegetable products not elsewhere specified or includeds stood at $195 per ton in July 2023, which is down by -49.5% against the previous month. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in March 2023 an increase of 16% against the previous month. As a result, the export price reached the peak level of $446 per ton. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($631 per ton), while the average price for exports to Syrian Arab Republic ($70.0 per ton) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Turkey (CIF) - 2024
In July 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $235 per ton, which is down by -27.1% against the previous month. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in May 2023 an increase of 23% month-to-month. Over the period under review, average import prices attained the maximum at $361 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($640 per ton), while the price for Iran ($42.0 per ton) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Vegetable Products Not Elsewhere Specified or Included in Turkey
In 2022, approx. 226K tons of vegetable products not elsewhere specified or includeds were exported from Turkey; rising by 52% compared with 2021 figures. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 285%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vegetable products not elsewhere specified or includeds surged to $35M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 161% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Products Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 1.1 | 2.3 | 5.7 | 11.7 | 119.9% |
| China | 5.3 | 3.6 | 17.7 | 10.0 | 23.6% |
| Spain | 2.3 | 2.3 | 2.1 | 4.4 | 24.1% |
| United States | N/A | N/A | 0.2 | 3.8 | 1800.0% |
| Others | 3.2 | 3.2 | 4.1 | 5.3 | 18.3% |
| Total | 12.0 | 11.4 | 29.8 | 35.4 | 43.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Turkey in 2022:
- Syrian Arab Republic (188.6K tons)
- China (18.8K tons)
- Spain (7.4K tons)
- United States (6.9K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Turkey
In 2022, imports of vegetable products not elsewhere specified or includeds into Turkey soared to 42K tons, picking up by 53% on 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds rose rapidly to $14M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +56.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Vegetable Products Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 2.9 | 3.8 | 5.5 | 6.1 | 28.1% |
| India | 2.9 | 3.2 | 2.8 | 3.7 | 8.5% |
| Iran | 0.5 | 0.8 | 0.5 | 0.8 | 17.0% |
| Afghanistan | 0.5 | 0.8 | 1.3 | 0.6 | 6.3% |
| Georgia | N/A | N/A | N/A | 0.5 | 0% |
| Azerbaijan | 0.1 | 1.3 | 0.3 | 0.4 | 58.7% |
| Moldova | 0.8 | 0.4 | 0.3 | N/A | -38.8% |
| Others | 1.4 | 2.0 | 2.7 | 2.1 | 14.5% |
| Total | 9.0 | 12.3 | 13.3 | 14.1 | 16.1% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Turkey in 2022:
- Iran (14.1K tons)
- Sri Lanka (12.2K tons)
- India (6.5K tons)
- Georgia (4.8K tons)
- Azerbaijan (2.0K tons)
- Afghanistan (0.6K tons)
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