Turkey - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Turkey - 2023
Contents:
- Refined Maize Oil Price in Turkey (FOB) - 2023
- Refined Maize Oil Price in Turkey (CIF) - 2022
- Refined Maize Oil Exports in Turkey
- Refined Maize Oil Imports in Turkey
Refined Maize Oil Price in Turkey (FOB) - 2023
The average refined maize oil export price stood at $1,546 per ton in July 2023, shrinking by -10.4% against the previous month. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in December 2022 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,460 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were Israel ($1,862 per ton) and the United States ($1,802 per ton), while the average price for exports to the United Arab Emirates ($1,376 per ton) and Saudi Arabia ($1,423 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-2.8%), while the prices for the other major destinations experienced a decline.
Refined Maize Oil Price in Turkey (CIF) - 2022
In 2022, the average refined maize oil import price amounted to $3,423 per ton, which is down by -2.3% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 142%. Over the period under review, average import prices attained the maximum at $5,700 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,632 per ton), while the price for Belgium ($536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Exports in Turkey
In 2022, exports of refined maize (corn) oil from Turkey dropped rapidly to 49K tons, with a decrease of -15.4% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of 58K tons, and then contracted markedly in the following year.
In value terms, refined maize oil exports stood at $100M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 69%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Refined Maize Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 34.2 | 36.6 | 70.2 | 66.3 | 24.7% |
| Israel | 3.7 | 2.3 | 9.1 | 11.3 | 45.1% |
| United Arab Emirates | 1.7 | 1.5 | 2.9 | 7.8 | 66.2% |
| Azerbaijan | 2.7 | 2.9 | 3.4 | 3.7 | 11.1% |
| Palestine | N/A | 1.1 | 4.4 | 2.3 | 44.6% |
| Saudi Arabia | 2.3 | 0.9 | N/A | 1.3 | -17.3% |
| Others | 8.3 | 12.9 | 8.6 | 6.8 | -6.4% |
| Total | 53.0 | 58.2 | 98.5 | 99.6 | 23.4% |
Top Export Markets for Refined Maize Oil from Turkey in 2022:
- Libya (33.2K tons)
- Israel (5.2K tons)
- United Arab Emirates (4.2K tons)
- Azerbaijan (1.7K tons)
- Palestine (1.1K tons)
- Saudi Arabia (0.7K tons)
Refined Maize Oil Imports in Turkey
Refined maize oil imports into Turkey fell notably to 5.8 tons in 2022, dropping by -26.7% against the previous year. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 877%.
In value terms, refined maize oil imports reduced notably to $20K in 2022. Over the period under review, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 614%.
| Import of Refined Maize Oil in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 2.6 | 16.5 | 534.6% |
| Spain | N/A | N/A | 4.5 | 3.1 | -31.1% |
| Belgium | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Oman | N/A | 3.7 | N/A | N/A | 0% |
| Germany | 8.9 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 27.0 | 0.1 | 20.7 | N/A | -12.4% |
| Others | 1.4 | N/A | 0.1 | 0.1 | -58.5% |
| Total | 37.4 | 3.9 | 27.9 | 20.0 | -18.8% |
Top Suppliers of Refined Maize Oil to Turkey in 2022:
- Sweden (4.6 tons)
- Spain (0.8 tons)
- Belgium (0.5 tons)
This report provides an in-depth analysis of the refined maize oil market 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 10621460 - Refined maize (corn) oil and its 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.
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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
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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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Exports of Refined Maize Oil reached a peak of 58K tons in 2021, but in 2022 to 2023, the amount dropped slightly. In terms of value, exports decreased to $91M in 2023.
389
In September 2022, the refined maize oil price amounted to $2,261 per ton, therefore (FOB, Turkey), remained relatively stable against the previous month.
375
As of July 2023, the price of Maize Oil is $1,417 per ton (FOB, Turkey), reflecting a decrease of -13.8% compared to the previous month.
1510
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1440
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1722
The maize oil market reached X million USD, rising with an annual increase of X%.
1403
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
2211
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3377
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1823
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
