Turkey - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Soybean Oil Price in Turkey - 2023
Contents:
- Refined Soybean Oil Price in Turkey (FOB) - 2022
- Refined Soybean Oil Price in Turkey (CIF) - 2022
- Refined Soybean Oil Exports in Turkey
- Refined Soybean Oil Imports in Turkey
Refined Soybean Oil Price in Turkey (FOB) - 2022
The average refined soybean oil export price stood at $1,807 per ton in 2022, rising by 34% against the previous year. In general, the export price showed a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,955 per ton), while the average price for exports to Turkmenistan ($1,506 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 the United States (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Soybean Oil Price in Turkey (CIF) - 2022
The average refined soybean oil import price stood at $3,870 per ton in 2022, with an increase of 37% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 124% against the previous year. Over the period under review, average import prices attained the maximum at $10,322 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 France ($6,178 per ton), while the price for Italy ($2,112 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Soybean Oil Exports in Turkey
In 2022, shipments abroad of refined soybean oil and its fractions decreased by -84.6% to 874 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 538%. As a result, the exports attained the peak of 5.7K tons, and then contracted dramatically in the following year.
In value terms, refined soybean oil exports declined notably to $1.6M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 878% against the previous year. As a result, the exports reached the peak of $7.6M, and then dropped notably in the following year.
| Export of Refined Soybean Oil in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 985 | 0% |
| Turkmenistan | 144 | 188 | 89.4 | 499 | 51.3% |
| Azerbaijan | N/A | N/A | 79.0 | 42.4 | -46.3% |
| Venezuela | N/A | 137 | 124 | N/A | -9.5% |
| Syrian Arab Republic | 54.0 | N/A | 42.8 | N/A | -11.0% |
| United States | N/A | 298 | N/A | N/A | 0% |
| Eritrea | N/A | N/A | 6,663 | N/A | 0% |
| Canada | N/A | 67.6 | 594 | N/A | 778.7% |
| Others | 139 | 90.3 | 37.1 | 52.1 | -27.9% |
| Total | 337 | 780 | 7,629 | 1,579 | 67.3% |
Top Export Markets for Refined Soybean Oil from Turkey in 2022:
- United Arab Emirates (504.0 tons)
- Turkmenistan (331.5 tons)
- Azerbaijan (25.1 tons)
Refined Soybean Oil Imports in Turkey
In 2022, approx. 159 tons of refined soybean oil and its fractions were imported into Turkey; shrinking by -11.3% against 2021 figures. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 372%. As a result, imports attained the peak of 180 tons, and then dropped in the following year.
In value terms, refined soybean oil imports surged to $617K in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 145% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Refined Soybean Oil in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.8 | N/A | 187 | 353 | 256.4% |
| France | 2.8 | 43.2 | 72.8 | 139 | 267.5% |
| Netherlands | 28.8 | 34.4 | 46.8 | 95.6 | 49.2% |
| Germany | 68.9 | 116 | 147 | 22.8 | -30.8% |
| Italy | 2.9 | 3.3 | 3.2 | 3.2 | 3.3% |
| Malaysia | 40.8 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 47.6 | N/A | 0% |
| Others | 0.8 | 10.3 | 2.9 | 3.9 | 69.6% |
| Total | 153 | 207 | 508 | 617 | 59.2% |
Top Suppliers of Refined Soybean Oil to Turkey in 2022:
- Belgium (111.5 tons)
- France (22.4 tons)
- Netherlands (18.9 tons)
- Germany (3.9 tons)
- Italy (1.5 tons)
This report provides an in-depth analysis of the refined soybean 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 10415100 - Refined soya-bean 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
-
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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This report provides an in-depth analysis of the refined soybean oil market in Turkey.
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This report provides an in-depth analysis of the soybean oil market in Turkey.
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This report provides an in-depth analysis of the soybean oil market in Turkey.
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This report provides an in-depth analysis of the crude soybean oil market in Turkey.
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This report provides an in-depth analysis of the global refined soybean oil market.
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This report provides an in-depth analysis of the global soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global crude soybean oil market.
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This report provides an in-depth analysis of the refined soybean oil market in Turkey.
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This report provides an in-depth analysis of the soybean oil market in Turkey.
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In January 2023, the soybean oil price amounted to $1,293 per ton (FOB, Turkey), remaining constant against the previous month.
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In January 2023, the crude soybean oil price amounted to $1,293 per ton (FOB, Turkey), approximately equating the previous month.
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
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The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
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Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.
