Turkey - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Turkey - 2021
Contents:
- Virgin Olive Oil Price in Turkey (FOB) - 2021
- Virgin Olive Oil Price in Turkey (CIF) - 2021
- Virgin Olive Oil Exports in Turkey
- Virgin Olive Oil Imports in Turkey
Virgin Olive Oil Price in Turkey (FOB) - 2021
In December 2021, the average virgin olive oil export price amounted to $3,250 per ton, rising by 2.2% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2021 an increase of 12% month-to-month. The export price peaked at $3,368 per ton in August 2021; however, from September 2021 to December 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Oman ($4,212 per ton), while the average price for exports to Israel ($2,257 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Price in Turkey (CIF) - 2021
In December 2021, the average virgin olive oil import price amounted to $2,805 per ton, increasing by 15% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.8%. Over the period under review, average import prices reached the maximum at $2,852 per ton in July 2021; however, from August 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($7,784 per ton), while the price for Syrian Arab Republic ($2,745 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Exports in Turkey
In 2022, exports of virgin olive oil from Turkey shrank to 35K tons, declining by -9.4% on the year before. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of 38K tons, and then contracted in the following year.
In value terms, virgin olive oil exports shrank significantly to $99M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $117M, and then declined dramatically in the following year.
| Export of Virgin Olive Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.6 | 6.0 | 19.3 | 15.5 | 4.5% |
| Saudi Arabia | 19.2 | 22.1 | 9.8 | 13.6 | -10.9% |
| United States | 13.2 | 11.8 | 15.4 | 12.4 | -2.1% |
| Japan | 7.0 | 6.5 | 12.3 | 9.9 | 12.2% |
| Israel | 3.7 | 5.5 | 10.2 | 8.2 | 30.4% |
| Iran | 8.5 | 2.2 | 6.8 | 5.4 | -14.0% |
| Germany | 1.7 | 2.5 | 3.7 | 2.9 | 19.5% |
| Jordan | 0.1 | N/A | 3.3 | 2.6 | 196.2% |
| United Arab Emirates | 3.8 | 2.6 | 2.5 | 2.4 | -14.2% |
| Italy | 1.9 | 1.0 | 2.7 | 2.2 | 5.0% |
| Australia | 2.0 | 1.7 | 2.5 | 2.0 | 0.0% |
| Egypt | 0.6 | 0.5 | 2.4 | 1.9 | 46.8% |
| Kuwait | 2.0 | 1.6 | 2.2 | 1.8 | -3.5% |
| Others | 13.8 | 17.2 | 23.8 | 18.2 | 9.7% |
| Total | 90.9 | 81.2 | 117 | 99.0 | 2.9% |
Top Export Markets for Virgin Olive Oil from Turkey in 2022:
- Spain (5.8K tons)
- Saudi Arabia (5.4K tons)
- United States (3.7K tons)
- Israel (3.6K tons)
- Japan (2.8K tons)
- Iran (2.0K tons)
- United Arab Emirates (1.1K tons)
- Jordan (1.1K tons)
- Italy (0.9K tons)
- Egypt (0.7K tons)
- Australia (0.6K tons)
- Germany (0.6K tons)
- Kuwait (0.6K tons)
Virgin Olive Oil Imports in Turkey
In 2022, approx. 35K tons of virgin olive oil were imported into Turkey; picking up by 26% against 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, imports reached the peak of 42K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, virgin olive oil imports stood at $69M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, imports attained the peak of $70M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Virgin Olive Oil in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.5 | 11.7 | 40.5 | 39.2 | 36.2% |
| Tunisia | 11.7 | 53.1 | 8.8 | 23.3 | 25.8% |
| Italy | 0.9 | 1.7 | 4.0 | 3.9 | 63.0% |
| Greece | 0.8 | 0.2 | 2.5 | 2.5 | 46.2% |
| Cyprus | N/A | N/A | 5.6 | N/A | 0% |
| Iran | 17.6 | N/A | N/A | N/A | 0% |
| Others | 11.8 | 3.7 | 5.7 | N/A | -30.5% |
| Total | 58.4 | 70.5 | 67.2 | 68.9 | 5.7% |
Top Suppliers of Virgin Olive Oil to Turkey in 2022:
- Spain (18.6K tons)
- Tunisia (12.9K tons)
- Greece (1.9K tons)
- Italy (1.3K tons)
This report provides an in-depth analysis of the virgin olive 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:
- FCL 261 - Oil of Olives, Virgin
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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This report provides an in-depth analysis of the virgin olive oil market in Turkey.
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This report provides an in-depth analysis of the olive oil market in Turkey.
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This report provides an in-depth analysis of the global virgin olive oil market.
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This report provides an in-depth analysis of the global olive oil market.
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This report provides an in-depth analysis of the virgin olive oil market in Turkey.
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This report provides an in-depth analysis of the olive oil market in Turkey.
363
This report provides an in-depth analysis of the refined olive oil market in Turkey.
5047
This report provides an in-depth analysis of the global virgin olive oil market.
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In January 2023, the refined olive oil price amounted to $4,361 per ton (FOB, Turkey), rising by 3% against the previous month.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
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In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
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Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
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Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
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The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
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In January 2023, the refined olive oil price amounted to $4,361 per ton (FOB, Turkey), rising by 3% against the previous month.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
