Turkey - Wheat Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWheat Starch Price in Turkey - 2023
Contents:
- Wheat Starch Price in Turkey (CIF) - 2023
- Wheat Starch Price in Turkey (FOB) - 2022
- Wheat Starch Imports in Turkey
- Wheat Starch Exports in Turkey
Wheat Starch Price in Turkey (CIF) - 2023
The average wheat starch import price stood at $623 per ton in July 2023, falling by -2.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 45% m-o-m. The import price peaked at $778 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($1,272 per ton), while the price for Iran ($398 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wheat Starch Price in Turkey (FOB) - 2022
The average wheat starch export price stood at $1,662 per ton in 2022, with an increase of 6.1% against the previous year. In general, the export price, however, recorded a slight reduction. The growth pace was the most rapid in 2013 an increase of 23%. As a result, the export price attained the peak level of $2,290 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Azerbaijan ($2,661 per ton), while the average price for exports to Malaysia ($546 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 Azerbaijan (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wheat Starch Imports in Turkey
Wheat starch imports into Turkey rose to 13K tons in 2022, with an increase of 4% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wheat starch imports surged to $7.2M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% 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.
Import of Wheat Starch in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 225 | 1,268 | 1,259 | 1,892 | 103.4% |
Netherlands | 1,580 | 1,555 | 586 | 1,541 | -0.8% |
Iran | 937 | 747 | 1,156 | 1,170 | 7.7% |
Lithuania | 540 | 631 | 450 | 786 | 13.3% |
Kazakhstan | N/A | N/A | 90.6 | 626 | 590.9% |
Germany | 251 | 308 | 306 | 575 | 31.8% |
Italy | 360 | 262 | 63.0 | 279 | -8.1% |
Argentina | 192 | 175 | 72.6 | 87.8 | -23.0% |
France | 325 | 99.7 | 5.4 | 9.6 | -69.1% |
Others | 110 | 118 | 203 | 208 | 23.7% |
Total | 4,520 | 5,163 | 4,191 | 7,174 | 16.6% |
Top Suppliers of Wheat Starch to Turkey in 2022:
- France (undefinedK tons)
- Iran (4.3K tons)
- Belgium (2.9K tons)
- Netherlands (2.2K tons)
- Lithuania (1.1K tons)
- Kazakhstan (1.1K tons)
- Germany (0.6K tons)
- Italy (0.5K tons)
- Argentina (0.1K tons)
Wheat Starch Exports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of wheat starch, which increased by 213% to 685 tons in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wheat starch exports soared to $1.1M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wheat Starch in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 9.4 | 14.3 | 13.5 | 529 | 283.2% |
Lebanon | N/A | 1.8 | 2.1 | 160 | 842.8% |
Germany | 107 | 143 | 123 | 146 | 10.9% |
Iraq | 18.2 | 33.3 | 57.6 | 66.1 | 53.7% |
United Kingdom | 9.9 | 19.5 | 28.5 | 37.7 | 56.2% |
United Arab Emirates | 11.9 | 7.1 | 14.3 | 31.5 | 38.3% |
Taiwan (Chinese) | N/A | N/A | N/A | 19.1 | 0% |
Azerbaijan | 11.7 | 21.2 | 33.2 | 16.6 | 12.4% |
Malaysia | N/A | N/A | N/A | 12.0 | 0% |
Israel | 8.6 | N/A | 0.8 | N/A | -69.5% |
Others | 70.9 | 87.2 | 69.8 | 121 | 19.5% |
Total | 247 | 327 | 343 | 1,139 | 66.4% |
Top Export Markets for Wheat Starch from Turkey in 2022:
- United States (327.6 tons)
- Lebanon (79.8 tons)
- Germany (58.5 tons)
- Iraq (44.3 tons)
- Taiwan (Chinese) (35.0 tons)
- United Kingdom (22.8 tons)
- Malaysia (22.0 tons)
- United Arab Emirates (16.9 tons)
- Azerbaijan (6.2 tons)
This report provides an in-depth analysis of the wheat starch 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 10621111 - Wheat starch
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
This report provides an in-depth analysis of the wheat starch market in Turkey.
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In March 2023, the price of Inulin was $3,317 per ton (CIF, Turkey), showing a decrease of 5.3% compared to the previous month.
Exports of Maize Starch experienced a modest expansion, reaching $8.3M in July 2023, during a period of low growth from April 2023 to July 2023.
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
In March 2023, the price of Inulin was $3,317 per ton (CIF, Turkey), showing a decrease of 5.3% compared to the previous month.
Exports of Maize Starch experienced a modest expansion, reaching $8.3M in July 2023, during a period of low growth from April 2023 to July 2023.
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.