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Turkey - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in Turkey

In 2019, the Turkish crude groundnut oil market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a mild reduction. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. Crude groundnut oil consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Crude Groundnut Oil Production in Turkey

In value terms, crude groundnut oil production totaled $X in 2019 estimated in export prices. In general, the total production indicated a mild expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2011 to 2019, production growth failed to regain the momentum.

Crude Groundnut Oil Exports

Exports from Turkey

In 2019, overseas shipments of crude groundnut oil increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports stood at $X in 2019. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Kuwait (X tonnes) was the main destination for crude groundnut oil exports from Turkey, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Kuwait was relatively modest.

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2019, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2007 to 2019, the rate of growth in terms of prices for Kuwait amounted to X% per year.

Crude Groundnut Oil Imports

Imports into Turkey

Crude groundnut oil imports into Turkey totaled X kg in 2019, approximately reflecting 2018 figures. In general, imports enjoyed a resilient expansion. Over the period under review, imports hit record highs at X kg in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, crude groundnut oil imports totaled $X in 2019. Overall, imports saw significant growth. Imports peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2015, Belgium (X kg) was the main supplier of crude groundnut oil to Turkey, with a approx. X% share of total imports.

From 2007 to 2015, the average annual growth rate of volume from Belgium was relatively modest.

In value terms, Belgium ($X) constituted the largest supplier of crude groundnut oil to Turkey.

From 2007 to 2015, the average annual growth rate of value from Belgium was relatively modest.

Import Prices by Country

The average crude groundnut oil import price stood at $X per tonne in 2015, surging by X% against the previous year. Overall, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2007 to 2015, the rate of growth in terms of prices for Belgium amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?
+
China (128K tonnes) remains the largest crude groundnut oil consuming country worldwide, comprising approx. 41% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Italy (41K tonnes), threefold. The third position in this ranking was occupied by Senegal (35K tonnes), with a 11% share.
What are the largest producers of crude groundnut oil in the world?
+
The countries with the highest volumes of crude groundnut oil production in 2019 were Argentina (98K tonnes), Senegal (98K tonnes) and Brazil (70K tonnes), with a combined 78% share of global production. Nicaragua, Sudan, India and Gambia lagged somewhat behind, together comprising a further 19%.
What are the leading suppliers of crude groundnut oil to Turkey?
+
In value terms, Belgium ($446) constituted the largest supplier of crude groundnut oil to Turkey.
What is the average export price for crude groundnut oil in Turkey?
+
The average crude groundnut oil export price stood at $1,146 per tonne in 2019, approximately reflecting the previous year.
What is the average import price for crude groundnut oil in Turkey?
+
In 2015, the average crude groundnut oil import price amounted to $8,920 per tonne, rising by 49% against the previous year.

Product coverage:
• Prodcom 10412200 - Crude groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude groundnut 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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