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Turkey - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Overview of the Market for Crude Sunflower-Seed And Safflower Oil 2021

Market Size for Crude Sunflower-Seed And Safflower Oil in Turkey

In 2019, after four years of decline, there was growth in the Turkish market for crude sunflower-seed and safflower oil, when its value increased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Turkey

In value terms, crude sunflower-seed and safflower oil production shrank remarkably to $X in 2019 estimated in export prices. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Crude sunflower-seed and safflower oil production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Turkey

In 2019, overseas shipments of crude sunflower-seed and safflower oil decreased by -X% to X tonnes for the first time since 2014, thus ending a four-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2018, and then dropped dramatically in the following year.

In value terms, crude sunflower-seed and safflower oil exports dropped to $X in 2019. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018, and then reduced in the following year.

Exports by Country

Iraq (X tonnes) was the main destination for crude sunflower-seed and safflower oil exports from Turkey, with a X% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Iraq exceeded the volume sent to the second major destination, the U.S. (X tonnes), more than tenfold. Iran (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Iraq totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Iran (+X% per year).

In value terms, Iraq ($X) remains the key foreign market for crude sunflower-seed and safflower oil exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value to Iraq stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the export price saw a mild increase. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Iran ($X per tonne), while the average price for exports to Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Turkey

In 2019, after four years of decline, there was significant growth in overseas purchases of crude sunflower-seed and safflower oil, when their volume increased by X% to X tonnes. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports amounted to $X in 2019. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Russia (X tonnes) constituted the largest supplier of crude sunflower-seed and safflower oil to Turkey, accounting for a X% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Russia exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tonnes), more than tenfold. Bulgaria (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+X% per year) and Bulgaria (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Bosnia and Herzegovina ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+X% per year) and Bulgaria (+X% per year).

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Bosnia and Herzegovina ($X per tonne) and Serbia ($X per tonne), while the price for Russia ($X per tonne) and Bulgaria ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Serbia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?
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China (7.2M tonnes) remains the largest crude sunflower-seed and safflower oil consuming country worldwide, accounting for 18% of total volume. Moreover, crude sunflower-seed and safflower oil consumption in China exceeded the figures recorded by the second-largest consumer, India (2.9M tonnes), twofold. The U.S. (1.9M tonnes) ranked third in terms of total consumption with a 4.9% share.
What are the largest producers of crude sunflower-seed and safflower oil in the world?
+
The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2019 were China (6.4M tonnes), Ukraine (5.1M tonnes) and Russia (3.9M tonnes), with a combined 39% share of global production.
What are the leading suppliers of crude sunflower-seed and safflower oil to Turkey?
+
In value terms, Russia ($349M) constituted the largest supplier of crude sunflower-seed and safflower oil to Turkey, comprising 87% of total imports. The second position in the ranking was occupied by Bosnia and Herzegovina ($26M), with a 6.5% share of total imports. It was followed by Bulgaria, with a 4% share.
What are the leading importers of crude sunflower-seed and safflower oil from Turkey?
+
In value terms, Iraq ($6.7M) remains the key foreign market for crude sunflower-seed and safflower oil exports from Turkey, comprising 75% of total exports. The second position in the ranking was occupied by Iran ($798K), with a 9% share of total exports. It was followed by the U.S., with a 8.1% share.
What is the average export price for crude sunflower-seed and safflower oil in Turkey?
+
In 2019, the average export price for crude sunflower-seed and safflower oil amounted to $925 per tonne, increasing by 12% against the previous year.
What is the average import price for crude sunflower-seed and safflower oil in Turkey?
+
In 2019, the average import price for crude sunflower-seed and safflower oil amounted to $707 per tonne, with a decrease of -10.6% against the previous year.

Product coverage:
• Prodcom 10412400 - Crude sunflower-seed and safflower oil and their fractions (excluding chemically modified)

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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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