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Turkey - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Turkey

In 2020, the Turkish palm kernel oil market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a mild decline. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Turkey

Palm kernel oil exports from Turkey surged to X tonnes in 2020, rising by X% compared with 2019 figures. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, palm kernel oil exports surged to $X in 2020. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Russia (X tonnes) was the main destination for palm kernel oil exports from Turkey, accounting for a X% share of total exports. Moreover, palm kernel oil exports to Russia exceeded the volume sent to the second major destination, Greece (X tonnes), twofold. Ukraine (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for palm kernel oil exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Greece ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Georgia (+X% per year).

Export Prices by Country

In 2020, the average palm kernel oil export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Georgia ($X per tonne), while the average price for exports to Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Georgia, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Turkey

In 2020, overseas purchases of palm kernel and babassu oil increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, palm kernel oil imports surged to $X in 2020. Overall, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest supplier of palm kernel oil to Turkey, accounting for a X% share of total imports. Moreover, palm kernel oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia stood at +X%.

In value terms, Malaysia ($X) constituted the largest supplier of palm kernel oil to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Malaysia stood at +X%.

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Malaysia ($X per tonne), while the price for Indonesia amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?
+
The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (842K tonnes), with a combined 66% share of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia (5.1M tonnes) constituted the country with the largest volume of palm kernel oil production, comprising approx. 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. Thailand (300K tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to Turkey?
+
In value terms, Malaysia ($53M) constituted the largest supplier of palm kernel oil to Turkey, comprising 85% of total imports. The second position in the ranking was occupied by Indonesia ($9.4M), with a 15% share of total imports.
What are the leading importers of palm kernel and babassu oil from Turkey?
+
In value terms, Russia ($2M) emerged as the key foreign market for palm kernel oil exports from Turkey, comprising 64% of total exports. The second position in the ranking was occupied by Greece ($728K), with a 23% share of total exports. It was followed by Georgia, with a 8.7% share.
What is the average export price for palm kernel and babassu oil in Turkey?
+
In 2020, the average palm kernel oil export price amounted to $835 per tonne, which is down by -45.9% against the previous year.
What is the average import price for palm kernel and babassu oil in Turkey?
+
In 2020, the average palm kernel oil import price amounted to $830 per tonne, growing by 1.5% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the palm kernel 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

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 2030
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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