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Turkey - Palm Kernels - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Palm Kernel Market Overview 2021

Palm Kernel Market Size in Turkey

The Turkish palm kernel market declined notably to $X in 2020, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a dramatic setback. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Palm kernel consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Exports

Exports from Turkey

In 2020, overseas shipments of palm kernels increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, palm kernel exports surged to $X in 2020. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Syrian Arab Republic (X tonnes) was the main destination for palm kernel exports from Turkey, with a X% share of total exports. Moreover, palm kernel exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Yemen (X tonnes), threefold. Germany (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 Syrian Arab Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+X% per year) and Germany (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-X% per year) and Austria (-X% per year).

Export Prices by Country

The average palm kernel export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Yemen ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Imports

Imports into Turkey

In 2020, imports of palm kernels into Turkey dropped dramatically to X tonnes, waning by -X% on the year before. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, palm kernel imports reduced dramatically to $X in 2020. Over the period under review, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Greece (X tonnes), the U.S. (X tonnes) and Egypt (X tonnes) were the main suppliers of palm kernel imports to Turkey, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and Greece (+X% per year).

Import Prices by Country

In 2020, the average palm kernel import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price, however, showed a pronounced reduction. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?
+
Indonesia (12M tonnes) remains the largest palm kernel consuming country worldwide, accounting for 58% of total volume. Moreover, palm kernel consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (5M tonnes), twofold. The third position in this ranking was occupied by Thailand (744K tonnes), with a 3.6% share.
What are the largest producers of palm kernels in the world?
+
Indonesia (12M tonnes) constituted the country with the largest volume of palm kernel production, comprising approx. 58% of total volume. Moreover, palm kernel production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (5M tonnes), twofold. Thailand (745K tonnes) ranked third in terms of total production with a 3.6% share.
What are the leading suppliers of palm kernels to Turkey?
+
In value terms, Brazil ($168K) constituted the largest supplier of palm kernel to Turkey, comprising 38% of total imports. The second position in the ranking was occupied by Lebanon ($42K), with a 9.4% share of total imports. It was followed by Greece, with a 8.4% share.
What are the leading importers of palm kernels from Turkey?
+
In value terms, Germany ($180K) emerged as the key foreign market for palm kernel exports from Turkey, comprising 60% of total exports. The second position in the ranking was occupied by Syrian Arab Republic ($33K), with a 11% share of total exports. It was followed by Austria, with a 6.8% share.
What is the average export price for palm kernels in Turkey?
+
In 2020, the average palm kernel export price amounted to $6,854 per tonne, falling by -75% against the previous year.
What is the average import price for palm kernels in Turkey?
+
In 2020, the average palm kernel import price amounted to $4,053 per tonne, surging by 209% against the previous year.

Product coverage:
• FCL 256 - Palm kernels

This report provides an in-depth analysis of the palm kernel 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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