Non-Liquid Margarine Price in Turkey - 2023
Contents:
- Non-Liquid Margarine Price in Turkey (FOB) - 2023
- Non-Liquid Margarine Price in Turkey (CIF) - 2022
- Non-Liquid Margarine Exports in Turkey
- Non-Liquid Margarine Imports in Turkey
Non-Liquid Margarine Price in Turkey (FOB) - 2023
In July 2023, the average non-liquid margarine export price amounted to $1,332 per ton, approximately reflecting the previous month. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 7.7% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,668 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Saudi Arabia ($1,881 per ton), while the average price for exports to Madagascar ($988 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Price in Turkey (CIF) - 2022
In 2022, the average non-liquid margarine import price amounted to $2,126 per ton, surging by 34% against the previous year. Overall, the import price, however, saw a mild setback. Over the period under review, average import prices attained the peak figure at $2,395 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,888 per ton), while the price for Greece ($1,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Turkey
In 2022, approx. 36K tons of non-liquid margarine were exported from Turkey; waning by -2.9% against the year before. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.9%.
In value terms, non-liquid margarine exports surged to $52M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Non-Liquid Margarine in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 14.1 | 13.2 | 20.4 | 18.5 | 9.5% |
| Syrian Arab Republic | N/A | N/A | N/A | 8.6 | 0% |
| Georgia | 4.9 | 3.8 | 5.6 | 5.9 | 6.4% |
| Lebanon | 0.3 | 1.1 | 1.5 | 2.7 | 108.0% |
| Madagascar | 1.7 | 1.6 | 2.0 | 2.1 | 7.3% |
| Albania | 1.2 | 0.8 | 1.8 | 1.8 | 14.5% |
| Cyprus | 0.9 | 0.8 | 1.1 | 1.6 | 21.1% |
| Palestine | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Mauritania | 0.4 | 0.5 | 1.0 | 1.0 | 35.7% |
| Israel | 1.8 | 1.9 | 1.8 | 1.0 | -17.8% |
| Germany | 1.2 | 1.1 | 0.8 | 0.9 | -9.1% |
| Others | 7.5 | 6.9 | 7.2 | 7.2 | -1.4% |
| Total | 34.1 | 31.7 | 43.4 | 52.4 | 15.4% |
Top Export Markets for Non-Liquid Margarine from Turkey in 2022:
- Iraq (12.4K tons)
- Syrian Arab Republic (6.1K tons)
- Georgia (3.9K tons)
- Lebanon (2.1K tons)
- Madagascar (1.7K tons)
- Albania (1.1K tons)
- Cyprus (0.9K tons)
- Israel (0.8K tons)
- Palestine (0.8K tons)
- Mauritania (0.7K tons)
- Germany (0.6K tons)
Non-Liquid Margarine Imports in Turkey
In 2022, approx. 723 tons of non-liquid margarine were imported into Turkey; which is down by -64.2% against 2021. In general, imports saw a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year.
In value terms, non-liquid margarine imports fell significantly to $1.5M in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $3.2M, and then fell rapidly in the following year.
| Import of Non-Liquid Margarine in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,514 | 1,317 | 2,733 | 1,284 | -5.3% |
| Belgium | 266 | 83.2 | 88.2 | 118 | -23.7% |
| Iraq | 28.0 | 15.0 | N/A | 88.1 | 46.5% |
| Ukraine | N/A | 132 | N/A | 17.1 | -64.0% |
| Greece | 519 | 346 | 350 | N/A | -17.9% |
| Romania | 232 | 226 | 22.1 | N/A | -69.1% |
| Others | 62.2 | 14.5 | 8.3 | 30.1 | -21.5% |
| Total | 2,622 | 2,133 | 3,202 | 1,538 | -16.3% |
Top Suppliers of Non-Liquid Margarine to Turkey in 2022:
- Greece (undefined tons)
- Spain (623.9 tons)
- Belgium (40.9 tons)
- Iraq (39.0 tons)
- Ukraine (10.8 tons)
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