Turkey - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTurkey's Crude Soybean Oil Price Rises to $1,293 per Ton
Turkey Crude Soybean Oil Export Price in January 2023
In January 2023, the crude soybean oil price amounted to $1,293 per ton (FOB, Turkey), approximately equating the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 10% against the previous month. Over the period under review, the average export prices attained the maximum at $1,750 per ton in June 2022; however, from July 2022 to January 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In January 2023, the countries with the highest prices were Egypt ($1,364 per ton) and Iran ($1,281 per ton), while the average price for exports to Algeria ($1,215 per ton) and Iraq ($1,241 per ton) were amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
| COUNTRY | Export Price of Crude Soybean Oil in Turkey (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
| Egypt | N/A | 1,330 | 1,437 | N/A | 1,660 | N/A | 1,750 | N/A | N/A | 1,169 | N/A | 1,256 | 1,364 |
| Iran | N/A | N/A | N/A | N/A | N/A | 1,768 | 1,679 | 1,526 | 1,462 | 1,362 | 1,367 | 1,323 | 1,281 |
| Iraq | 1,324 | 1,347 | 1,539 | 1,628 | 1,700 | 1,609 | 1,420 | 1,333 | 1,295 | 1,257 | 1,300 | 1,300 | 1,241 |
| Algeria | N/A | 1,323 | N/A | 1,510 | 1,585 | 1,745 | 1,691 | 1,426 | 1,974 | 1,330 | 1,135 | 1,280 | 1,215 |
| India | 1,336 | 1,351 | 1,333 | 1,460 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Tunisia | 1,420 | 1,372 | 1,380 | N/A | 1,539 | 1,759 | 1,851 | 1,797 | 1,395 | 1,330 | N/A | N/A | N/A |
| Average | 1,370 | 1,334 | 1,387 | 1,530 | 1,622 | 1,750 | 1,696 | 1,510 | 1,395 | 1,274 | 1,253 | 1,280 | 1,293 |
Turkey Crude Soybean Oil Exports
In January 2023, crude soybean oil exports from Turkey dropped markedly to 17K tons, falling by -47.1% against the month before. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when exports increased by 135% m-o-m. As a result, the exports reached the peak of 40K tons. From November 2022 to January 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, crude soybean oil exports declined remarkably to $22M (IndexBox estimates) in January 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 with an increase of 118% month-to-month.
Turkey Crude Soybean Oil Exports by Country
Egypt (7.8K tons), Algeria (6K tons) and Iraq (2K tons) were the main destinations of crude soybean oil exports from Turkey, with a combined 94% share of total exports.
From January 2022 to January 2023, the biggest increases were in Iraq (with a CAGR of +8.8%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for crude soybean oil exported from Turkey were Egypt ($11M), Algeria ($7.3M) and Iraq ($2.5M), together comprising 94% of total exports.
In terms of the main countries of destination, Iraq, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the crude soybean 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 2030.
Product coverage:
- FCL 237 - Oil of Soybeans
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
