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Turkey - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights

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Mar 13, 2023

Turkey's Prepared or Preserved Nut Price Increases Slightly to $5,324 per Ton

Turkey Nuts (Prepared Or Preserved) Export Price in December 2022

In December 2022, the nuts (prepared or preserved) price amounted to $5,324 per ton (FOB, Turkey), with an increase of 1.5% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 3.7% month-to-month. The export price peaked at $5,542 per ton in January 2022; however, from February 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Ukraine ($6,933 per ton), while the average price for exports to Iraq ($3,317 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Nuts (Prepared Or Preserved) Exports

Nuts (prepared or preserved) exports from Turkey reduced slightly to 14K tons in December 2022, declining by -3.7% compared with the previous month's figure. The total export volume increased at an average monthly rate of +1.7% over the period from January 2022 to December 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in June 2022 with an increase of 37% month-to-month. The exports peaked at 14K tons in November 2022, and then reduced slightly in the following month.

In value terms, nuts (prepared or preserved) exports reduced to $73M (IndexBox estimates) in December 2022. The total export value increased at an average monthly rate of +1.3% over the period from January 2022 to December 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in June 2022 with an increase of 33% m-o-m. Over the period under review, the exports attained the maximum at 75K tons in November 2022, and then reduced slightly in the following month.

Turkey Nuts (Prepared Or Preserved) Exports by Country

Germany (4.5K tons) was the main destination for nuts (prepared or preserved) exports from Turkey, accounting for a 33% share of total exports. Moreover, nuts (prepared or preserved) exports to Germany exceeded the volume sent to the second major destination, the Netherlands (832 tons), fivefold. Poland (551 tons) ranked third in terms of total exports with a 4% share.

From January 2022 to December 2022, the average monthly growth rate of volume to Germany amounted to +4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+0.4% per month) and Poland (-0.0% per month).

In value terms, Germany ($26M) remains the key foreign market for nuts (prepared or preserved) exports from Turkey, comprising 35% of total exports. The second position in the ranking was held by the Netherlands ($4.4M), with a 6% share of total exports. It was followed by France, with a 4.3% share.

From January 2022 to December 2022, the average monthly rate of growth in terms of value to Germany amounted to +4.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (-0.9% per month) and France (-1.1% per month).

Factors Affecting Turkey Nut Prices

There are several factors that can affect Turkey's export nut prices.

The supply and demand of nuts can have a significant impact on prices. If there is a high demand for Turkish nuts but a limited supply, prices are likely to rise.

Weather conditions, such as drought or frost, can impact the size and quality of the nut crop, which can in turn affect prices.

The value of the Turkish lira against other currencies can also affect nut prices. If the lira is weak, Turkish nuts become more affordable to foreign buyers, which can increase demand and drive prices up.

Changes in trade policies and tariffs can also affect the demand and price of Turkish nuts in international markets. For example, if tariffs are imposed on Turkish nuts by a major importing country, this can reduce demand and drive prices down.

The quality of Turkish nuts and their reputation in international markets can also affect prices. If Turkish nuts are perceived as high quality and have a strong reputation, this can increase demand and drive prices up.

The cost of transporting Turkish nuts to international markets can also impact prices. If transportation costs increase, this can reduce profits for exporters, which may lead to higher prices for customers.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nuts (prepared or preserved) 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:

  • Prodcom 10392390 - Prepared or preserved nuts (other than groundnuts), and other seeds and mixtures (excluding by vinegar or acetic acid, f rozen, purees and pastes, preserved by sugar)

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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