Turkey - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Turkey Averages $1,303 per Ton
Turkey Palm Oil Import Price in July 2022
In July 2022, the palm oil price stood at $1,303 per ton (CIF, Turkey), standing approximately at the previous month. Over the last six months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in April 2022 an increase of 13% month-to-month. The import price peaked at $1,350 per ton in May 2022; however, from June 2022 to July 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2022, the country with the highest price was Indonesia ($1,574 per ton), while the price for Malaysia totaled $1,292 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%).
Turkey Palm Oil Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was crude palm oil ($2,000 per ton), while the price for refined palm oil stood at $1,303 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by refined palm oil (+1.7%).
Turkey Palm Oil Imports
Palm oil imports into Turkey fell to 66K tons in July 2022, reducing by -10.7% on the month before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 with an increase of 29% month-to-month. Imports peaked at 81K tons in March 2022; however, from April 2022 to July 2022, imports remained at a lower figure.
In value terms, palm oil imports contracted to $86M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +1.7% from January 2022 to July 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in June 2022 when imports increased by 22% against the previous month. As a result, imports reached the peak of $95M, and then declined in the following month.
Turkey Palm Oil Imports by Type
In July 2022, refined palm oil (66K tons) was the main type of palm oil supplied to Turkey, accounting for a 99.9% share of total imports. It was followed by crude palm oil (2 kg), with less than 0.1% share of total imports.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of refined palm oil was relatively modest.
In value terms, refined palm oil ($86M) constituted the largest type of palm oil supplied to Turkey, comprising 99.9% of total imports. The second position in the ranking was held by crude palm oil ($4), with less than 0.1% share of total imports.
Turkey Palm Oil Imports by Country
In July 2022, Malaysia (64K tons) was the main supplier of palm oil to Turkey, with a 97% share of total imports. Moreover, palm oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (2.2K tons), more than tenfold.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Malaysia was relatively modest.
In value terms, Malaysia ($82M) constituted the largest supplier of palm oil to Turkey, comprising 96% of total imports. The second position in the ranking was taken by Indonesia ($3.5M), with a 4.1% share of total imports.
From January 2022 to July 2022, the average monthly growth rate of value from Malaysia amounted to +1.0%.
This report provides an in-depth analysis of the palm 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 257 - Oil of palm
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
