Turkey - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's Poppy Seed Price Decreases by 2% to $3,754 per Metric Ton
Turkey Poppy Seed Export Price in March 2023
In March 2023, the poppy seed price stood at $3,754 per ton (FOB, Turkey), shrinking by -2.2% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 44% m-o-m. As a result, the export price reached the peak level of $4,274 per ton. From June 2022 to March 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,840 per ton), while the average price for exports to Uzbekistan ($423 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Poppy Seed in Turkey (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| United States | 3,221 | 3,816 | 4,667 | 4,082 | 4,258 | 4,030 | 3,726 | 5,140 | 4,006 | 3,958 | 4,205 | 4,061 | 5,840 |
| Malaysia | 3,178 | 3,593 | N/A | 2,961 | 3,372 | 3,206 | 3,545 | 3,555 | 3,331 | 3,089 | 4,203 | 3,944 | 4,007 |
| Slovenia | 3,650 | N/A | N/A | 3,696 | N/A | N/A | 3,778 | N/A | N/A | N/A | N/A | N/A | 3,972 |
| Japan | 3,609 | N/A | 3,291 | 3,313 | 3,353 | 3,010 | N/A | 3,511 | 3,409 | 3,603 | 3,636 | N/A | 3,899 |
| Germany | 3,147 | 2,955 | 3,393 | 2,984 | 3,020 | 3,017 | 3,365 | 3,589 | 6,301 | 3,951 | 5,644 | 4,069 | 3,844 |
| Poland | N/A | 2,760 | 2,555 | 3,268 | 2,200 | 2,931 | N/A | N/A | N/A | N/A | N/A | N/A | 3,811 |
| Uzbekistan | 494 | 503 | N/A | N/A | N/A | N/A | N/A | N/A | 431 | N/A | N/A | N/A | 423 |
| Nepal | 3,922 | 3,644 | N/A | 3,506 | N/A | N/A | N/A | 2,115 | 3,500 | N/A | N/A | N/A | N/A |
| India | N/A | N/A | 4,308 | 4,199 | N/A | N/A | 3,334 | N/A | N/A | N/A | N/A | N/A | N/A |
| Average | 3,441 | 2,975 | 4,274 | 3,890 | 2,944 | 3,092 | 3,154 | 3,153 | 2,989 | 3,098 | 3,641 | 3,840 | 3,754 |
Turkey Poppy Seed Exports
For the third month in a row, Turkey recorded decline in overseas shipments of poppy seed, which decreased by -8.4% to 216 tons in March 2023. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in May 2022 with an increase of 1,079% m-o-m. As a result, the exports attained the peak of 13K tons. From June 2022 to March 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, poppy seed exports reduced to $811K (IndexBox estimates) in March 2023. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in May 2022 with an increase of 1,594% month-to-month. As a result, the exports attained the peak of $57M. From June 2022 to March 2023, the growth of the exports remained at a lower figure.
Turkey Poppy Seed Exports by Country
Malaysia (64 tons), Japan (36 tons) and Germany (31 tons) were the main destinations of poppy seed exports from Turkey, with a combined 60% share of total exports. Poland, Uzbekistan, Slovenia and the United States lagged somewhat behind, together comprising a further 36%.
From March 2022 to March 2023, the biggest increases were in Uzbekistan (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Malaysia ($256K), Japan ($140K) and Germany ($118K) appeared to be the largest markets for poppy seed exported from Turkey worldwide, with a combined 63% share of total exports. the United States, Poland, Slovenia and Uzbekistan lagged somewhat behind, together comprising a further 32%.
In terms of the main countries of destination, Uzbekistan, with a CAGR of +6.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the poppy seed 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 296 - Poppy seed
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
