Turkey: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Turkey

The Turkish flaked or rolled cereal market contracted slightly to $X in 2022, dropping by -2.2% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.4% against 2017 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Flaked or Rolled Cereals in Turkey

In value terms, flaked or rolled cereal production fell rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 857% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Flaked or Rolled Cereals

Exports from Turkey

In 2022, approx. X tons of flaked or rolled cereals were exported from Turkey; reducing by -16.4% against 2021 figures. In general, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of 456%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, flaked or rolled cereal exports fell slightly to $X in 2022. Overall, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2018 when exports increased by 346% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for flaked or rolled cereal exports from Turkey, with a 67% share of total exports. Moreover, flaked or rolled cereal exports to the United States exceeded the volume sent to the second major destination, Iraq (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-6.2% per year) and Saudi Arabia (-6.8% per year).

In value terms, the United States ($X) remains the key foreign market for flaked or rolled cereals exports from Turkey, comprising 72% of total exports. The second position in the ranking was taken by Iraq ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-9.2% per year) and Saudi Arabia (-5.2% per year).

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, rising by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 29% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Flaked or Rolled Cereals

Imports into Turkey

In 2022, imports of flaked or rolled cereals into Turkey soared to X tons, picking up by 32% compared with the previous year. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 125%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, flaked or rolled cereal imports surged to $X in 2022. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest flaked or rolled cereal supplier to Turkey, accounting for a 50% share of total imports. Moreover, flaked or rolled cereal imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +371.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+50.8% per year) and Ukraine (-3.4% per year).

In value terms, the largest flaked or rolled cereal suppliers to Turkey were Russia ($X), Kazakhstan ($X) and Ukraine ($X), together accounting for 83% of total imports.

In terms of the main suppliers, Kazakhstan, with a CAGR of +314.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average flaked or rolled cereal import price amounted to $X per ton, shrinking by -8.1% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :