Turkey: Grain Market 2024

Grain Market Size in Turkey

After two years of decline, the Turkish grain market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Turkey

In value terms, grain production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average grain yield in Turkey rose notably to X tons per ha, increasing by X% on 2021. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The grain yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of grain in Turkey totaled X ha, remaining stable against the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports from Turkey

In 2022, shipments abroad of grain increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, grain exports soared to $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Iraq (X tons) was the main destination for grain exports from Turkey, accounting for a X% share of total exports. Moreover, grain exports to Iraq exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Italy (X% per year).

In value terms, Iraq ($X) remains the key foreign market for grain exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Italy (X% per year).

Export Prices by Country

The average grain export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a slight increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Israel ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Turkey

In 2022, the amount of grain imported into Turkey was estimated at X tons, remaining stable against 2021. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, grain imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Moldova (X% per year).

In value terms, Russia ($X) constituted the largest supplier of grain to Turkey, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Moldova, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Moldova (X% per year).

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, surging by X% 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 X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Kazakhstan ($X per ton) and Russia ($X per ton), while the price for Moldova ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :