Turkey: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Turkey

In 2021, the Turkish market for starch other than wheat, corn or potato decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Production of Starch other than Wheat, Corn or Potato in Turkey

In value terms, production of starch other than wheat, corn or potato reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Starch other than Wheat, Corn or Potato

Exports from Turkey

In 2021, approx. X tons of starch other than wheat, corn or potato were exported from Turkey; shrinking by -X% on the previous year's figure. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato shrank sharply to $X in 2021. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for exports of starch other than wheat, corn or potato from Turkey, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Sudan exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Iraq (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Iraq (-X% per year).

In value terms, the UK ($X) emerged as the key foreign market for starch other than wheat, corn or potato exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Sudan ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+X% per year) and Iraq (-X% per year).

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, jumping by X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for starch other than wheat, corn or potato increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into Turkey

Imports of starch other than wheat, corn or potato into Turkey skyrocketed to X tons in 2021, surging by X% against the year before. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Overall, imports recorded strong growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and Thailand (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Turkey, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of starch other than wheat, corn or potato to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Vietnam (-X% per year).

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for starch other than wheat, corn or potato increased by +X% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :