Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (CIF) - 2024
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,231 per ton, increasing by 4.4% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 23% against the previous month. As a result, the export price attained the peak level of $3,076 per ton. From May 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Germany ($4,160 per ton), while the average price for exports to Venezuela ($1,320 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (CIF) - 2024
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,768 per ton in January 2024, rising by 5.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 36% month-to-month. The import price peaked at $4,499 per ton in August 2023; however, from September 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($6,162 per ton), while the price for Poland ($2,626 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Turkey totaled 17K tons, approximately equating 2021 figures. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses expanded markedly to $39M in 2022. The total export value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $43M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 6.7 | 8.6 | 8.1 | 7.7 | 4.7% |
| Germany | 4.3 | 4.6 | 4.1 | 6.9 | 17.1% |
| Syrian Arab Republic | N/A | N/A | N/A | 2.4 | 0% |
| Somalia | 0.6 | 1.2 | 2.4 | 2.3 | 56.5% |
| United Arab Emirates | 7.5 | 9.7 | 6.5 | 1.9 | -36.7% |
| United States | 0.2 | 1.0 | 2.2 | 1.8 | 108.0% |
| Venezuela | 0.1 | 0.5 | 1.2 | 1.6 | 152.0% |
| Qatar | 1.3 | 0.6 | 0.7 | 1.0 | -8.4% |
| Lebanon | 0.2 | 0.3 | 1.2 | 0.9 | 65.1% |
| Azerbaijan | 0.6 | 0.8 | 0.8 | 0.9 | 14.5% |
| Kenya | 0.4 | 0.3 | 0.6 | 0.8 | 26.0% |
| Oman | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Iran | 0.8 | 0.8 | 0.7 | 0.2 | -37.0% |
| Others | 7.2 | 15.0 | 6.9 | 10.6 | 13.8% |
| Total | 29.8 | 43.4 | 35.5 | 39.4 | 9.8% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Turkey in 2022:
- Iraq (4.5K tons)
- Germany (2.3K tons)
- Syrian Arab Republic (1.6K tons)
- Somalia (1.4K tons)
- Venezuela (0.8K tons)
- United Arab Emirates (0.6K tons)
- United States (0.5K tons)
- Kenya (0.4K tons)
- Qatar (0.3K tons)
- Oman (0.3K tons)
- Lebanon (0.3K tons)
- Azerbaijan (0.3K tons)
- Iran (0.1K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey
In 2022, imports of soups and broths and preparations therefor; homogenised composite food preparationses into Turkey expanded to 670 tons, surging by 2.2% against the previous year. Overall, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses reduced slightly to $2.2M in 2022. In general, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 10%.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 353 | 769 | 117.8% |
| Poland | 373 | 59.0 | 449 | 526 | 12.1% |
| Hungary | 142 | 130 | 146 | 248 | 20.4% |
| Spain | 20.6 | 9.5 | 77.9 | 230 | 123.5% |
| Germany | 78.6 | 235 | 184 | 171 | 29.6% |
| China | 0.8 | N/A | 44.2 | 80.1 | 364.4% |
| Cote d'Ivoire | N/A | N/A | N/A | 22.4 | 0% |
| Czech Republic | 1,777 | 1,446 | 700 | N/A | -37.2% |
| Others | 150 | 134 | 270 | 127 | -5.4% |
| Total | 2,542 | 2,014 | 2,224 | 2,172 | -5.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Turkey in 2022:
- France (258.7 tons)
- Poland (198.6 tons)
- Hungary (70.3 tons)
- Spain (42.7 tons)
- Germany (31.1 tons)
- China (28.9 tons)
- Cote d'Ivoire (13.1 tons)
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