Price for Sugars; Fructose, Chemically Pure, in Solid Form in Turkey - 2024
Contents:
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (FOB) - 2024
- Price for Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (CIF) - 2024
- Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey
- Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (FOB) - 2024
The average export price for sugars; fructose, chemically pure, in solid form stood at $1,547 per ton in July 2023, which is down by -2% against the previous month. Over the period from February 2023 to July 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 6.8% month-to-month. As a result, the export price reached the peak level of $1,595 per ton. From June 2023 to July 2023, 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 ($1,698 per ton), while the average price for exports to India ($1,060 per ton) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (CIF) - 2024
In July 2023, the average import price for sugars; fructose, chemically pure, in solid form amounted to $2,054 per ton, increasing by 36% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $2,181 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Israel.
From February 2023 to July 2023, the rate of growth in terms of prices for Finland amounted to +4.3% per month.
Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey
After three years of growth, overseas shipments of sugars; fructose, chemically pure, in solid form decreased by -7.5% to 108K tons in 2022. The total export volume increased at an average annual rate of +9.9% 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 23% against the previous year.
In value terms, exports of sugars; fructose, chemically pure, in solid form surged to $97M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.2 | 4.9 | 6.4 | 13.2 | 46.5% |
| Netherlands | 11.2 | 13.1 | 15.5 | 10.3 | -2.8% |
| Russia | 5.3 | 5.9 | 6.0 | 9.1 | 19.7% |
| Italy | 7.4 | 5.7 | 5.7 | 8.3 | 3.9% |
| United States | 2.8 | 4.2 | 2.3 | 8.2 | 43.1% |
| Malaysia | 0.5 | 1.7 | 2.5 | 4.4 | 106.5% |
| Spain | 1.6 | 2.9 | 3.8 | 4.4 | 40.1% |
| United Kingdom | 1.9 | 1.7 | 2.1 | 3.9 | 27.1% |
| China | 0.6 | 4.5 | 9.1 | 3.6 | 81.7% |
| South Korea | 2.5 | 2.2 | 2.0 | 3.5 | 11.9% |
| Bulgaria | 0.1 | 0.6 | 1.2 | 2.1 | 175.9% |
| France | 1.7 | 1.6 | 1.0 | 2.0 | 5.6% |
| Czech Republic | 0.8 | 1.3 | 1.0 | 1.9 | 33.4% |
| Others | 15.4 | 15.7 | 18.4 | 22.2 | 13.0% |
| Total | 56.0 | 65.9 | 76.9 | 97.0 | 20.1% |
Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Turkey in 2022:
- Germany (20.1K tons)
- Netherlands (13.9K tons)
- Italy (9.0K tons)
- Russia (9.0K tons)
- United States (8.2K tons)
- United Kingdom (4.1K tons)
- China (4.1K tons)
- Malaysia (4.0K tons)
- Spain (3.9K tons)
- South Korea (3.5K tons)
- Czech Republic (2.6K tons)
- Bulgaria (2.6K tons)
- France (2.3K tons)
Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey
In 2022, imports of sugars; fructose, chemically pure, in solid form into Turkey surged to 3.3K tons, picking up by 23% on 2021 figures. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 90%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of sugars; fructose, chemically pure, in solid form surged to $4.8M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Sugars; Fructose, Chemically Pure, in Solid Form in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 0.9 | 1.1 | 2.6 | 3.6 | 58.7% |
| Finland | 0.8 | 0.6 | 0.6 | 1.0 | 7.7% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 1.8 | 1.8 | 3.3 | 4.8 | 38.7% |
Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Turkey in 2022:
- Israel (2.6K tons)
- Finland (0.7K tons)
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