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Turkey - Cereal Germ - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Mar 7, 2024

Turkey's Cereal Germ Imports Plummet to $2.6M in December 2023

Turkey Cereal Germ Imports

In December 2023, overseas purchases of cereal germ decreased by -25.3% to 5.4K tons, falling for the third month in a row after three months of growth. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 with an increase of 966% against the previous month.

In value terms, cereal germ imports declined sharply to $2.6M (IndexBox estimates) in December 2023. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in May 2023 with an increase of 1,205% m-o-m. Turkey Cereal Germ Imports By Country (Million USD)

COUNTRY	Import Value of Cereal Germ in Turkey (million USD)
COUNTRY	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023
Russia	1.6	N/A	1.7	1.6	N/A	N/A	1.2	1.9	2.4	1.0	2.3	1.1	1.4
Bulgaria	5.2	0.8	2.1	1.8	N/A	2.9	N/A	1.0	1.7	2.4	1.2	2.1	0.6
Romania	0.6	0.6	0.5	0.6	0.2	N/A	N/A	0.5	N/A	0.8	0.7	N/A	0.5
Serbia	0.3	0.3	0.2	0.6	N/A	0.5	N/A	0.3	0.2	< 0.1	0.3	0.1	N/A
Austria	1.4	N/A	N/A	N/A	N/A	0.9	N/A	N/A	N/A	0.8	N/A	N/A	N/A
Hungary	4.4	N/A	0.7	N/A	N/A	N/A	N/A	N/A	N/A	0.5	0.6	N/A	N/A
Others	0.3	< 0.1	0.1	< 0.1	< 0.1	< 0.1	< 0.1	< 0.1	0.2	< 0.1	0.2	0.2	< 0.1
Total	13.7	1.7	5.2	4.7	0.3	4.3	1.2	3.7	4.6	5.5	5.1	3.6	2.6

Imports by Country

In December 2023, Russia (2.9K tons) constituted the largest supplier of cereal germ to Turkey, with a 54% share of total imports. Moreover, cereal germ imports from Russia exceeded the figures recorded by the second-largest supplier, Romania (1.2K tons), twofold.

From December 2022 to December 2023, the average monthly growth rate of volume from Russia totaled +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Romania (+4.1% per month) and Bulgaria (-14.0% per month).

In value terms, Russia ($1.4M) constituted the largest supplier of cereal germ to Turkey, comprising 54% of total imports. The second position in the ranking was taken by Bulgaria ($633K), with a 24% share of total imports.

From December 2022 to December 2023, the average monthly rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Bulgaria (-16.0% per month) and Romania (-0.9% per month).

Import Prices by Country

In December 2023, the cereal germ price amounted to $480 per ton (CIF, Turkey), which is down by -3% against the previous month. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in July 2023 an increase of 29% month-to-month. Over the period under review, average import prices reached the maximum at $739 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Bulgaria ($546 per ton) and Russia ($485 per ton), while the price for Uzbekistan ($370 per ton) and Romania ($419 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cereal germ market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Turkey - Cereal Germ - Market Analysis, Forecast, Size, Trends And Insights

Turkey's Cereal Germ Imports Plummet to $2.6M in December 2023

Turkey Cereal Germ Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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