What is the price of canola oil per kilogram/pound in Turkey today?
The retail price range for Turkey canola oil is between US$ 0.81 and US$ 2.34 per kilogram or between US$ 0.37 and US$ 1.06 per pound(lb). Click here to see today's exact prices of canola oil in Turkey
The retail price range in Turkish Lira for canola oil is between TRY 16.08 and TRY 46.35 per kilogram or between TRY 7.29 and TRY 21.02 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey canola oil is between US$ 0.57 and US$ 1.64 per kilogram or between US$ 0.26 and US$ 0.74 per pound(lb).
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Turkey Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Turkey over the last five years has been relatively stable. In 2017, the price was 1.07 US $ per kg, followed by 0.86 US $ per kg in 2018. In 2019, the price increased to 1.12 US $ per kg, and then to 1.21 US $ per kg in 2020. The highest price was recorded in 2021, at 1.51 US $ per kg. The most recent price was 1.86 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Canola Oil from Turkey will be around 1.90 US $ per kg in 2023 and 1.95 US $ per kg in 2024.The canola oil exports from Turkey are classified as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
Turkey Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into Turkey has seen a steady decline over the last five years. In 2012, the price was 1.80 US dollars per kg, and this decreased to 1.94 US dollars per kg in 2013. In 2014, the price dropped to 1.45 US dollars per kg, and then to 1.50 US dollars per kg in 2015. The price then decreased further to 1.43 US dollars per kg in 2016, and then to 1.07 US dollars per kg in 2017. The lowest price was recorded in 2018, at 0.86 US dollars per kg. In 2019, the price increased to 1.12 US dollars per kg, and then to 1.21 US dollars per kg in 2020. The price then rose to 1.51 US dollars per kg in 2021, and then to 1.86 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Canola Oil into Turkey will be 1.71 US dollars per kg in 2023, and 1.56 US dollars per kg in 2024.Export values for Turkey canola oil
The total values in export for canola oil in Turkey were US$ 1,003, US$ 2,854, US$ 7,875 and US$ 1,115 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Middle East: Bahrain canola oil, Cyprus canola oil, Iraq canola oil, Israel canola oil, Jordan canola oil, Kuwait canola oil, Lebanon canola oil, Palestine canola oil, Oman canola oil & Qatar canola oil.
Turkey canola oil - Production, Exports, Imports, Seasons and HS Codes
The amount of canola oil exported by Turkey in 2020 was 7,327 tons. In 2019 Turkey exported 997 tonnes of canola oil. For the year 2019 alone, the demand for Turkey canola oil (processed category) has decreased, changing by -89.05 percent compared to the year 2018. Between 2017 and 2019, canola oil's exports reduced by -62.56 percent bringing the exporter US$1.12m for the year 2019. Turkey's canola oil exports are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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Turkey canola oil export values
In 2019, Turkey exported canola oil worth 1.12m USD, a decrease of -85.78% from 2018's total canola oil export of 7.875m USD. The annual change in value of Turkey canola oil between 2017 to 2018 was 175.929 per cent.
The per year variation in the amount of Turkey's canola oil exports between 2017 and 2019 was -62.56% in comparison to a variation of -89.05% in the period between 2018 and 2019.
Turkey's stake of the world's total canola oil's exports in 2019 was less than 1%. Turkey holds number 35 in world exports of canola oil.
Export markets for Turkey canola oil ( in '000$ )
Turkey's top destinations for canola oil are Syria, US, Lebanon, Azerbaijan and Georgia.
Import/Export Trends
Turkey is a net exporter of canola oil. The annual growth of Turkey canola oil in value between 2015 to 2019 was 10%, per year, while annual growth in quantity through the same period was 40%, per annum.
Turkey procured 122 tonnes of canola oil in 2019.