What is the price of cottonseed oil per kilogram/pound in Turkey today?
The retail price range for Turkey cottonseed oil is between US$ 2.88 and US$ 5.15 per kilogram or between US$ 1.31 and US$ 2.34 per pound(lb). Click here to see today's exact prices of cottonseed oil in Turkey
The retail price range in Turkish Lira for cottonseed oil is between TRY 57.05 and TRY 102.08 per kilogram or between TRY 25.87 and TRY 46.30 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey cottonseed oil is between US$ 2.02 and US$ 3.61 per kilogram or between US$ 0.91 and US$ 1.64 per pound(lb).
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Turkey Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from Turkey over the last five years has seen a steady decline. In 2017, the price was 1.03 US $ per kg, followed by 1.02 US $ per kg in 2018, 0.93 US $ per kg in 2019, 0.99 US $ per kg in 2020, and 1.53 US $ per kg in 2021. The highest price was recorded in 2021, with 1.83 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of cottonseed oil from Turkey in 2023 will be around 1.30 US $ per kg, and in 2024 it will be around 1.15 US $ per kg.The Turkey cottonseed oil exports are categorised as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
Turkey Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into Turkey has seen a steady decline over the last five years. In 2017, the price was $1.03, followed by $1.02 in 2018, $0.93 in 2019, $0.99 in 2020, and $1.53 in 2021. This indicates a downward trend in the price of cottonseed oil over the last five years. The highest price was seen in 2021, with a price of $1.53 per kilogram. Looking ahead, it is likely that the price of cottonseed oil will remain relatively stable in the next two years, with an estimated price of $1.83 in 2022 and $1.90 in 2023.Export values for Turkey cottonseed oil
The total values in export for cottonseed oil in Turkey were US$ 637,281, US$ 540,741, US$ 413,410 and US$ 425,888 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 cottonseed oil in other countries across Middle East: Bahrain cottonseed oil, Cyprus cottonseed oil, Iraq cottonseed oil, Israel cottonseed oil, Jordan cottonseed oil, Kuwait cottonseed oil, Lebanon cottonseed oil, Palestine cottonseed oil, Oman cottonseed oil & Qatar cottonseed oil.
Turkey cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
The volume of cottonseed oil sold by Turkey in 2020 was 652,509 tonnes. In 2019 Turkey sold 457,673 tonnes of cottonseed oil. For the year 2019 alone, the interest in Turkey cottonseed oil (processed category) has gone up, with a change of 12.575 percent compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports went down by -12.9% netting the exporter US$425.89m for the year 2019. Turkey's cottonseed oil exports are classified as:
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
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Turkey cottonseed oil export values
In 2019, Turkey supplied cottonseed oil costing 425.89m USD, a surge of 3.02% from 2018's total cottonseed oil export of 413.41m USD. The annual change in value of Turkey cottonseed oil between 2017 to 2018 was -23.548%.
The annual/yearly change in the volume of Turkey's cottonseed oil exports between 2017 and 2019 was -12.9% compared to a variation of 12.575% in the period between 2018 and 2019.
Turkey's portion of the world's total cottonseed oil's exports in 2019 was less than 1%. The country holds position 55 in world exports of cottonseed oil.
Export markets for Turkey cottonseed oil ( in '000$ )
Turkey's top export markets for cottonseed oil are Malaysia, Australia, Japan, Sweden and Israel.
Import/Export Trends
Turkey is a net importer of cottonseed oil. The annual growth of Turkey cottonseed oil in value between 2015 to 2019 was 1%, per year, while annual growth in quantity during the same period was -2%, per annum.
Turkey purchased 39,857 tonnes of cottonseed oil in 2019.