What is the price of lactose per kilogram/pound in Turkey today?
The retail price range for Turkey lactose is between US$ 3.71 and US$ 5.44 per kilogram or between US$ 1.68 and US$ 2.47 per pound(lb). Click here to see today's exact prices of lactose in Turkey
The retail price range in Turkish Lira for lactose is between TRY 73.48 and TRY 107.77 per kilogram or between TRY 33.32 and TRY 48.87 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey lactose is between US$ 2.60 and US$ 3.81 per kilogram or between US$ 1.18 and US$ 1.73 per pound(lb).
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Turkey Lactose Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lactose from Turkey over the last five years has seen a steady decline. In 2017, the price was 0.91 US $ per kg, followed by 0.85 US $ per kg in 2018, 0.95 US $ per kg in 2019, 0.97 US $ per kg in 2020 and 1.16 US $ per kg in 2021. This year, the price has increased to 1.38 US $ per kg. Based on the current trend, it is predicted that the export price per kilogram of Lactose from Turkey in 2023 will be around 1.20 US $ per kg and in 2024 will be around 1.05 US $ per kg.The lactose exports from Turkey are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
Turkey Lactose Import Prices - Historical, Trends and Prediction
The import price of Lactose into Turkey over the last five years has been relatively stable. In 2017, the price was 0.91 US$ per kg, followed by 0.85 US$ per kg in 2018, 0.95 US$ per kg in 2019, 0.97 US$ per kg in 2020 and 1.16 US$ per kg in 2021. This indicates a slight increase in the price of Lactose over the last five years. Looking ahead, we can predict that the price of Lactose in Turkey in 2023 will be around 1.38 US$ per kg and in 2024 it will be around 1.52 US$ per kg.Export values for Turkey lactose
The total values in export for lactose in Turkey were US$ 3,147, US$ 4,120, US$ 2,925 and US$ 3,741 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 lactose in other countries across Middle East: Bahrain lactose, Cyprus lactose, Iraq lactose, Israel lactose, Jordan lactose, Kuwait lactose, Lebanon lactose, Palestine lactose, Oman lactose & Qatar lactose.
Turkey lactose - Production, Exports, Imports, Seasons and HS Codes
The amount of lactose shipped by Turkey in 2020 was 6,831 tons. In 2019 Turkey shipped 4,063 tonnes of lactose. In 2019 alone, the market for Turkey lactose (processed category) has gone up, flactuating by 18.732 percent compared to the year 2018. Between 2017 and 2019, lactose's exports reduced by -10.23 pc netting the exporter US$3.74m for the year 2019. Turkey's lactose exports are categorised as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
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Turkey lactose export values
In 2019, Turkey shipped lactose worth 3.74m USD, an increment of 27.86% from 2018's total lactose export of 2.925m USD. The yearly growth in value of Turkey lactose between 2017 to 2018 was -29.005 percent.
The annual/yearly variation in the amount of Turkey's lactose exports between 2017 and 2019 was -10.23 pc in comparison to a variation of 18.732% in the period between 2018 and 2019.
Turkey's portion of the world's total lactose's exports in 2019 was 1.2%. Turkey is ranked number 17 in world exports of lactose.
Export markets for Turkey lactose ( in '000$ )
Turkey's top destinations for lactose are India, Iran, Japan, Pakistan and Nigeria.
Import/Export Trends
Turkey is a net exporter of lactose. The annual growth of Turkey lactose in value between 2015 to 2019 was 20%, per annum, while annual growth in quantity for the same period was 22%, per annum.
Turkey imported 2,558 tonnes of lactose in 2019.