What is the price of linseed oil per kilogram/pound in Turkey today?
The retail price range for Turkey linseed oil is between US$ 17.28 and US$ 27.84 per kilogram or between US$ 7.84 and US$ 12.62 per pound(lb). Click here to see today's exact prices of linseed oil in Turkey
The retail price range in Turkish Lira for linseed oil is between TRY 342.28 and TRY 551.45 per kilogram or between TRY 155.23 and TRY 250.09 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey linseed oil is between US$ 12.09 and US$ 19.49 per kilogram or between US$ 5.49 and US$ 8.84 per pound(lb).
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Turkey Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from Turkey over the last five years has been relatively stable. In 2017, the price was 0.79 US $ per kg, followed by 0.87 US $ per kg in 2018, 2019 and 2020. In 2021, the price increased to 1.60 US $ per kg and further increased to 2.64 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Linseed Oil from Turkey in 2023 will be around 3.67 US $ per kg and in 2024 will be around 4.71 US $ per kg.The linseed oil exports from Turkey are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
Turkey Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into Turkey over the last five years has been relatively stable. In 2017, the price was 0.79 US$ per kg, followed by 0.87 US$ per kg in 2018, 2019 and 2020. In 2021, the price increased to 1.6 US$ per kg and further increased to 2.64 US$ per kg in 2022. Based on this trend, it is likely that the import price of Linseed Oil into Turkey will continue to increase in the coming years. We can predict that the import price of Linseed Oil into Turkey in 2023 will be around 3.67 US$ per kg and in 2024 it will be around 4.71 US$ per kg.Export values for Turkey linseed oil
The total values in export for linseed oil in Turkey were US$ 9,833, US$ 8,790, US$ 8,773 and US$ 6,729 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 linseed oil in other countries across Middle East: Bahrain linseed oil, Cyprus linseed oil, Iraq linseed oil, Israel linseed oil, Jordan linseed oil, Kuwait linseed oil, Lebanon linseed oil, Palestine linseed oil, Oman linseed oil & Qatar linseed oil.
Turkey linseed oil - Production, Exports, Imports, Seasons and HS Codes
The amount of linseed oil shipped by Turkey in 2020 was 1,435 tonnes. In 2019 Turkey sold 7,747 tonnes of linseed oil. Through 2019 alone, the interest in Turkey linseed oil (processed category) has gone down, flactuating by -23.6 pc compared to the year 2018. Between 2017 and 2019, linseed oil's exports decreased by -30.5 pc netting the exporter US$6.73m for the year 2019. Turkey's linseed oil exports are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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Turkey linseed oil export values
In 2019, Turkey supplied linseed oil valued at 6.73m USD, a decrease of -23.29% from 2018's total linseed oil export of 8.773m USD. The yearly reduction in value of Turkey linseed oil between 2017 to 2018 was -0.19340159 per cent.
The annual change in the volume of Turkey's linseed oil exports between 2017 and 2019 was -30.5 percent in comparison to a variation of -23.6% in the period between 2018 and 2019.
Export markets for Turkey linseed oil ( in '000$ )
Turkey's best performing destinations for linseed oil are China, United Arab Emirates (UAE), the Netherlands, Bulgaria and Italy.
Turkey ordered 2 tonnes of linseed oil in 2019.