What is the price of malt extract per kilogram/pound in Turkey today?
The retail price range for Turkey malt extract is between US$ 4.53 and US$ 10.90 per kilogram or between US$ 2.06 and US$ 4.94 per pound(lb). Click here to see today's exact prices of malt extract in Turkey
The retail price range in Turkish Lira for malt extract is between TRY 89.77 and TRY 215.84 per kilogram or between TRY 40.71 and TRY 97.89 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey malt extract is between US$ 3.17 and US$ 7.63 per kilogram or between US$ 1.44 and US$ 3.46 per pound(lb).
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Turkey Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from Turkey over the last five years has seen a steady decline. In 2017, the price was 2.03 US $ per kg, and by 2021, it had dropped to 1.77 US $ per kg. The lowest price was recorded in 2022, at 1.52 US $ per kg. Based on this trend, it is predicted that the export price of Malt Extract from Turkey in 2023 will be 1.27 US $ per kg, and in 2024, it will be 1.02 US $ per kg.The Turkey malt extract exports are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
Turkey Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into Turkey over the last five years has seen a general downward trend. In 2017, the price was 2.03 US dollars per kg, followed by 1.89 US dollars per kg in 2018. In 2019, the price increased slightly to 2.02 US dollars per kg, before dropping to 2.01 US dollars per kg in 2020 and 1.77 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Malt Extract into Turkey is 1.52 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Malt Extract into Turkey in 2023 will be 1.37 US dollars per kg and 1.22 US dollars per kg in 2024.Export values for Turkey malt extract
The total values in export for malt extract in Turkey were US$ 6,189, US$ 6,461, US$ 8,074 and US$ 7,255 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 malt extract in other countries across Middle East: Bahrain malt extract, Cyprus malt extract, Iraq malt extract, Israel malt extract, Jordan malt extract, Kuwait malt extract, Lebanon malt extract, Palestine malt extract, Oman malt extract & Qatar malt extract.
Turkey malt extract - Production, Exports, Imports, Seasons and HS Codes
The quantity of malt extract sold by Turkey in 2020 was 5,747 tons. In 2019 Turkey sold 4,065 tonnes of malt extract. In 2019 alone, the market for Turkey malt extract (processed category) has gone down, changing by -4.979 % compared to the year 2018. Between 2017 and 2019, malt extract's exports increased by 27.47% earning the country US$7.26m for the year 2019. Turkey's malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Turkey malt extract export values
In 2019, Turkey exported malt extract worth 7.26m USD, a contraction of -10.08% from 2018's total malt extract export of 8.074m USD. The yearly reduction in value of Turkey malt extract between 2017 to 2018 was 24.965 per cent.
The per year variation in the volume of Turkey's malt extract exports between 2017 and 2019 was 27.47% compared to a variation of -4.979% in the period between 2018 and 2019.
Turkey's share of the world's total malt extract's exports in 2019 was less than 1%. The country is ranked number 39 in world exports of malt extract.
Export markets for Turkey malt extract ( in '000$ )
Turkey's top destinations for malt extract are Iraq, Iran, Cyprus, Germany and Azerbaijan.
Import/Export Trends
Turkey is a net importer of malt extract. The annual growth of Turkey malt extract in value between 2015 to 2019 was 84%, per year, while annual growth in quantity for the same period was 101%, per annum.
Turkey procured 11,344 tonnes of malt extract in 2019.