What is the price of margarine per kilogram/pound in Turkey today?
The retail price range for Turkey margarine is between US$ 1.76 and US$ 3.42 per kilogram or between US$ 0.80 and US$ 1.55 per pound(lb). Click here to see today's exact prices of margarine in Turkey
The retail price range in Turkish Lira for margarine is between TRY 34.85 and TRY 67.77 per kilogram or between TRY 15.81 and TRY 30.73 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey margarine is between US$ 1.23 and US$ 2.39 per kilogram or between US$ 0.56 and US$ 1.09 per pound(lb).
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Turkey Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Turkey over the last five years has seen a steady decline. In 2017, the price was 1.04 US $ per kg, and in 2021 it was 1.19 US $ per kg. The lowest price was in 2019, when it was 0.91 US $ per kg. The price has since remained steady at 0.91 US $ per kg in 2020 and 2021. Looking ahead, we can predict that the export price per kilogram of Margarine from Turkey in 2023 will be 1.47 US $ per kg, and in 2024 it will be 1.35 US $ per kg.The exports of margarine from Turkey are classified as:
- Margarine (excluding liquid) (HS code 151710)
Turkey Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Turkey has seen a steady decline over the past five years. In 2012, the price was $1.35, and it has decreased steadily since then, reaching a low of $0.91 in 2019 and 2020. However, in 2021, the price increased to $1.19, and in 2022, it rose further to $1.47. This suggests that the price of Margarine imports into Turkey is likely to remain relatively stable in the near future. If this trend continues, we can expect the price of Margarine imports into Turkey to be around $1.19 in 2023 and $1.47 in 2024.Export values for Turkey margarine
The total values in export for margarine in Turkey were US$ 66,615, US$ 53,345, US$ 52,538 and US$ 33,941 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 margarine in other countries across Middle East: Bahrain margarine, Cyprus margarine, Iraq margarine, Israel margarine, Jordan margarine, Kuwait margarine, Lebanon margarine, Palestine margarine, Oman margarine & Qatar margarine.
Turkey margarine - Production, Exports, Imports, Seasons and HS Codes
The volume of margarine sold by Turkey in 2020 was 34,957 metric tonnes. In 2019 Turkey shipped 37,344 tonnes of margarine. Across 2019 alone, the interest in Turkey margarine (processed category) has reduced, flactuating by -30.128 percent compared to the year 2018. Between 2017 and 2019, margarine's exports decreased by -27.13 percent earning the exporter US$33.94m for the year 2019. Turkey's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Turkey margarine export values
In 2019, Turkey supplied margarine valued at 33.94m USD, a reduction of -35.40% from 2018's total margarine export of 52.538m USD. The annual change in value of Turkey margarine between 2017 to 2018 was -1.513%.
The annual/yearly change in the quantity of Turkey's margarine exports between 2017 and 2019 was -27.13% when compared to a variation of -30.128% in the growth rate between 2018 and 2019.
Turkey's stake of the world's total margarine's exports in 2019 was less than 1%. The country holds position 55 in world exports of margarine.
Export markets for Turkey margarine ( in '000$ )
Turkey's top export markets for margarine are Iraq, Georgia, Syria, Israel and Madagascar.
Import/Export Trends
Turkey is a net exporter of margarine. The annual growth of Turkey margarine in value between 2015 to 2019 was 1%, per year, while annual growth in quantity during the same period was 4%, per annum.
Turkey brought in 2,358 tonnes of margarine in 2019.