What is the price of oleoresins per kilogram/pound in Turkey today?
The retail price range for Turkey oleoresins is between US$ 11.62 and US$ 19.36 per kilogram or between US$ 5.27 and US$ 8.78 per pound(lb). Click here to see today's exact prices of oleoresins in Turkey
The retail price range in Turkish Lira for oleoresins is between TRY 230.11 and TRY 383.52 per kilogram or between TRY 104.36 and TRY 173.93 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey oleoresins is between US$ 8.13 and US$ 13.55 per kilogram or between US$ 3.69 and US$ 6.15 per pound(lb).
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Turkey Oleoresins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Oleoresins from Turkey over the last five years has seen a steady increase. In 2017, the price was 11.06 US $ per kg, and in 2021 it was 15.84 US $ per kg. The highest price was recorded in 2022, at 21.64 US $ per kg. The price in 2020 was 12.52 US $ per kg, and in 2019 it was 12.02 US $ per kg. The lowest price was recorded in 2016, at 9.30 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Oleoresins from Turkey in 2023 will be around 18.18 US $ per kg, and in 2024 it will be around 22.98 US $ per kg.Turkey Oleoresins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Oleoresins into Turkey has seen a steady increase over the last five years. In 2016, the price was 9.30 US dollars per kg, and by 2021, it had risen to 15.84 US dollars per kg. This represents an increase of 7.54 US dollars per kg, or 81.2%. The highest price was recorded in 2022, at 21.64 US dollars per kg. Looking ahead, we can expect the price of Oleoresins to continue to rise, with an estimated price of 23.45 US dollars per kg in 2023 and 25.26 US dollars per kg in 2024.Export values for Turkey oleoresins
The total values in export for oleoresins in Turkey were US$ 3,375, US$ 4,270, US$ 9,466 and US$ 8,908 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 oleoresins in other countries across Middle East: Bahrain oleoresins, Cyprus oleoresins, Iraq oleoresins, Israel oleoresins, Jordan oleoresins, Kuwait oleoresins, Lebanon oleoresins, Palestine oleoresins, Oman oleoresins & Qatar oleoresins.
Turkey oleoresins - Production, Exports, Imports, Seasons and HS Codes
The volume of oleoresins sold by Turkey in 2020 was 867 metric tonnes. In 2019 Turkey shipped 740 tonnes of oleoresins. Through 2019 alone, the demand for Turkey oleoresins (processed category) has surged, changing by 4.225 % compared to the year 2018. Between 2017 and 2019, oleoresins' exports grew by 91.71% netting the country US$8.91m for the year 2019. Turkey's oleoresins exports are categorised as:
- Extracted oleoresins; concentrates of essential oils in fats, fixed oils, waxes and the like, obtained by enfleurage or maceration; terpenic by-products of the deterpenation of essential oils; aromatic aqueous distillates and aqueous solutions of essential oils (HS code 330190)
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Turkey oleoresins export values
In 2019, Turkey supplied oleoresins worth 8.91m USD, a decrease of -5.87% from 2018's total oleoresins export of 9.466m USD. The yearly reduction in value of Turkey oleoresins between 2017 to 2018 was 121.686 per cent.
The annual/yearly change in the volume of Turkey's oleoresins exports between 2017 and 2019 was 91.71 pc when compared to a variation of 4.225% in the growth rate between 2018 and 2019.
Turkey's stake of the world's total oleoresins' exports in 2019 was 7 percent. The country holds number 3 in world exports of oleoresins.
Export markets for Turkey oleoresins ( in '000$ )
Import/Export Trends
Turkey is a net exporter of oleoresins. The annual growth of Turkey oleoresins in value between 2015 to 2019 was 6%, per year, while annual growth in quantity for the same period was 5%, per annum.
Turkey procured 289 tonnes of oleoresins in 2019.