What is the price of soyabean oil per kilogram/pound in Turkey today?
The retail price range for Turkey soyabean oil is between US$ 3.39 and US$ 4.35 per kilogram or between US$ 1.54 and US$ 1.97 per pound(lb). Click here to see today's exact prices of soyabean oil in Turkey
The retail price range in Turkish Lira for soyabean oil is between TRY 67.07 and TRY 86.24 per kilogram or between TRY 30.42 and TRY 39.11 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey soyabean oil is between US$ 2.37 and US$ 3.05 per kilogram or between US$ 1.07 and US$ 1.38 per pound(lb).
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Turkey Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Turkey over the last five years has seen a steady decline. In 2012, the price was 1.38 US dollars per kg, dropping to 1.34 US dollars per kg in 2013. This trend continued, with the price reaching 1.08 US dollars per kg in 2014, 0.83 US dollars per kg in 2015, and 0.75 US dollars per kg in 2016. In 2017, the price rose slightly to 0.78 US dollars per kg, before dropping again to 0.70 US dollars per kg in 2018 and 0.68 US dollars per kg in 2019. In 2020, the price rose to 0.71 US dollars per kg, before increasing again to 1.23 US dollars per kg in 2021 and 1.46 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Turkey will be 1.19 US dollars per kg in 2023 and 1.43 US dollars per kg in 2024.The soyabean oil exports from Turkey are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
Turkey Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Turkey over the last five years has seen a steady decline. In 2012, the price was 1.38 US dollars per kg, dropping to 1.34 US dollars per kg in 2013. This trend continued in 2014, with the price falling to 1.08 US dollars per kg. In 2015, the price dropped further to 0.83 US dollars per kg, and in 2016, it reached its lowest point of 0.75 US dollars per kg. In 2017, the price rose slightly to 0.78 US dollars per kg, before dropping again to 0.70 US dollars per kg in 2018. In 2019, the price dropped further to 0.68 US dollars per kg, before rising to 0.71 US dollars per kg in 2020. The price then rose sharply to 1.23 US dollars per kg in 2021, before dropping back to 1.46 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Soyabean oil into Turkey in 2023 will be 1.30 US dollars per kg, and in 2024, it will be 1.39 US dollars per kg.Export values for Turkey soyabean oil
The total values in export for soyabean oil in Turkey were US$ 25,711, US$ 40,389, US$ 59,554 and US$ 78,517 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 soyabean oil in other countries across Middle East: Bahrain soyabean oil, Cyprus soyabean oil, Iraq soyabean oil, Israel soyabean oil, Jordan soyabean oil, Kuwait soyabean oil, Lebanon soyabean oil, Palestine soyabean oil, Oman soyabean oil & Qatar soyabean oil.
Turkey soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The amount of soyabean oil exported by Turkey in 2020 was 208,283 tonnes. In 2019 Turkey shipped 116,351 tonnes of soyabean oil. In 2019 alone, the market for Turkey soyabean oil (processed category) has gone up, flactuating by 37.185 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went up by 123.49 pc earning the exporter US$78.52m for the year 2019. Turkey's soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Turkey soyabean oil export values
In 2019, Turkey sold soyabean oil valued at 78.52m USD, a surge of 31.85% from 2018's total soyabean oil export of 59.554m USD. The annual increase in value of Turkey soyabean oil between 2017 to 2018 was 47.451 per cent.
The annual change in the volume of Turkey's soyabean oil exports between 2017 and 2019 was 123.49% compared to a variation of 37.185% in the period between 2018 and 2019.
Export markets for Turkey soyabean oil ( in '000$ )
Turkey's leading destinations for soyabean oil are Iran, Algeria, Iraq, Tunisia and Egypt.
Turkey bought 22 tonnes of soyabean oil in 2019.