What is the price of sunflower oil per kilogram/pound in Turkey today?
The retail price range for Turkey sunflower oil is between US$ 0.72 and US$ 1.39 per kilogram or between US$ 0.33 and US$ 0.63 per pound(lb). Click here to see today's exact prices of sunflower oil in Turkey
The retail price range in Turkish Lira for sunflower oil is between TRY 14.21 and TRY 27.46 per kilogram or between TRY 6.44 and TRY 12.45 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey sunflower oil is between US$ 0.50 and US$ 0.97 per kilogram or between US$ 0.23 and US$ 0.44 per pound(lb).
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Turkey Sunflower Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Sunflower Oil from Turkey over the last five years has been relatively stable. In 2017, the price was 0.72 US $ per kg, followed by 0.82 US $ per kg in 2018, 0.75 US $ per kg in 2019, 0.93 US $ per kg in 2020, and 1.3 US $ per kg in 2021. The highest price was recorded in 2016, at 2.0 US $ per kg. Based on this data, it is likely that the export price of Sunflower Oil from Turkey will remain relatively stable in the next two years, with an estimated price of 1.62 US $ per kg in 2022 and 1.62 US $ per kg in 2023.The exports of sunflower oil from Turkey are categorised as:
- Crude sunflower-seed or safflower oil (HS code 151211)
Turkey Sunflower Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Sunflower Oil into Turkey has seen a steady decline over the last five years. In 2012, the price was 1.30 US dollars per kg, but by 2017, it had dropped to 0.72 US dollars per kg. In 2018, the price rose slightly to 0.82 US dollars per kg, before dropping again to 0.75 US dollars per kg in 2019. In 2020, the price rose to 0.93 US dollars per kg, before increasing further to 1.30 US dollars per kg in 2021. The most recent data shows that the price of Sunflower Oil into Turkey is 1.62 US dollars per kg in 2022. Based on this trend, it is likely that the price of Sunflower Oil into Turkey will remain around the same in 2023, at approximately 1.62 US dollars per kg, and may increase slightly to 1.65 US dollars per kg in 2024.Export values for Turkey sunflower oil
The total values in export for sunflower oil in Turkey were US$ 14, US$ 9,920, US$ 9,637 and US$ 17,165 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 sunflower oil in other countries across Middle East: Bahrain sunflower oil, Cyprus sunflower oil, Iraq sunflower oil, Israel sunflower oil, Jordan sunflower oil, Kuwait sunflower oil, Lebanon sunflower oil, Palestine sunflower oil, Oman sunflower oil & Qatar sunflower oil.
Turkey sunflower oil - Production, Exports, Imports, Seasons and HS Codes
The amount of sunflower oil exported by Turkey in 2020 was 97,053 metric tons. In 2019 Turkey sold 15,625 tonnes of sunflower oil. For 2019 alone, the demand for Turkey sunflower oil (processed category) has escalated, flactuating by 33.501 % compared to the year 2018. Between 2017 and 2019, sunflower oil's exports went up by 13.44% netting the exporter US$17.16m for the year 2019. Turkey's sunflower oil exports are classified as:
- Crude sunflower-seed or safflower oil (HS code 151211)
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Turkey sunflower oil export values
In 2019, Turkey supplied sunflower oil worth 17.16m USD, an increase of 78.06% from 2018's total sunflower oil export of 9.637m USD. The yearly growth in value of Turkey sunflower oil between 2017 to 2018 was -2.853%.
The per year change in the volume of Turkey's sunflower oil exports between 2017 and 2019 was 13.44 per cent in comparison to a variation of 33.501% in the period between 2018 and 2019.
Turkey's portion of the world's total sunflower oil's exports in 2019 was less than 1%. Turkey is ranked position 89 in world exports of sunflower oil.
Export markets for Turkey sunflower oil ( in '000$ )
Turkey's best performing destinations for sunflower oil are Iraq, Djibouti, Syria, Yemen and Somalia.
Import/Export Trends
Turkey is a net importer of sunflower oil. The annual growth of Turkey sunflower oil in value between 2015 to 2019 was -78%, per year, while annual growth in quantity was %, per annum.
Turkey purchased 499,523 tonnes of sunflower oil in 2019.