Sunflower or safflower oil and fractions market Turkey

Earlier Report Observations

Between 2018 and 2020, the market volume for sunflower and safflower oil in Turkey expanded from 1.1 million tons to 1.3 million tons. This growth was supported by an increase in domestic oilseed production, driven by government agricultural support policies and the gradual adoption of more modern cultivation techniques. However, domestic output remained insufficient to meet demand, sustaining a reliance on imports.

A reduction in domestic production in 2021 was offset by rising imports, facilitated by the elimination of customs duties on crude sunflower oil and safflower seeds. From 2022 onward, geopolitical tensions from the Russia-Ukraine war created price volatility and global supply chain disruptions, prompting Turkey to boost imports sharply, which reached a record 1.5 million tons in 2023 to stabilize the domestic market.

Turkey's exports also grew, reaching 1.1 million tons in 2023, reinforcing its regional leader position. The market saw significant consolidation with Tiryaki Agro's acquisition of major brands like Yudum. Consumer preferences shifted towards healthier high-oleic variants, and in 2024, the zero-duty policy on crude oil imports was maintained to ensure supply amid high energy costs and currency fluctuations.

Production sunflower or safflower oil and fractions Turkey

In kind, 2017-2020, K t

Turkey ranked fourth globally in sunflower or safflower oil and fractions production between 2017 and 2020.

Top producers of sunflower or safflower oil and fractions, 2017-2020

World map of production of sunflower or safflower oil and fractions, 2017-2020

Turkey's production of sunflower or safflower oil and fractions grew for the third year in a row. In 2020, output reached 1 147 thousand tonnes, marking a moderate 4.3% increase from the previous year. From 2017 to 2020, production rose by 23.5%, averaging an annual growth rate of 7.3%.

Annual dynamics of production Turkey in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Turkey's production of sunflower or safflower oil and fractions increased for the third consecutive year. In 2020, the value of this output was 1 128 million US dollars, up 13.4% year-over-year. Between 2017 and 2020, production value grew by 20.9%, with an average annual rate of 6.5%.

Annual dynamics of production Turkey in value, 2017-2020, M $ US

Exports sunflower or safflower oil and fractions to Turkey

Exports in kind, K t

Turkey's exports of sunflower or safflower oil and fractions rose for the second straight year. In 2020, export volume hit 740.6 thousand tonnes, a 36.0% jump from 2019. Over the 2017-2020 period, exports increased by 28.3%, with a compound annual growth rate of 8.7%. The lowest volume was recorded in 2018 at 450.7 thousand tonnes, which represented the largest decline of 21.9%.

Annual dynamics of product's exports to Turkey in kind, 2017-2020, K t

From 2017 to 2020, Iraq, Djibouti, and Syria were the top destinations for Turkey's exports in volume terms, accounting for 28.0%, 15.1%, and 13.4% of exports, respectively. Together, they made up 56.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports to Turkey in kind, 2017-2020

Exports in value, M $ US

Turkey's exports of sunflower or safflower oil and fractions grew for the second consecutive year. In 2020, export value reached 728.3 million US dollars, a sharp 47.8% increase year-over-year. Between 2017 and 2020, export value rose by 25.5%, with a compound annual growth rate of 7.9%. The lowest value was in 2018 at 447.6 million US dollars, which saw the largest decline of 22.9%.

Annual dynamics of product's exports to Turkey in value, 2017-2020, M $ US

Between 2017 and 2020, Iraq, Djibouti, and Syria formed the main cluster of markets for Turkey's exports in value terms, with shares of 26.4%, 14.9%, and 13.5%, respectively. Combined, they accounted for 54.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports to Turkey in value, 2017-2020

Imports sunflower or safflower oil and fractions in Turkey

Imports in kind, K t

Turkey's imports of sunflower or safflower oil and fractions increased for the third year in a row. In 2020, import volume was approximately 892.0 thousand tonnes, up 47.2% from the previous year. From 2017 to 2020, imports surged by 251.9%, averaging an annual growth rate of 52.1%.

Annual dynamics of product's imports in Turkey in kind, 2017-2020, K t

Between 2017 and 2020, Russia and Ukraine were the primary sources for Turkey's imports in volume terms, together accounting for 80.1% of total flows, while other markets made up the remainder.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports in Turkey in kind, 2017-2020

Imports in value, M $ US

Turkey's imports of sunflower or safflower oil and fractions rose for the second consecutive year. In 2020, import value was recorded at 707.3 million US dollars, a 61.4% gain year-over-year. Over the 2017-2020 period, import value increased by 7.4%, with a compound annual growth rate of 2.4%. The lowest value was in 2018 at 416.6 million US dollars, which experienced the largest decline of 36.7%.

Annual dynamics of product's imports in Turkey in value, 2017-2020, M $ US

From 2017 to 2020, Russia and Bosnia and Herzegovina were the main suppliers of sunflower or safflower oil and fractions to Turkey in value terms, with a combined share of 81.6% of total imports, while other countries accounted for the rest.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports in Turkey in value, 2017-2020