Friday, May 14, 2021

IMPORT OF PEPPER BY TURKEY - IPC MKT REPORTS

 


IMPORT OF PEPPER BY TURKEY

The Republic of Turkey is a country that occupies a unique geographical position, lying partly in Asia and partly in the Europe. Turkey is bordered by Greece, Bulgaria, Georgia, Armenia, Iran, Iraq and Syria. Turkey actively imports pepper from various pepper producing countries for its domestic consumption.

In 2019, Turkey was reported to have imported a total 6,249 Mt of pepper which 96% or 5,988 Mt of it comprised of whole pepper while 4% or 260 Mt of it was ground pepper. The average import of pepper by Turkey in 2019 was reported to be 521 Mt per month with the highest quantity recorded in May with 828 Mt. The total expenditure of the pepper import by Turkey in 2019 was reported to be as high as USD 11.3 Million, recording an average price of the total pepper imported by Turkey at USD 1,870 per Mt for whole pepper and USD 606 Per Mt for ground pepper.

Year 2020 saw an increasing trend in terms of quantity of pepper imported by Turkey. Turkey was reported to have imported a total of 6,529 Mt which 99% or 6,489 Mt of it comprised of whole pepper and 1% or 40 Mt of it was ground pepper. Thus, recording an increase of 4% when compared to 2019. The average pepper import by Turkey in 2020 was reported at 544 Mt per month which peaked in June with 1,153 Mt. In accordance with increasing in terms of quantity, Turkey\'s expenditure of pepper import was reported with an increase of 8% to a total of USD 12.2 Million. Thus, recording an average price of the total pepper imported by Turkey at USD 1,871 per Mt for whole pepper and USD 3,820 per Mt for ground pepper or relative stable for whole pepper and an increase of USD 3,214 Mt for ground pepper as compared to 2019.

As of February 2021, pepper import by Turkey was reported with an increase of 54% as compared to the same period in 2020, totaling at 1,363 Mt with all of them was whole pepper. The total expenditure of pepper import by Turkey as of February 2021 was reported with an increase by 48% as compared to the same period in 2020, totaling at USD 2.6 Million. Thus, recording an average price of the total pepper imported by Turkey at USD 1,908 per Mt for whole pepper and USD 7,547 per Mt for ground pepper.

The top five countries of origins of Turkey\'s pepper as of February 2021 were reported to be Viet Nam with 674 Mt (an increase of 28% as compared to the same period in 2020), Brazil with 394 Mt (an increase of 36%), Iran with 108 Mt (2020 n.a), India with 86 Mt (an increase of 45 Mt) and Indonesia with 46 Mt (2020 n.a).

 


 




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