Success in flour and pasta export while the dangers waiting for Turkey

Published 2021년 11월 30일

Tridge summary

Turkey is a global leader in flour and pasta exports, with wheat import dependence primarily from Russia. In 2020, flour exports reached $951 million, accounting for 20% of the global total, and pasta exports were $761 million. However, the average price per ton of pasta exports was significantly lower compared to other leading exporters like Italy, China, and South Korea. Despite this, Turkey's pasta industry, with 26 factories producing 2.85 million tons annually, has seen sales of 2.25 million tons in 2020, generating $2.8 billion in revenue over the past five years. The majority of pasta exports were to Venezuela, Somalia, Japan, Ghana, and Togo, and there is potential for market diversification.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Whenever wheat import comes to the agenda, it is reminded that Turkey ranks first in the world in flour export and second in pasta. “Wheat is imported, but it is exported as flour and pasta, providing higher added value.” It is argued that how accurate the import is. It is true that Turkey is by far the first in world flour export. Although it ranks second in pasta export in terms of quantity, it ranks 4th in terms of income. In addition, bulgur, biscuits and other products are also exported. This export is mostly carried out with imported wheat. Within the scope of the Inward Processing Regime (DIR), imported wheat is processed and exported as a product without paying customs duty. Most of the wheat imports, 65 percent, some years 80 percent are supplied from Russia, the rest from Ukraine and other countries. Therefore, there is a dependency on Russian wheat in flour and pasta exports. Experts and state officials from time to time also express that there are some drawbacks and ...

Source: TRdunyasi