Turkiye Aims to Rise to Top Five in Global Seed Industry

Turkiye's seed industry is targeting a major leap forward, seeking to move from its current 11th position to the top five in the global ranking within the next decade. According to Haci Omer Guler, chairman of the Turkish Seed Union (TURKTOB), the industry has maintained a foreign trade surplus since 2018, with significant growth potential in Asia and the European Union.

Key Takeaways:

Turkiye aims to rise from its current 11th position to the top five in the global seed industry over the next 10 years.
The Turkish Seed Union (TURKTOB) has maintained a foreign trade surplus in the seed industry since 2018.
The industry's surplus stands at 117 percent for seeds, 550 percent for seedlings, 169 percent for ornamental plants, and 134 percent overall in the sector since 2018.
Exports in the seed industry reached $490 million, while imports hit $364 million.
The global seed market is valued at $70 billion and projected to exceed $100 billion by 2030.
Key priorities include diversifying products, accessing new markets, enhancing global branding, ramping up promotions, elevating seed quality, and curbing unregistered production to sustain the upward trend.
Most exports head to the EU, Russia, and Economic Cooperation Organization (ECO) nations.
Chairman Haci Omer Guler emphasized the need to address public misconceptions about Turkiye's reliance on foreign imports, highlighting the industry's potential and growth.

Statistics:

$490 million: Turkiye's seed industry exports in 2018
$364 million: Turkiye's seed industry imports in 2018
117 percent: Turkiye's surplus for seeds since 2018
550 percent: Turkie's surplus for seedlings since 2018
169 percent: Turkiye's surplus for ornamental plants since 2018
134 percent: Turkiye's overall surplus in the seed industry since 2018
$70 billion: Current global seed market value
$100 billion: Projected global seed market value by 2030

Sources:

Anadolu Agency.