Turkey - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Rennet Price Jumps 406%: Now $28.2 per kg
Turkey Rennet Import Price in December 2022
In December 2022, the rennet price amounted to $28.2 per kg (CIF, Turkey), picking up by 406% against the previous month. In general, the import price showed strong growth. The import price peaked at $69.7 per kg in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($75.5 per kg), while the price for Denmark amounted to $3.6 per kg.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Price Rennet in Turkey (USD per kg) | |||||||||||||
| Italy | 8.1 | N/A | 9.7 | 5.5 | 8.5 | N/A | N/A | 16.4 | 5.0 | N/A | N/A | N/A | N/A |
| France | N/A | N/A | 5.8 | N/A | N/A | 6.9 | 9.1 | N/A | 32.4 | 5.3 | N/A | 7.6 | N/A |
| China | N/A | N/A | 80.8 | N/A | N/A | N/A | 75.2 | N/A | N/A | 56.3 | 69.7 | 4.0 | 75.5 |
| Denmark | 4.9 | 4.6 | 4.5 | 3.9 | 4.0 | 4.5 | 3.9 | 5.7 | 2.9 | 4.3 | N/A | 3.9 | 3.6 |
| Average | 5.1 | 5.9 | 18.6 | 4.9 | 6.2 | 5.2 | 20.3 | 7.4 | 9.2 | 21.7 | 69.7 | 5.6 | 28.2 |
Turkey Rennet Imports
In December 2022, rennet imports into Turkey dropped rapidly to 32 tons, waning by -30.1% on November 2022 figures. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in September 2022 when imports increased by 968% against the previous month. Over the period under review, imports hit record highs at 69 tons in May 2022; however, from June 2022 to December 2022, imports remained at a lower figure.
In value terms, rennet imports surged to $900K (IndexBox estimates) in December 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in September 2022 with an increase of 2,419% m-o-m. As a result, imports attained the peak of $1.3M. From October 2022 to December 2022, the growth of imports remained at a lower figure.
Turkey Rennet Imports by Country
Denmark (21 tons) and China (11 tons) were the main suppliers of rennet imports to Turkey.
From December 2021 to December 2022, the biggest increases were in China (with a CAGR of +0.0%).
In value terms, China ($825K) constituted the largest supplier of rennet to Turkey, comprising 92% of total imports. The second position in the ranking was taken by Denmark ($75K), with an 8.4% share of total imports.
From December 2021 to December 2022, the average monthly growth rate of value from China was relatively modest.
This report provides an in-depth analysis of the rennet market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
