Turkey: Animal Fats Market 2025

Animal Fats Market Size in Turkey

In 2021, the Turkish animal fats market decreased by -11.9% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Animal Fats Production in Turkey

In value terms, animal fats production reduced to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 40%. As a result, production attained the peak level of $X, and then shrank in the following year.

Animal Fats Exports

Exports from Turkey

In 2021, after two years of decline, there was significant growth in shipments abroad of animal fats and oils, when their volume increased by 7,563% to X tons. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal fats exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for animal fats exports from Turkey, with a 62% share of total exports. Moreover, animal fats exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. Afghanistan (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Syrian Arab Republic totaled +27,216.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+38.6% per year) and Afghanistan (+83.3% per year).

In value terms, Pakistan ($X), Syrian Arab Republic ($X) and Oman ($X) appeared to be the largest markets for animal fats exported from Turkey worldwide, together comprising 77% of total exports.

Syrian Arab Republic, with a CAGR of +31,222.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average animal fats export price amounted to $X per ton, dropping by -41.4% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the average export price increased by 100%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+13.9%), while the prices for the other major destinations experienced a decline.

Animal Fats Imports

Imports into Turkey

In 2021, supplies from abroad of animal fats and oils was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 34,189%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, animal fats imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 34,906%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Canada (X tons) constituted the largest animal fats supplier to Turkey, accounting for a 50% share of total imports. Moreover, animal fats imports from Canada exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +121.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+415.8% per year) and Norway (+96.2% per year).

In value terms, Chile ($X), Norway ($X) and Canada ($X) appeared to be the largest animal fats suppliers to Turkey, with a combined 91% share of total imports.

Among the main suppliers, Chile, with a CAGR of +356.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, with a decrease of -15.6% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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