Turkey: Bacon And Ham Market 2024

Bacon And Ham Market Size in Turkey

The Turkish bacon and ham market reduced dramatically to $X in 2022, with a decrease of -58.4% against the previous year. Overall, consumption continues to indicate a sharp decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Bacon And Ham Production in Turkey

In value terms, bacon and ham production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 20,110,200% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Bacon And Ham Exports

Exports from Turkey

In 2022, overseas shipments of bacon, ham and other dried, salted or smoked pig meat increased by 16% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 29,614% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, bacon and ham exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 27,723%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Liberia (X tons), Marshall Islands (X tons) and Malta (X tons) were the main destinations of bacon and ham exports from Turkey, together comprising 50% of total exports. Panama, Bahamas, Portugal, Russia, Singapore, Greece, Hong Kong SAR, Antigua and Barbuda, the Netherlands and Norway lagged somewhat behind, together accounting for a further 36%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +80.6%), while the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), Marshall Islands ($X) and Malta ($X) were the largest markets for bacon and ham exported from Turkey worldwide, together accounting for 50% of total exports. Panama, Bahamas, Russia, Portugal, Singapore, Greece, Hong Kong SAR, Antigua and Barbuda, the Netherlands and Norway lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Portugal, with a CAGR of +68.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, rising by 2.9% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Bahamas ($X per ton), while the average price for exports to Antigua and Barbuda ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Turkey

For the third consecutive year, Turkey recorded growth in supplies from abroad of bacon, ham and other dried, salted or smoked pig meat, which increased by 12% to X tons in 2022. In general, imports showed a tangible increase. The pace of growth appeared the most rapid in 2016 with an increase of 70%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, bacon and ham imports skyrocketed to $X in 2022. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of bacon and ham to Turkey, accounting for a 87% share of total imports. Moreover, bacon and ham imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +3.4%.

In value terms, the Netherlands ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Turkey, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +15.1%.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, growing by 7.9% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 20%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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