Turkey: Butter And Ghee Market 2024

Butter And Ghee Market Size in Turkey

The Turkish butter and ghee market expanded notably to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Turkey

In value terms, butter and ghee production stood at less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume decreased by X%. Butter and ghee production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Turkey

In 2022, the amount of butter and ghee exported from Turkey soared to X tons, with an increase of X% against the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, butter and ghee exports skyrocketed to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Egypt (X tons), the Netherlands (X tons) and Morocco (X tons) were the main destinations of butter and ghee exports from Turkey, with a combined X% share of total exports. Israel, Russia, Azerbaijan, Serbia, the United Arab Emirates, Tunisia, Lebanon, Oman, Cyprus and Iraq lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), the Netherlands ($X) and Morocco ($X) appeared to be the largest markets for butter and ghee exported from Turkey worldwide, with a combined X% share of total exports. Russia, Azerbaijan, Israel, Serbia, the United Arab Emirates, Lebanon, Tunisia, Cyprus, Oman and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Tunisia, with a CAGR of X.6%, saw the highest rates of growth with regard to 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

The average butter and ghee export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and Cyprus ($X per ton), while the average price for exports to Oman ($X per ton) and Tunisia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Turkey

In 2022, supplies from abroad of butter and ghee decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports fell slightly to $X in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest butter and ghee supplier to Turkey, accounting for a X% share of total imports. Moreover, butter and ghee imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Pakistan (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of butter and ghee to Turkey, comprising X% of total imports. The second position in the ranking was taken by Ireland ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price showed a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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