Report Update Nov 1, 2024

Turkey - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Turkey

The Turkish rendered pig fat market rose significantly to $X in 2021, with an increase of 7.8% against the previous year. Over the period under review, consumption showed a dramatic decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Rendered Pig Fat Production in Turkey

In value terms, rendered pig fat production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a mild downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Rendered Pig Fat Exports

Exports from Turkey

Rendered pig fat exports from Turkey skyrocketed to X kg in 2021, rising by 113% against 2020. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,123% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, rendered pig fat exports soared to $X in 2021. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 1,471% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X kg), Saudi Arabia (X kg) and Croatia (X kg) were the main destinations of rendered pig fat exports from Turkey, together comprising 69% of total exports. Kazakhstan, Saint Vincent and the Grenadines, Liberia and Panama lagged somewhat behind, together accounting for a further 27%.

From 2016 to 2021, the biggest increases were recorded for Panama (with a CAGR of +2.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rendered pig fat exported from Turkey were Croatia ($X), South Africa ($X) and Saint Vincent and the Grenadines ($X), with a combined 54% share of total exports. These countries were followed by Saudi Arabia, Liberia, Panama and Kazakhstan, which together accounted for a further 39%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of 0.0%, 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

The average rendered pig fat export price stood at $X per ton in 2021, shrinking by -39.4% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 50%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Liberia ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+5.3%).

Rendered Pig Fat Imports

Imports into Turkey

In 2021, overseas purchases of lard and other pig fat (rendered) were finally on the rise to reach X kg for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, faced a dramatic decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rendered pig fat imports surged to $X in 2021. Overall, imports, however, continue to indicate a significant decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X kg) was the main supplier of rendered pig fat to Turkey, accounting for a 99% share of total imports. It was followed by Germany (X kg), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled -40.7%.

In value terms, the UK ($X) constituted the largest supplier of lard and other pig fat (rendered) to Turkey, comprising 98% of total imports. The second position in the ranking was held by Germany ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -35.2%.

Import Prices by Country

In 2021, the average rendered pig fat import price amounted to $X per ton, growing by 13% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+94.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in the world?

The country with the largest volume of rendered pig fat consumption was Spain, comprising approx. 34% of total volume. Moreover, rendered pig fat consumption in Spain exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by the Netherlands, with a 10% share.

What are the largest producers of lard and other pig fat (rendered) in the world?

The countries with the highest volumes of rendered pig fat production in 2020 were the United States, Spain and Germany, together accounting for 60% of global production. The Netherlands, France, Poland, Italy, Belgium, Denmark, Canada and Sweden lagged somewhat behind, together comprising a further 35%.

What are the leading suppliers of lard and other pig fat (rendered) to Turkey?

In value terms, the UK $376) constituted the largest supplier of rendered pig fat to Turkey.

What are the leading importers of lard and other pig fat (rendered) from Turkey?

In value terms, France and Azerbaijan $838) appeared to be the largest markets for rendered pig fat exported from Turkey worldwide.

What is the average export price for lard and other pig fat (rendered) in Turkey?

The average rendered pig fat export price stood at $750 per ton in 2018, almost unchanged from the previous year.

What is the average import price for lard and other pig fat (rendered) in Turkey?

In 2020, the average rendered pig fat import price amounted to $2,892 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the rendered pig fat 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 10115060 - Lard and other pig fat, rendered

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023