Report Update Nov 1, 2024

Turkey - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Pig Fat Market 2024

Pig Fat Market Size in Turkey

The Turkish pig fat market fell notably to $X in 2022, shrinking by -74.6% against the previous year. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Pig Fat Production in Turkey

In value terms, pig fat production surged to $X in 2022 estimated in export price. Overall, production posted a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Pig Fat Exports

Exports from Turkey

In 2022, shipments abroad of pig fat increased by 2,700,700% to X tons, rising for the eighth year in a row after two years of decline. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig fat exports soared to $X in 2022. Over the period under review, exports posted a significant increase. 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 pig fat exports from Turkey, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Syrian Arab Republic was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Syrian Arab Republic was relatively modest.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2022, dropping by -74.7% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 59%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Syrian Arab Republic.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +59.4% per year.

Pig Fat Imports

Imports into Turkey

In 2017, overseas purchases of pig fat decreased by 0% to X tons, falling for the second consecutive year after two years of decline. Over the period under review, imports recorded a significant increase. The smallest decline of 99.9% was in 2016. Imports peaked in 2017 and are likely to see gradual growth in the near future.

In value terms, pig fat imports totaled $X in 2017. In general, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2016. Imports peaked in 2017 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), the UK (X tons) and Ukraine (X kg) were the main suppliers of pig fat imports to Turkey.

From 2013 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +35.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest pig fat suppliers to Turkey were Spain ($X), the UK ($X) and Ukraine ($X).

Among the main suppliers, the UK, with a CAGR of +48.8%, saw 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 2017, the average pig fat import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average import price decreased by 99.9% against the previous year. Over the period under review, average import prices hit record highs in 2017 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of prices was attained by Ukraine (+84.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig fat in the world?

The countries with the highest volumes of in 2021 were Spain, China and France, with a combined 43% share of global consumption.

What are the largest producers of pig fat in the world?

Spain remains the largest pig fat producing country worldwide, comprising approx. 34% of total volume. Moreover, pig fat production in Spain exceeded the figures recorded by the second-largest producer, Germany, threefold. France ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of pig fat to Turkey?

In value terms, the UK $429) constituted the largest supplier of pig fat to Turkey.

What is the average export price for pig fat in Turkey?

In 2021, the average pig fat export price amounted to $6,000 per ton, approximately reflecting the previous year.

What is the average import price for pig fat in Turkey?

In 2021, the average pig fat import price amounted to $4,638 per ton, declining by -7.6% against the previous year.

This report provides an in-depth analysis of the 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 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding 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