Turkey: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Turkey

The Turkish preparations for animal feeding market reduced to $X in 2022, shrinking by -5.5% against the previous year. In general, consumption, however, continues to indicate strong growth. Preparations for animal feeding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Turkey

In value terms, preparations for animal feeding production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 82% against the previous year. Preparations for animal feeding production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Turkey

In 2022, overseas shipments of preparations used in animal feeding increased by 59% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 74%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preparations for animal feeding exports soared to $X in 2022. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Iraq (X tons) was the main destination for preparations for animal feeding exports from Turkey, with a 53% share of total exports. Moreover, preparations for animal feeding exports to Iraq exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. The third position in this ranking was taken by Tunisia (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (0.0% per year) and Tunisia (+217.4% per year).

In value terms, the largest markets for preparations for animal feeding exported from Turkey were Iraq ($X), Syrian Arab Republic ($X) and Russia ($X), together comprising 57% of total exports. Tunisia and Turkmenistan lagged somewhat behind, together comprising a further 7.5%.

Among the main countries of destination, Tunisia, with a CAGR of +223.2%, 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 preparations for animal feeding export price stood at $X per ton in 2022, growing by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Preparations Used In Animal Feeding

Imports into Turkey

In 2022, the amount of preparations used in animal feeding imported into Turkey soared to X tons, picking up by 21% compared with the year before. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, preparations for animal feeding imports soared to $X in 2022. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Brazil (X tons) and China (X tons) were the main suppliers of preparations for animal feeding imports to Turkey, with a combined 41% share of total imports. Hungary, Poland, Italy, Russia, Vietnam, Germany, the Netherlands, Spain, the United States and Indonesia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +188.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of preparations used in animal feeding to Turkey, comprising 21% of total imports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total imports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+75.3% per year) and China (+7.1% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, growing by 5.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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