Turkey: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Turkey

The Turkish preserved cows meat market soared to $X in 2021, rising by 25% against the previous year. Over the period under review, consumption saw significant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Preserved Cows Meat Production in Turkey

In value terms, preserved cows meat production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 221% against the previous year. Preserved cows meat production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Preserved Cows Meat Exports

Exports from Turkey

In 2021, preserved cows meat exports from Turkey rose rapidly to X tons, surging by 5.9% on the year before. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports skyrocketed to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 74%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for preserved cows meat exports from Turkey, accounting for a 67% share of total exports. Moreover, preserved cows meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Cyprus (X tons), ninefold. The third position in this ranking was taken by Vietnam (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+7.0% per year) and Vietnam (-17.0% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Turkey, comprising 56% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+4.3% per year) and the United Arab Emirates (+25.7% per year).

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, rising by 21% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 23%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Turkey

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into Turkey contracted markedly to X tons, waning by -31.6% compared with the previous year. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 107% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved cows meat imports contracted to $X in 2021. Overall, imports faced a dramatic decrease. The pace of growth appeared the most rapid in 2014 with an increase of 77%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Brazil (X tons) and the Netherlands (X tons) were the main suppliers of preserved cows meat imports to Turkey, together accounting for 93% of total imports. Germany and the United Arab Emirates lagged somewhat behind, together comprising a further 5.7%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +74.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Turkey, comprising 50% of total imports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.5% per year) and the Netherlands (-11.1% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, surging by 26% against the previous year. Overall, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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