Turkey: Preserved Turkey Market 2024

Preserved Turkey Market Size in Turkey

The Turkish preserved turkey market soared to $X in 2021, jumping by 17% against the previous year. Over the period under review, consumption, however, recorded a noticeable setback. Preserved turkey consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Preserved Turkey Production in Turkey

In value terms, preserved turkey production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Preserved turkey production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Turkey Exports

Exports from Turkey

In 2021, shipments abroad of prepared or preserved meat or offal of turkeys decreased by -8.7% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 62%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved turkey exports totaled $X in 2021. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Qatar (X tons) and Iraq (X tons) were the main destinations of preserved turkey exports from Turkey, with a combined 49% share of total exports. These countries were followed by Cyprus, Azerbaijan, the United Arab Emirates, Lebanon, Iran and Russia, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +540.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved turkey exported from Turkey were Kuwait ($X), Qatar ($X) and Iraq ($X), with a combined 60% share of total exports. Cyprus, Azerbaijan, Lebanon, the United Arab Emirates, Russia and Iran lagged somewhat behind, together accounting for a further 36%.

Iran, with a CAGR of +868.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iran ($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 Iran (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Turkey

In 2021, approx. X tons of prepared or preserved meat or offal of turkeys were imported into Turkey; picking up by 111% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved turkey imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest preserved turkey supplier to Turkey, with a 49% share of total imports. It was followed by the UK (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -8.3%.

In value terms, the Netherlands ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Turkey, comprising 49% of total imports. The second position in the ranking was held by the UK ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -7.9%.

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, surging by 4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%).

Source: IndexBox Platform

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