Turkey: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Turkey

The Turkish preserved swine meat cut market dropped to $X in 2021, shrinking by -3.4% against the previous year. In general, consumption recorded a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Turkey

In value terms, preserved swine meat cut production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Turkey

In 2021, the amount of prepared or preserved shoulders and cuts of swine meat exported from Turkey rose remarkably to X tons, with an increase of 7.3% on 2020. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 393%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, preserved swine meat cut exports totaled $X in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 406% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Liberia (X tons), Marshall Islands (X tons) and Malta (X tons) were the main destinations of preserved swine meat cut exports from Turkey, together comprising 54% of total exports. Panama, Bahamas, Greece, Italy, Singapore, Hong Kong SAR, the Netherlands, Russia, Belize and Denmark lagged somewhat behind, together comprising a further 36%.

From 2015 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +77.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved swine meat cut exported from Turkey were Liberia ($X), Marshall Islands ($X) and Malta ($X), with a combined 53% share of total exports. Panama, Bahamas, Greece, Italy, Singapore, Hong Kong SAR, the Netherlands, Russia, Belize and Denmark lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, the Netherlands, with a CAGR of +74.1%, saw 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

In 2021, the average preserved swine meat cut export price amounted to $X per ton, growing by 7.1% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 7.4%. 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 remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Denmark ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Turkey

Preserved swine meat cut imports into Turkey surged to X tons in 2021, jumping by 30% against the previous year. Overall, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 98%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved swine meat cut imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2015 to 2021: its value increased at an average annual rate of +2.6% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.2% against 2018 indices. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of preserved swine meat cut to Turkey, accounting for a 50% share of total imports. Moreover, preserved swine meat cut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 20% share.

From 2015 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-17.0% per year) and Poland (0.0% per year).

In value terms, the Netherlands ($X), Poland ($X) and Belgium ($X) were the largest preserved swine meat cut suppliers to Turkey, together comprising 90% of total imports. These countries were followed by Denmark and Germany, which together accounted for a further 10%.

In terms of the main suppliers, Germany, with a CAGR of +31.1%, recorded the highest rates of growth with regard to 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

The average preserved swine meat cut import price stood at $X per ton in 2021, with an increase of 3.5% against the previous year. Over the last six years, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 46% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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