Turkey: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Turkey

In 2022, the Turkish market for salted, dried or smoked meat, and offal was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Turkey

In value terms, production of salted, dried or smoked meat, and offal dropped dramatically to $X in 2022 estimated in export price. Overall, production showed significant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 3,103%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Turkey

In 2022, the amount of salted, dried or smoked meat, and offal exported from Turkey soared to X tons, growing by 55% on the previous year. Over the period under review, exports, however, recorded a noticeable decline. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 98% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), the United Arab Emirates (X tons) and Liberia (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Turkey, with a combined 49% share of total exports. Marshall Islands, Malta, Panama, Kuwait, Singapore, Bahamas, Greece, Portugal, Vietnam and Thailand lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +315.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for salted, dried or smoked meat, and offal exports from Turkey, comprising 32% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Liberia, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+88.0% per year) and Liberia (+35.3% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 52%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 Thailand (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Turkey

In 2022, imports of salted, dried or smoked meat, and offal into Turkey skyrocketed to X tons, with an increase of 21% compared with the previous year. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 98%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Turkey, accounting for a 72% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was taken by Germany (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.9% per year) and Germany (+10.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Turkey, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Spain, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.1% per year) and Spain (+20.9% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, shrinking by -2.7% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 197%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform