Turkey: Processed Meat Market 2024

Processed Meat Market Size in Turkey

The Turkish processed meat market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Processed meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Processed Meat Production in Turkey

In value terms, processed meat production plummeted to $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Processed Meat Exports

Exports from Turkey

In 2022, shipments abroad of processed meat increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, processed meat exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Iraq (X tons), Venezuela (X tons) and Syrian Arab Republic (X tons) were the main destinations of processed meat exports from Turkey, with a combined X% share of total exports.

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

In value terms, the largest markets for processed meat exported from Turkey were Iraq ($X), Qatar ($X) and Venezuela ($X), together accounting for X% of total exports.

Among the main countries of destination, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average processed meat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Ukraine ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Turkey

In 2022, purchases abroad of processed meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded tangible growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, processed meat imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a noticeable expansion. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Ukraine (X tons) and Romania (X tons) were the main suppliers of processed meat imports to Turkey, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X,900.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Netherlands ($X) and Ukraine ($X) appeared to be the largest processed meat suppliers to Turkey, together comprising X% of total imports.

Romania, with a CAGR of X,000.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average processed meat import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a mild expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Romania ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform